Girish Shetti

A writer with a passion for tech, marketing, and sports, he delivers captivating articles for the tech enthusiasts. Girish’s expertise in technology and startup analysis brings insightful content and the latest trends to our readers. He loves being the ‘first’ to know(and write) all that’s happening in the world of Tech and startups.

2,213 articles published

News

Paytm Pledges All Assets to ICICI Bank for Higher Working Capital

A large scale startup like Paytm certainly needs more working capital than a small or midsize startup. The viable solution: pledge all your assets and boost your working capital. This is exactly what India’s largest digital marketing company Paytm has done. Paytm Pledges All Assets to ICICI Bank to borrow Rs 1,400 crore. According to Livemint, Paytm’s…

ByGirish ShettiFebruary 15, 20190Comments

Funding News

Didi Chuxing books ride with Oyo with $100 Mn Funding

Oyo has officially closed the $1 Bn funding round that began few months back after Softbank and Grab together pumped $900 Mn. This after India’s largest hospitality company raised $100 Mn from Chinese ride-hailing giant Didi Chuxing. Didi Chuxing infuses $100 Mn in Oyo According to Economic Times (ET), Didi has invested in Oyo through its subsidiary…

ByGirish ShettiFebruary 14, 20190Comments

News

Fashion e-tailer Zilingo eyes Unicorn Status with latest Funding

Singapore headquartered Zilingo is on the cusp of achieving the coveted status of Unicorn. This after the Southeast Asian fashion marketplace raised $226 Mn in Series D funding round. Sequoia Capital, Temasek, Burda Principal Investments and other investors including existing investors led the round. Singapore based Zilingo raised $226 Mn in Series D round Zilingo will use…

ByGirish ShettiFebruary 13, 20190Comments

News

Swiggy Moves Beyond online Food Delivery Business

Swiggy on Tuesday made a surprise announcement that clearly marked company’s future aggressive strategy for growth. The Bengaluru headquartered company said that it will now soon start delivering home essential products to consumers. These home essential products would mainly include groceries, vegetables, baby care items and medicines. Swiggy will soon start delivering home essential products This will…

ByGirish ShettiFebruary 12, 20190Comments

Funding News

Ola Signs Term Sheet with South Korean Fund to raise fresh funds

Ola is all set to bring another new investor amid its ongoing boardroom battle with SoftBank. According to Economic Times (ET), Ola has signed a term sheet with Mirae Asset-Naver Asia Growth Investment. Mirae Asset-Naver Asia is a South Korean joint venture fund between financial giant Mirae Asset and internet major Naver. Ola Signs Term Sheet…

ByGirish ShettiFebruary 12, 20190Comments

News

Zomato may Divest its UAE Business to Compete with Swiggy

Zomato is in talks to sell its UAE business to German based food delivery firm Hero Delivery, according to sources familiar with the matter. The Gurgaon headquartered firm is likely to rake in $200 Mn-$250 Mn with this deal as it looks to shore up the financial resources to take on its arch rival Swiggy. Zomato…

ByGirish ShettiFebruary 1, 20190Comments

Acquisitions

Oyo Rooms may Foray into Co-working Space with Innov8 Acquisition

India’s largest hospitality company Oyo Rooms is planning to break into unfamiliar territory of co-working space. A report published in the Economic Times (ET) claims that Oyo is in early stage discussion to acquire co-working space company Innov8 for nearly Rs 200 crore. The Gurgaon based company’s decision to enter into the co-working space is…

ByGirish ShettiJanuary 31, 20190Comments

Acquisitions

Paytm Acquires NightStay to enter Hotel Booking Business

India’s largest digital payment company Paytm has made the first acquisition of this year by acquiring hotel booking platform Nightstay for undisclosed amount. The latest acquisition would help the Alibaba backed company to further consolidate its travel business and also mark the maiden entry in the hotel booking category. Paytm acquires NightStay for undisclosed amount to…

ByGirish ShettiJanuary 30, 20190Comments

Funding News

Ola closes Series J Funding round after Raising fresh Capital from Steadview Capital

Continuing with its aggressive fundraising spree, Ola on Friday announced that it has successfully closed the ongoing series J funding round by raising over Rs 520 crore from the Hong Kong-based Steadview Capital. According to Economic Times (ET), the fresh round values the company anywhere between $5.5 billion and $6 billion, which technically makes India’s…

ByGirish ShettiJanuary 11, 20190Comments

Funding News

SoftBank is Increasing investment in WeWork with additional $2 Bn Funding

WeWork is all set to receive an additional $2 Bn funding from existing investor SoftBank, the US-based co-working giant announced on Tuesday. The fresh funding will take SoftBank’s investment in the co-working behemoth to $10 Bn. According to reports, the Japanese investment giant was previously planning to invest whopping $16, which would have made it the…

ByGirish ShettiJanuary 10, 20190Comments

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