TravelTech
OYO to Add SoftBank Sumer Juneja to Board: Strategic Move
The Oyo parent, Oravel Stays Ltd, is reported to add SoftBank Sumer Juneja to its board. Sumer Juneja, the managing partner and head of EMEA & India Investing at SoftBank Vision Fund, expected to join as a non-executive director. This appointment, however, is subject to shareholders’ approval at an extraordinary general meeting (EGM). The Potential […]
Zoomcar President Adarsh Menon Resigns From The Designation
In a surprising turn of events, Zoomcar President, Adarsh Menon, has stepped down from his position within just six months of joining the company. This move comes hot on the heels of the termination of Zoomcar’s cofounder Greg Moran from his role as CEO last month. The sudden departure of Menon raises questions about the […]
Ola Maps: Bhavish Aggarwal Offers Free Access to Developers
Ola CEO, Bhavish Aggarwal, has made a significant announcement about Ola Maps aimed at developers worldwide. In a recent move, Aggarwal has urged developers to move away from Google Maps and embrace Ola’s Maps instead. This strategic decision comes with an enticing offer: one year of free access to Ola Maps on the AI-driven Krutrim […]
Ola Cabs Shifts to In-House Ola Maps and Exits Google Maps
Recently Ola Cabs made a significant decision of existing Google Maps for shifts to its in-house Ola Maps. This move marks a new chapter in Ola’s journey towards self-reliance and innovation. Cost Savings and Efficiency The decision to switch to Ola Maps comes with substantial financial benefits. Bhavish Aggarwal (CEO Ola Cabs) reported that this […]
ixigo Shares Grew 7.7% After Impressive FY24 Earnings Report
ixigo shares seen a grew on Friday, with prices climbing 7.7% to INR 176.55 during intraday trading on the BSE. This significant rise reflects investor confidence following the company’s impressive FY24 earnings report. On Thursday, ixigo announced that its net profit had more than tripled year-on-year, reaching INR 73.1 crore. Additionally, the company’s operating revenue […]
ixigo FY24 Profit Jumps Over 200%, Train Bookings Lead Revenue
In the FY24, ixigo experienced a remarkable financial performance, with profit surging over 200% to INR 73.1 Cr. This impressive growth highlights the company’s strategic successes and the growing popularity of its services. Operating Revenue Growth In FY24 there was a hike seen in the revenue of ixigo, it increased around 31% from INR 501.2 […]