Tag: Investors

Brazil looking to tax Airbnb, HomeAway like rentals

Looking at ways to increase tax collection, as Brazil performs a tough fiscal adjustment, which is aimed to help the nation's struggling economy, a lot of attention has been paid to Airbnb, SegundoHogar and HomeAway-like services. Unlike what happens in several parts of the world, where

India hotel aggregator raises $100 million

OYO Rooms, an aggregator of budget hotels based in India, has raised $100 million (about Rs 630 crore), led by Softbank Group. Existing investors Greenoaks Capital, Sequoia Capital and Lightspeed India also participated in the round. OYO said it would use the funding for new customer experience projects and technology products. Launched in 2013, OYO has a presence in over 70 cities with more than

Snapdeal round: Another $500 million

Snapdeal, a leading online marketplace in India, has closed on a $500 million investment round from Alibaba Group of China; Softbank, from Japan, and the Taiwanese device maker Foxconn, Re/Code reports. This is the first direct investment in the Indian e-commerce s

Kinnevik raises its stake in Quikr

Swedish investment company Kinnevik has acquired an additional $20 million U.S. (Rs. 127 crore) stake in Quikr, the general classified site in India, through a secondary share purchase. The investment makes Kinnevik the No. 1 shareholder in Quikr. "This purchase is consistent with Kinnevik's goal of owning more of its highest potential companies, and reflects the continued progress of Quikr in wh

Zoopla rewards loyal agents

Eighty-seven percent of Zoopla Property Group (ZPG) agents who bought shares ahead of the group’s listing last year, opted for the ‘exclusive anniversary member offer’. Agents who purchased discounted shares last year, and who still are agents one year later, now have the option to purchase more shares on the IPO anniversary date of June 18 at the same, fixed pr

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