Unicorn Companies China

India overtook China by adding 23 unicorns in 2022 while the neighbouring country created 11 such startups with valuation of USD 1 billion or more, according to a report released on Wednesday.

Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world's second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.

Ritesh Agarwal-led Indian hospitality unicorn Oyo, currently the second top unicorn after Paytm and valued at nearly $10 billion (roughly Rs. 70,760 crores) in the country, is reportedly laying off thousands of employees in India and China

According to reports, SoftBank has given Oyo a deadline of March 31, 2020 to phase out contracts or businesses, which are not EBITDA-profitable.The company has a deadline to post positive Earnings before interest, tax, depreciation and amortization (EBITDA) for its self-operated hotels and July as the deadline for positive EBITDA of its ancillary b...

India overtook China by adding 23 unicorns in 2022 while the neighbouring country created 11 such startups with valuation of USD 1 billion or more, according to a report released on Wednesday.

Last week marked a watershed for technology startups in India, as a record bout of fundraising shifted attention to the world's second-most populous market, just as investors were becoming spooked by a crackdown on internet companies in China.

Ritesh Agarwal-led Indian hospitality unicorn Oyo, currently the second top unicorn after Paytm and valued at nearly $10 billion (roughly Rs. 70,760 crores) in the country, is reportedly laying off thousands of employees in India and China

According to reports, SoftBank has given Oyo a deadline of March 31, 2020 to phase out contracts or businesses, which are not EBITDA-profitable.The company has a deadline to post positive Earnings before interest, tax, depreciation and amortization (EBITDA) for its self-operated hotels and July as the deadline for positive EBITDA of its ancillary b...