Browsing Tag

oyo rooms

39 posts

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…

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

OYO to merge its hotel and residential units business in Japan

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

OYO invokes “force majeure” clause, ceases all payments to partner hotels: Report

After OYO raised concerns over declining business last week, asking its partner…
Oyo

OYO warns partner hotels of disruption in payment cycle due to Coronavirus outbreak

It is no hidden truth, that the impact of ongoing COVID 19…
Oyo

Oyo makes lay offs official, over 5,000 fired globally amid profitability rush

Oyo is making its rumoured lay-offs, official. The company announced today, that…
Oyo

Oyo revenues surge to $951M in FY 2019, losses grow six fold to $335M amid China expansion

Oyo hotels and homes private limited, the parent company that owns and…
Oyo

OYO lay offs reach US, over 350 employees being let go across multiple verticals: Report

Oyo lay-offs, something that has been on a rise for some time…
Oyo Logo

OYO appoints Ankit Gupta as COO & SVP of Frontier Businesses

OYO has been making major changes to its senior management and in…

OYO to reportedly lay off 2000 employees by February 2020

OYO, the multi-billion dollar Indian hotel aggregator upstart, may finally be showing…
Oyo

Oyo plans a fresh $1.5Bn Series F round, founder Ritesh Agarwal to put nearly half of that via pledged shares

In a major bet, perhaps one of the biggest in terms of…

Cybersecurity expert gets access to past booking details of an OYO property through WiFi login page

A cyber-security researcher named Jay Sharma has reported an alarming security breach…
Oyo

OYO acquires Danish data science firm Danamica for $10 million

OYO, on Monday, announced the acquisition of Danamica, a Danish data science…
Oyo

OYO to invest €300 million in its OYO Vacation Homes business in Europe

OYO said on Wednesday that it will invest €300 million ($334 million)…
Oyo

Oyo founder Ritesh Agarwal will buy back shares in the company in a $2Bn round

Confirming previous reports, Oyo founder Ritesh Agarwal, via Cayman Islands-registered company RA…
Oyo

Oyo founder Ritesh Agarwal plans $1.5B share buy back from early investors : Report

In a move aimed at increasing control over the company, Oyo founder…
Oyo

Oyo’s $1Bn round comes to a close with fresh $100Mn from Didi Chuxing

Oyo’s fund-raising rally shows no signs of stopping. The budget hotel startup…
Oyo

Singapore’s Grab could invest $100 million in OYO

Singapore-based ride-hailing upstart Grab, is reportedly in talks with Oyo for investing…
oyo

Oyo to hire 5,000 people in the next eight months to expand on its ‘Townhouse’ model

Gurugram-based Oyo Rooms plans to hire 5,000 people over the next eight…
oyo

Oyo Rooms close to raising $250Mn from SoftBank for its international expansion plans

Oyo Rooms, India’s largest budget hotel chain, is reported to be on…
oyo

Oyo Rooms plans to raise $300-500 million funding via SoftBank Vision Fund

Oyo Rooms is reportedly in talks to raise around $300-500 million in…