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NAMA Digest: Developments at Oyo, Twitter, Amazon, YouTube, Facebook and more

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A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. Developments in the digital ecosystem Oyo will pump in $200 million in its India and South Asia business to focus on expansion and customer experience, the company said in a statement. It has also launched Collection O hotels category. Oyo claims that 93% of its current sales are from repeat or word of mouth customers. Facebook has launched Facebook Hubs, a program where startups will be mentored, trained etc across 20 locations in 9 cities - Delhi, Gurgaon, Noida, Bangalore, Mumbai, Hyderabad, Pune, Navi Mumbai and Goa - in partnership with 91springboard, the company said in a statement. T-Series and YouTuber PewdiePie are head to head once again when it comes to subscriber count. For interested readers, there’s even a live YouTube video dedicated to it. Twitter has launched its prototype ‘twttr’ app which bundles old Twitter’s features, and new ones like different colours for replies etc. TechCrunch does a first look. PayU is likely to acquire Wibmo, an online payment processing company, for $50-60 million, reports the Economic Times. Quikr will acquire Zefo, a used goods marketplace, for Rs 200 crore in an all stock deal, reports the Economic Times, citing sources. Zefo will continue to operate independently post acquisition. Kolkata headquartered Metal Scrap Trade Corporation Limited aka MSTC, a government owned ecommerce company, is planning to go the IPO route and raise Rs 226 crore in the process, reports BloombergQuint. Amazon Prime…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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