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OYO withdraws DRHP, to refile IPO post refinancing: Sources

Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its de…

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SBI’s former chairperson Rajnish Kumar joins OYO’s board ahead of IPO

Hotel and hospitality firm OYO — which is expected to go for an initial public offering (IPO) soon …

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5 mins read

IPOs pick up steam in last three months of 2022 – Strong pipeline likely to propel listings in 2023

The primary markets have turned optimistic since September, compensating for a lull in initial publ…

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6 mins read

India's largest two-wheeler maker, biggest beer brewer and aluminum producer are smaller than startups like Byju's, Paytm, and OYO

Byju’s, Paytm, OYO and Ola are currently valued higher than Ashok Leyland, Indian Hotels and Escort…

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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 …

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3 mins read

Ritesh Agarwal-led OYO files preliminary papers for its $1.2 billion IPO

According to documents seen by Business Insider, the Gurugram-based startup aims to raise ₹7,000…

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OYO’s valuation nears $10 billion with Microsoft’s $5 million investment

Global tech giant Microsoft has invested $5 million in hotel and hospitality business OYO, reported…

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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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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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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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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…

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6 mins read

The curious case of companies which command high valuations with low revenues

The Burgundy Private Hurun India 2022 list includes 61 companies with sales of less than 1,000 cror…

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3 mins read

OYO may file for a $1 billion IPO next week

Business Insider has reached out to OYO, seeking comments on the same. According to media r…

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4 mins read

Here's what Airbnb's co-founder had to say about OYO before the deal was announced

Both companies are looking at opportunities to collaborate on a range of projects, including mak…

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5 mins read

IPO demand may pick up in the second half of FY24 after macro headwinds settle

Volatile market conditions that have raised concerns over frothy valuations, along with strict regu…

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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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IPO-bound Pine Labs raises another $100 million

Payment solutions provider Pine Labs, which is headed for an initial public offering (IPO) in the U…

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1 min read

OYO has trimmed its losses and here’s how it plans to add more rooms, enhance customer experience

"We have been doubling our revenues year-on-year and within this year we will continue to gro…

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6 mins read

Indian economy to recover faster than developed markets – Nifty50 may end 2023 at 19,500

Even if the world slips into a recession, India is expected to see much lower contraction in eco…

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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…