Wolff quietly left the startup's board but will continue to advise the company, according to a MondayThe promising startup had received $865 million investment from the SoftBank Vision Fund, backing its bid to use artificial intelligence to help customers build smarter and faster. But the quiet departure of its cofounder is not the first sign of the company's trouble this year.
Katerra has reportedly pulled out of at least six apartment and hotel projects this year, according toMonday: Business Insider reports that four senior executives will leave robotic pizza-making startup Zume, joining a stream of departures. Zume, said to be seeking funding at a $4 billion valuation, raised $375 million from SoftBank.
It also announced a broad reorganization to focus less on selling pizza directly, and more about providing logistics technology for the restaurant business.over the past six months, including its interim chief financial officer and both its general counsel and vice president of talent. Monday: SoftBank helped India-based hotel startup Oyo reach a valuation of over $10 billion. But its expenses have ballooned, and the company's own projections don't see it making money anytime soon, according to a Reuters report.
. Oyo rapidly expanded into China, the United States, the United Kingdom and other markets. Amid that expansion, Oyo's operating expenses have risen exponentially. The company reported a net loss of 23.85 billion rupees in the fiscal year ending in March, up from the net loss of 3.6 billion for the year prior.Tuesday: The dog-walking and pet-sitting startup Wag announced that its CEO is leaving — even as reports indicate that the company is hunting for a buyer.
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