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5 mins read

OYO bags a $7.4 million cheque as pandemic forces Ritesh Agarwal to reimagine the business

Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a seri…

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3 mins read

OYO vs Zo – Zostel claims victory while the Ritesh Agarwal-led firm says there’s still room to win

After a three-year long battle, the legal verdict on OYO Hotels and Homes and Zo Hostels is out, bu…

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2 mins read

OYO’s Ritesh Agarwal and Nothing’s Carl Pei invest in Dukaan’s $11 million round of funding

Dukaan, an app that helps small offline merchants set up online stores, has raised $11 million, at …

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2 mins read

Edtech platform Yellow Class raises $6 million in a funding round led by Elevation Capital

Edtech startup Yellow Class has raised $6 million in a Series A round led by Elevation Capital, wit…

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2 mins read

Mobikwik IPO is not happening this quarter

Indian payment service provider Mobikwik will not be heading for its initial public offering (IPO) …

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1 min read

Microsoft is in advanced talks to invest in OYO at a valuation of $9 billion, say media reports

Satya Nadella-run Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel cha…

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8 mins read

This Tata group stock doubled investors money in just six months

Shares of Tata Investment Corporation have been rallying this year so much that it doubled in the l…

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2 mins read

Credit Fair, which offers loans to Indians without credit score, has raised $15 million in seed

Consumer lending fintech startup Credit Fair raised $15 million as a part of its seed funding round…

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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…

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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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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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2 mins read

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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2 mins read

OYO's valuation climbs again — hits $9 billion after its latest fundraise of $7 million

With over 50 products and more than 500 microservices, the company plans to utilise the capi…

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2 mins read

OYO founder Ritesh Agarwal admits the share buyback in 2019 was ‘bad timing’

Agarwal in the interview also said that his current share percentage at OYO gives him a net …

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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…

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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…

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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 …

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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…

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2 mins read

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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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…