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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 …
3 mins read
EXCLUSIVE: OYO’s new employee initiatives — weekend curfew with no calls or Slack messages, a surprise holiday, and discounted Curefit membership
Indian hospitality unicorn OYO has announced several initiatives to help its employees deal with an…
2 mins read
OYO takes first step towards a $1.2 billion IPO, reportedly appoints 3 investment banks
The development was reported by Moneycontrol citing industry sources, who also highlighted that …
2 mins read
OYO is looking to hire over 300 engineers in the next 6 months to clear ‘path to profitability’
OYO claims to be headed for the “path to profitability” by doubling down on its tech and product te…
2 mins read
OYO joins the string of startups that are permanently leaving office spaces to reduce real estate costs
Indian hospitality unicorn OYO has just announced that it is permanently shifting to a hybrid workp…
4 mins read
Ritesh Agarwal imagines robots at OYO hotels while wondering when India will travel again
Will India travel again? The answer is a resounding yes! However, the one question we do not have a…
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 is beefing up its board of directors – the second board appointment this year is a former FBI consultant
Indian hospitality unicorn OYO has announced the 8th addition to its board of directors. The compan…
2 mins read
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 …
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…
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 …
2 mins read
“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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OYO to offer free stay to doctors and healthcare professionals in the US, says Ivanka Trump
Indian hotel chain OYO Hotels & Homes is offering free stay to doctors and healthcare providers…
2 mins read
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
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…
2 mins read
OYO now plans to layoff 2,000 employees, the company says it may ‘replace some candidates’
Yet, OYO continues to maintain that it is one of the “best places to work”. "OYO continuousl…
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 …
3 mins read
After selling their previous startup to Quikr, Zefo founders are building an OYO for hospitals
Ayu Health, founded by Himesh Joshi, Arijit Gupta, and Karan Gupta in 2019, currently works with…
2 mins read
OYO’s Ritesh Agarwal tells Donald Trump he will invest $2 billion in the US and partner with Ivanka Trump
OYO founder Ritesh Agarwal was the only startup founder to meet US President Donald Trump during th…
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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…