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3 mins read
It's not just Zostel, OYO has 20 other lawsuits to fight
OYO — in its DRHP for the $1.2 billion IPO — had noted that the number of legal disputes, lawsuits …
3 mins read
OYO IPO now faces a hurdle from a hotels lobby with 55,000 members, aside from Zostel
The Federation of Hotel and Restaurants of India (FHRAI) — which claims to have over 55,000 hotels …
2 mins read
OYO writes to SEBI, denying all allegations raised by Zostel
OYO's parent firm Oravel Stays has refuted all 'allegations' made by Zostel Hospitality, which had …
PTI
2 mins read
Yahoo ends JV with OYO Life in Japan within 8 months after complaints from real estate owners
As per the report, Yahoo bought 30% shares in OYO’s subsidiary company in Japan – OYO Life in Ma…
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
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 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
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 …
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…
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…
2 mins read
OYO aims to create a safe online environment for women with its latest initiative
OYO is addressing all lewd comments on its social media platforms directed towards women tactfully.
5 mins read
Inside OYO’s offices — how a 'high pressure' work environment broke a promising startup brand
When numbers become the defining metric, quality may suffer. “OYO when it enters a market want t…
3 mins read
OYO claims it has turned around its Japan business – calls 2020 ‘the year’ to focus on profitability
It has been a difficult year for the Indian unicorn OYO. From laying off hundreds of employees acro…
2 mins read
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…
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…
2 mins read
We don't Work under Softbank's guidance, insists OYO Board member
However, there have been rumours in the market that its investor Softbank has been to turn towar…
2 mins read
OYO reveals numbers to show that the cash burn had reduced sharply even before the mass layoffs
Indian hospitality unicorn OYO says that its revenue grew more than four times in the year ending M…
2 mins read
OYO makes room for love with a 90% jump in bookings for Valentine’s Day
The troubled OYO, which has laid off thousands of employees while complaints from hotel owners are …