EDITIONS
Daily Capsule

OYO gets $100M from Didi Chuxing; Paytm Money now integrated with Paytm Payments Bank

Team YS
15th Feb 2019
5+ Shares
  • Share Icon
  • Facebook Icon
  • Twitter Icon
  • LinkedIn Icon
  • Reddit Icon
  • WhatsApp Icon
Share on


Chinese ride-hailing giant Didi Chuxing has invested $100 million in Delhi-NCR-based hospitality chain OYO, it announced. In November 2017, OYO had forayed into the China market by partnering with Didi Chuxing. A year on, OYO is present in 171 cities in China with over 87,000 rooms. The latest investment, media reports say, will be used for OYO’s China business and its India operations. This isn’t Didi Chuxing’s first investment in an Indian unicorn. In 2015, it made an undisclosed investment in ride-hailing service provider Ola.


Ritesh Agarwal, Founder and CEO of OYO

Ritesh Agarwal, Founder and CEO of OYO



From constructing a friend's house to building a Rs 220 crore business


Who would’ve thought building a friend’s house would lead to a Rs-220-crore business? Read the inspiring story of Bengaluru-based Ramji Subramaniam, the founder of Sowparnika Projects, as he talks about working for General Electric, and using the Six Sigma qualification to try his hand at construction and real estate. Today, Sowparnika Projects, an affordable real estate company, claims more than 35 completed projects, 30 ongoing projects, over 6,000 customers, and a strong presence in the three states of Karnataka, Tamil Nadu, and Kerala.




Paytm Money integrates with Paytm Payments Bank


Paytm Payments Bank announced its 42 million customers will now be able to invest in mutual funds through Paytm Money following an integration of the two. This will now allow the bank’s users to make their account the primary bank account on Paytm Money, and it will be the default choice for investment and redemption of mutual fund investments. Paytm Money recently enabled mutual fund investment through UPI, a Register SIP Now and Pay Later option, consolidation and tracking of all mutual fund investments, among other features.


Paytm director and founder

Pravin Jadhav (left), Whole-time Director, Paytm Money with Vijay Shekhar Sharma, Founder & CEO, Paytm



Sandipan Chattopadhyay and the culture of redundancy


At YourStory’s Future of Work conference, Sandipan Chattopadhyay spoke on the culture of redundancy and its importance in the growth of a company or startup. Sandipan is the tech brain behind Justdial, Tata.com, MoneyControl.com and is the co-founder of the youngest startup to launch its IPO – Xelpmoc Design and Tech. Sandipan explained redundancy as, “the continuation of something despite and inspite of elements present or absent.” The cycle of redundancy, he explained, helps people grow at every level.

  



A catch-up with Delta's founder on the first V-Day after scrapping Section 377  


This is the first Valentine’s Day after the Supreme Court ruled Section 377 does not apply to consensual homosexual sex. To celebrate the feeling of #LoveisLove, we caught up with the founder of India’s homegrown LGBTQIA friendly dating app. Delta was launched in April 2018, and since then has grown to about 65,000 active users on its platform. Ishaan explains how Delta isn’t just a dating app, but a safe space for the LGBTQIA community, offering counseling, support, and more.


Delta app founder

Founder of Delta app, Ishaan Sethi


Now get the Daily Capsule in your inbox. Subscribe to our newsletter today! 





5+ Shares
  • Share Icon
  • Facebook Icon
  • Twitter Icon
  • LinkedIn Icon
  • Reddit Icon
  • WhatsApp Icon
Share on
Report an issue
Authors

Related Tags