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2 mins read
OYO founder Ritesh Agarwal announces ESOPs worth ₹130 crore for furloughed employees
Indian hospitality unicorn OYO has allotted ESOPs (employee stock ownership plan) worth ₹130 crore …
2 mins read
OYO is cutting costs in Japan by merging its hotel and rental apartment business
OYO in Japan is merging its hotel business and its rental venture – OYO Life. The merged entity wil…
3 mins read
OYO valuation drops to $8 billion — but it's the smallest drop compared to other major hotel chains
OYO’s valuation has dropped to $8 billion, according to the latest report by Hurun. The Hurun Globa…
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70% of OYO hotels in China have reopened — and bookings are rising slowly, the company says
While 70% of OYO hotels in China are now operational, it plans to open the remaining hotels in the …
2 mins read
Did you know? OYO’s Ritesh Agarwal has a Chinese name
The Indian owner of China's largest chain of hotels, OYO, is not known as Ritesh Agarwal, but as Li…
3 mins read
EXCLUSIVE: OYO sends employees in India on leave without pay for 4 months and announces pay cuts for many
OYO said that some of its employees will be put on ‘leave without pay’ for four months starting …
6 mins read
EXCLUSIVE: Inside Ritesh Agarwal’s family office and its early investments
While Agarwal continues to concentrate on his hospitality venture OYO, Gulati took charge by lau…
3 mins read
OYO Japan saw an occupancy rate of 51% even during the coronavirus pandemic
OYO Japan recorded an average occupancy rate of 51% in the month of March during the coronaviru…
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“Goa may be the new Thailand, ” says Ritesh Agarwal as OYO pivots to a new strategy — ‘driving, and not flying, destinations’
Agarwal said that within the travel industry, aviation is impacted the most. With people not r…
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EXCLUSIVE: OYO brings on board former Starbucks COO Troy Alstead
Indian hospitality unicorn OYO has another addition to its board of advisors – Troy Alstead, former…
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The cost of selling its IPO has eroded nearly all of Nykaa's profit
Beauty and fashion ecommerce platform Nykaa — which wowed the Indian investors with its stellar deb…
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OYO reportedly invokes ‘Act of God’ clause to suspend payments to hotel owners says report
According to the report, OYO in a letter to hoteliers has ‘proposed a revenue share model that s…
6 mins read
Full text of Ritesh Agarwal’s note to OYO employees who are worried about layoffs, losses and other troubles
The offices at hotel aggregator OYO have been tense, thanks to the news of layoffs and losses. Now,…
3 mins read
Exclusive: Income Tax search at Ritesh Agarwal-led OYO’s headquarters in India
More trouble for Indian hospitality unicorn OYO. Income tax officials searched the headquarters of …
6 mins read
Here's how OYO is enabling micro-entrepreneurship and creating crorepatis—many of them are from Gujarat
OYO Hotels & Homes, the world’s second-largest and fastest-growing chain of hotels, homes, ma…
6 mins read
The wedding industry would roughly be at 35% of pre-covid levels in 2021: Sandeep Lodha of Oyo's Weddingz.in
Oyo's Weddingz.in is betting big on tech and customer experience-driven path to recovery
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Bizarre! The more losses Oyo makes, the more valuable it gets
Indian hospitality unicorn OYO, backed by Japanese billionaire Masayoshi Son’s Softbank Vision Fund…
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OYO turns to Masayoshi Son for help in Japan, but SoftBank itself is struggling
However, its dependency on SoftBank (who is also a partner in the Japanese venture) could be l…
3 mins read
Dues, death and an investigation — all that went wrong with OYO hotels in the last 6 months
OYO Hotels & Homes, the Indian unicorn that has gone global seems to be going through a bad tim…
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OYO is struggling in Japan due to coronavirus, but announces a new brand in the country, along with funds for hoteliers
OYO Hotels Japan, a joint venture established in Japan by OYO Hotels & Homes, a hotel venture f…