Startup Saturday: Oyo's New Year Gift for Employees & MobiKwik's Revenue Jump
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1)While the entire world was celebrating the New Year, Oyo employees got ready for their own party. The hotel aggregator’s board has approved its first Employee Stock Ownership Plan (ESOP) for 250 employees worth $7 million.
2)2018 was indeed a year of start-ups. From Flipkart acquisition by Walmart to Swiggy’s mega fund raise of $1 billion, Indian start-ups have reportedly raised $38.3 billion in funding in the past year.
3)The year worked well for digital payment company MobiKwik. Despite the swelled losses from 2017, the startup has posted a near-twofold jump in revenue in fiscal 2018.
4)India is already to get its first cancer technology incubator. It will be launched at the Kerala Technology Innovation Zone in Kochi.
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