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Weekly Tech Roundup

SoftBank’s Masa Son (Credit: Vision Fund)
  • Another SoftBank beauty from India-based OyoThe company was found to offer rooms from unavailable hotels, which had the effect of inflating the number of rooms listed on the company’s website. Moreover, thousands of the rooms listed are from unlicensed hotels and guesthouses. To deter trouble from the authorities over the illegal rooms, Oyo sometimes gives free lodging to the police and other officials. The company has also declined to pay hotels the full amounts they claimed they were owed. (NYTimes)
  • The Guild, a real estate startup focused on corporate travel, has raised a $25 million venture round. 
  • WeWork fallout: Softbank’s Vision Fund has walked away from investing in several startups, months after submitting term sheets worth hundreds of millions of dollars and promising that closing delays were only temporary. (Axios)
  • Smart-home products maker, Trifo, has raised a $15 million Series B round. (TechCrunch)
  • Brazilian digital real estate platform Loft announced it has closed an $175 million Series C round. (Crunchbase) 
  • iBuyer startup Perch has raised a $36 million equity round led by Navitas. (TechCrunch)
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