Startup Saturday: These Indian Startups Catch Softbank's Eye & Oyo Receives IT Notices
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Four startups' news you cannot miss:
1. 2019 doesn't sound as promising for Oyo as 2018. The hospitality unicorn has received notices from the income tax department for furnishing inaccurate data regarding their income.
2. Byju's eyes the global market. In its biggest purchase till date, the edtech start-up has acquired US-based learning platform Osmo for $120 million.
3. Indian start-ups FirstCry and Dellivery catch Softbank's eye. The Japanese investment giant plans to invest $400 million in the mother care product and acquire around 38% stake in Delhivery.
4. E-commerce players, beware! The competition is about to get fierce. Mukesh Ambani's Reliance Retail and Reliance Jio Infocomm are jointly planning to launch a new ecommerce platform.
Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.