Oyo’s IPO filing; Facebook official grilled in US senate

Oyo Hotels & Homes, India’s third-highest-valued private startup, has filed its draft IPO papers with the capital markets regulator. It seeks to raise about $1.2 billion, mainly by issuing new shares.

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ETtech Deals Digest: The unicorn stampede

India minted another unicorn this week with edtech platform Vedantu becoming the 28th startup in 2021 to enter the coveted club of companies with a valuation of $1 billion or more.

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Oyo IPO details: The DRHP, decoded

Oyo Hotels & Homes, officially called Oravel Stays Ltd, plans to raise Rs 8,430 crore in an initial public offering (IPO), draft papers of which were filed with the Sebi today. Here’s a look at the key Oyo IPO details.

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Zerodha’s Nithin Kamath cautions investors on crazy valuations of brokerages

“I am pessimistic about the valuations of brokerages around the world, including that of Zerodha. This is because the performance of broking is directly tied to market performance. If people aren’t making money or there is no greed, activity usually drops off a cliff,” Kamath said

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WeWork launches Growth Campus; to invests $3 million in Indian startup ecosystem

Growth Campus will offer local startups access to WeWork spaces at highly subsidised rates. The initiative is available to the entire startup ecosystem, including members, accelerators, incubators, investors and enterprises.

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India asks US federal court to dismiss petition by Deutsche Telekom

India, in a submission to the United States District Court for the District of Columbia last week, said that there was a unique provision in the bilateral treaty between India and Germany that mandated such matters can only be adjudicated by courts in the respective jurisdictions.

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Facebook research shows company knew of Instagram harm to teens, senators say

The hearing in front of the Senate consumer protection subcommittee was called after the Wall Street Journal published several stories earlier this month about how Facebook knew Instagram caused some teen girls, in particular, to feel bad about their self-image.

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