Tag Archives: Expansion

Oyo plans job cuts amid worries over aggressive expansion plan

In the past month, homegrown¬†hotel startup Oyo¬†has replaced the chief executive officer of its new real estate business, received a host of complaints from hotel partners and witnessed the exit of a joint venture partner in the home market of its largest investor, SoftBank. Now, Oyo plans to cut jobs in India to reduce costs ahead of an expected slowdown ... Read More »

Nokia 9 FCC Listing Hints at HMD Global US Expansion Plans

Nokia 9, which has previously been spotted with the codename ‘HMD Global TA-1004’ on benchmark websites as well as on a leaked official teaser video, has now made an appearance on the FCC website. The FCC listing is a significant development since this means HMD Global – the custodians of the Nokia mobile phone brand – is looking to launch ... Read More »

Hugo Barra, Xiaomi’s Global VP, Is Leaving the Company in February; Senior VP Xiang Wang to Lead Global Expansion Now

Hugo Barra, Xiaomi’s Global Vice President, is leaving the Chinese smartphone brand to return to Silicon Valley after a three and a half year stint at the company. He had been the face of the company and played a crucial role in Xiaomi’s growth as a prominent name in the highly competitive smartphone market. Before joining Xiaomi, Hugo Barra was ... Read More »

Qualcomm Design in India Challenge II Announced Alongside Local Expansion Plans

Global chip maker Qualcomm on Tuesday announced investment of $8.5 million (roughly Rs. 57.7 crores) for expansion of its design initiatives in India, which would primarily include funding its Innovation Labs at Hyderabad and Bangalore. A portion of the investment earmarked for design initiatives will also be utilised for its Design in India Challenge 2017, a programme that nurtures promising ... Read More »

SelfDrive.in Plans to Raise $6 Million for Expansion in Next 6 Months

SelfDrive.in, the Pune-based online self-drive cab operator, is planning to raise $6 million (roughly Rs. 40 crores) from venture capitalists over the next six months to fund expansion into Delhi, Bengaluru and Hyderabad. “We are talking to a couple of venture capitalist funds to raise around $6 million over the next six months as we look to enter Delhi, Hyderabad ... Read More »

Uber Racked Up Big International Losses During 2014 Expansion

The international business of Uber, the US-based ride-hailing service, lost $237 million in 2014, a big increase on a deficit of $31.9 million the previous year, as the company expanded around the globe. The figures, the latest available, were disclosed in an official filing lodged with the Dutch Chamber of Commerce last month. Uber’s international headquarters are in Amsterdam. Although ... Read More »