Browsing Tag

Oyo

43 posts

Oyo buys US motel chain ‘Motel 6’ from BlackStone for $525Mn

Oyo, the Indian hotel aggregator upstart that recently turned profitable and has…

Oyo gets $175mn from founder Ritesh Agarwal and others, valuation sees steep drop

Oyo, the hospitality firm that includes a vast network of budget accommodations,…

Oyo going for fresh fundraise at $2.5Bn valuation, down from peak of $10Bn: Reports

Oyo, one among the many poster children of Indian startup ecosystem, is…

OYO posts first annual profit of nearly ₹100 crore in FY24

Oyo, the Indian budget friendly hotel aggregator upstart, has finally swung into…

Oyo withdraws IPO papers again, aims to raise money via bonds, equity financing in a down round

Indian budget hotel aggregator Oyo has withdrawn its initial public offering (IPO)…

China’s H World Group sells 0.15% stake in India’s OYO in private market

In a strategic move, Chinese hospitality giant H World Group Ltd sold…

IPO-bound OYO reportedly turned cashflow profitable in Q4 2023

Hospitality major OYO turned cash flow positive for the first time, noted…

Oyo slashes IPO size by half, files a revised ‘pre-filing’ document with SEBI: Report

Oravel Stays, the parent firm of Softbank-backed hospitality decacorn Oyo, has pre-filed…

SoftBank hits new low, logs record loss as tech shares plummet, Vision Fund bets falter

SoftBank has failed to hit the spot on 32 out the 34 total companies on their portfolio, including major ones such as Grab and recently IPOed Paytm.

Oyo may be valued at $9 billion in upcoming IPO: Report

Oyo isn’t a new name in the Indian unicorn circles. It grew…

Oyo files for $1.16Bn IPO, reportedly seeking $12Bn valuation

Ritesh Agarwal’s Oyo, which has been struggling ever since the pandemic hit…

Oyo aims for $1-1.2 billion IPO, may file DRHP next week: Report

2021 has already shaped up to be golden year for India’s top…
Oyo Logo

Oyo and Microsoft team up to develop travel tech powered by Microsoft Azure

The pandemic has been detrimental for the hospitality industry as people were…
Oyo

Oyo in talks to raise strategic investment from tech giant Microsoft: Report

Hospitality firm Oyo is currently in talks to raise a strategic round…

OYO raises $660 million debt fund to clear past debts and strengthen balance sheet

Hospitality and hotel aggregation platform OYO Hotels and Homes, on Friday, revealed…

NCLAT orders scrapping of corporate insolvency case against OYO

In what is good news for hotel aggregator platform OYO Hotels &…
Oyo

OYO shortens work week to 4 days, allows employees to avail infinite no-reasons-asked paid leaves till July

In a bid to protect its employees and customers from the raging…
Oyo

OYO stuck in legal tussle after creditor files corporate Insolvency charges

OYO Hotels and Homes currently finds itself in the midst of a…
Ritesh Agarwal OYO

OYO has a billion dollars in cash to fund operations, according to CEO Ritesh Agarwal

OYO, one of India’s top startups was one of the companies that…
Oyo

OYO to merge its hotel and residential units business in Japan

OYO Japan announced that it will be consolidating its two units –…