Oyo, a start-up that offers budget hotel rooms, has grown into one of India’s most valuable private companies and aims to be the world’s largest hotel chain by 2023. But at least part of Oyo’s rise in India was built on practices that raise questions about the health of its business, according to financial filings, court documents and interviews with 20 curren...
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“Infinite learner” is a concept that has always driven me. This philosophy helped to consistently push me outside of my own comfort zone into new territories. It has provided me with a lifetime of growth opportunities, both personally and professionally. And it has served me incredibly well as I have traveled further than I ever imagined in so many ways.
HomeLane, a Bangalore, India-based furniture company, raised $30m in Series D funding. The round, which brought total funding raised to date to $46m, was led by Evolvence India Fund (EIF), Pidilite Group and FJ Labs with participation from existing investors Accel Partners, Sequoia Capital and JSW Ventures. The company intends to use the funds to expand operations and its business reach to other...
A sister company of Google has new ideas about how to automate distribution centers. X Development, the experiment and idea-focused subsidiary of Google parent Alphabet Inc., filed two patent applications at the U.S. Patent and Trademark Office in the past week, Supply Chain Dive reports. Both applications describe robots designed to analyze the position of items in a warehouse and, if need be, ...
For VCs, 2019 was a year filled with more high-profile public offerings than ever before. But as 2020 begins, it's the unicorn IPO that didn't happen—the one that instead turned into a truly spectacular failure—that's still on the tip of everyone's tongue. The collapse of WeWork shook up Silicon Valley, and it will likely mean elevated levels of scrutiny for any unicorn that's planning to go ...
WeWork’s crash last year was a sign of what is to come for technology companies. Venture capital funds—whether due to WeWork, the handful or failed tech IPOs in 2019 or simply changing market trends—will now want evidence of profitability, not just growth and market share. This is a turnaround for tech companies, which have focused on rapid growth and expansion first.
“Venture capital w...
Realized, a tech platform that provides investment property wealth management, recently introduced its Qualified Opportunity Zone marketplace. The marketplace is a new platform that allows investors to compare Qualified Opportunity Zone/QOZ investments and provide greater access to a broader selection of QOZ investment funds. The launch represents the firm’s latest move to integrate modern port...
Privacy at home is something most people take for granted. But the home has become the latest frontier in data harvesting for big tech companies. Smart speakers, app-activated thermostats and internet-connected everything else are scooping up information that could prove valuable to product designers, advertisers, governments and law enforcement. A range of interest groups, from civil liberties or...
The world is becoming ever more connected with each passing day, and while smart devices within smart homes are now an accepted and ingrained part of society, the idea of smart cities remains a somewhat maverick concept full of potential perils which require extensive contingency plans – but they are inevitable. In fact, spending on smart cities currently stands around £81 billion. However, in...
When Facebook was searching for another New York office, one big enough to fit as many as 6,000 workers, more than double the number it currently employs in the city, it had one major demand: It needed the space urgently.
So after the company settled on Hudson Yards, the vast mini-city taking shape on Manhattan’s Far West Side, e...