Oyo, once one of India’s fastest-growing tech start-ups, is now rapidly scaling back. In recent weeks, Oyo, a budget hospitality company, has pulled out of dozens of cities, cut thousands of hotel rooms, started laying off employees and slashed other costs as it faced pressure from its biggest investor, the Japanese conglomerate SoftBank, to curb vast operating lo...
News Archives | Page 632 of 1015 | CREtech
Nestio has just announced two exciting organizational enhancements to kick off 2020. Patrick Kennedy has joined the company as VP of Sales and Tyler Christiansen has been promoted to Chief Operating Officer. Patrick joins from Qualtrics, the Utah-based tech giant, and will be working alongside Tyler, industry vet Stephanie Brown and the company’s revenue team to grow the footprint of its nationa...
Do not miss your chance to hear from the most innovative visionaries at CREtech Austin on April 22-23, 2020. Join us as we explore the next frontier in built world tech while you network with the most innovative leaders in real estate and tech. CREtech’s conferences are proven to deliver outstanding ROI for technology companies, VC’s, landlords/developers, asset managers, brokers an...
There is a conundrum between fueling the $87 billion STR market and supporting innovation. The last decade might well be defined as the sharing economy decade. And, leading the pack are short-term rentals. Houston-based Dunyha founder Tanvir Aman recently shared insights on new approaches for short-term rentals and co-living.
Our map shows the top VC investing in tech companies in each state, from Andreessen Horowitz in California to Lerer Hippeau in New York. Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. Using CB Insights data, we...
A Silver Lake Partners-backed real estate data company that is sizing itself up against Moody’s Analytics has purchased a commercial broker software platform. The firm, Lightbox, is attempting to build out a real estate data and information service akin to the Bloomberg Terminal. And it has been on an acquisitions tear over the last year – in 2019, Lightbox acquired four firms, including EDR ...
Markets smack in the middle of the so-called “Silicon Prairie” – including Kansas City and Oklahoma City – top the list of those that may appeal to growing tech companies, followed by markets in the Midwest and the South that have the ability to draw talent and the tech companies looking to hire them. Eroding affordability and relatively lackluster quality of life put the nation’s more-...
Masayoshi Son, founder of Japanese telecom and investment conglomerate SoftBank, has signalled his company’s interest in backing a new technology-infused capital city for Indonesia. Indonesia’s government plans to move the capital city from Jakarta due to overcrowding with over 10 million people, pollution and the fact that it is sinking. The new capital city will be located in a now-forested...
For many employees, the workday starts by swiping a plastic ID card to enter the office. But employers can’t always be sure who’s holding the card. That humble ID badge is starting to be replaced by biometric identification systems, mi...
The bad news just keeps coming for SoftBank. In the past 24 hours alone, two more SoftBank-funded startups are in the news for either confirmed or rumored layoffs: Colombian on-demand delivery unicorn Rappi this week laid off hundreds of employees, according to Axios. And Bloomberg published this morning that discount lodging provider Oyo Hotels reportedly “is firing thousands of staff across C...