Browsing Tag

Oyo

38 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…

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…
Oyo

OYO reportedly cutting salaries for all employees by 25%, internal memo reveals

Fresh from a lay-off, OYO has now reportedly announced 25% salary cuts…
Oyo

OYO is laying off more in the US, citing coronavirus outbreak as the reason: Report

OYO, which is fresh off from some recent layoffs, is back to…
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 is offering cash incentives to COVID-19 impacted hotels in Japan to get them on-board

The effect of the coronavirus has spared none and plagues even the…
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…