OYO raises strategic investment worth $9Bn from tech giant Microsoft

OYO raises strategic investment worth $9Bn from tech giant Microsoft

Date: 2021-07-31 By Hrishikesh Kadam

Hospitality company OYO has reportedly raised investment from Microsoft at a valuation of USD 9 billion, according to a subject matter expert. The details of the funding round are yet to be confirmed. However, the final....

McDonald’s sales beat estimations with new sandwiches, BTS-styled menu

McDonald’s recently beat Wall Street’s estimates for its sales and profit as restaurants reopened despite a shortage of workforce and customers lined up to get their hands on a special meal inspired by the world-famous South Kor....

Greywing launches Crew Change to support shipping companies amid pandemic

Maritime operations automation platform Greywing has recently launched Crew Change, a solution to assist shipping companies in managing testing, isolation, and other Covid-19 related regulations for their crew members. Crew Change uses dat....

Volkswagen in advanced discussions to buy Europcar for USD 3 billion

German auto manufacturer, Volkswagen Group is reportedly in talks to purchase France-based car rental company, Europcar Mobility Group, in a deal that values the company at USD 3 billion. Europcar has been considering a potential offer at ....

Bamboo Works declares itself as a premium business content provider

Content-centric platform Bamboo Works has officially established itself as a premium business news provider by launching thebambooworks.com. The new platform will primarily be focusing on Chinese firms listed overseas, further bridging the ....

Mamaearth secures Sofina-led USD 50 Mn funding at USD 730 Mn valuation

Popular new-age D2C (direct-to-consumer) personal care brand Mamaearth has reportedly raised USD 50 million in a funding round led by Belgian investment fund Sofina, valuing the company at USD 730 million. The round saw participation from ....

Magic plugs in new investment; raises $27million in Series A tranche

San Francisco-based passwordless authentication technology firm, Magic, has reportedly announced securing USD 27 million in Series A funding round led by Northzone. It has been reported that the first tranche was further headed by the parti....

Porsche, BASF partner to develop high-performing lithium-ion batteries

Porsche AG has reportedly partnered with BASF to develop the next generation of lithium-ion batteries, which would be used in future Porsche electric vehicles worldwide. Cellforce Group, a joint venture between Customcells and Porsche, chos....