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1 min read
Founder Ritesh Agarwal invests Rs 830 crore in OYO's latest funding round; Platform raises Rs 1,457 crore
Post the equity dilution in the Series G funding, Agarwal's holdings will increase from 29.97 per…
PTI
2 mins read
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…
PTI
2 mins read
Consumers are taking more shorter trips through the year says OYO
Indian travelers have now switched to more frequent shorter domestic trips instead of planning elab…
2 mins read
Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'
Fitch Ratings on Wednesday said it has revised the outlook on Oravel Stays Ltd's (OYO) long-term fo…
PTI
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 …
1 min read
OYO rolls out a discount for Mumbai’s stranded commuters as the city stays on orange alert till July 14
Heavy showers in India’s financial capital lead to water-logging at a number of places including…
2 mins read
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
As hospitality major OYO firms up plans for its initial public offering (IPO), financial services c…
3 mins read
Has IPO-bound OYO regained trust of its hotel partners?
The company has recently been affected by some of its hotel partners publicly complaining, filin…
1 min read
Road to IPO for OYO Rooms is clear as Delhi HC rejects Zostel's plea that restrained the IPO
Justice C. Hari Shankar dismissed the plea of Zostel, seeking an interim order to restrain or in…
3 mins read
August has a long weekend and Indian consumers are packing their bags to travel to Goa and Bali
Goa is where everyone’s headed for the long weekends in August.
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…
2 mins read
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…
4 mins read
The owner of Oberoi and Trident defers results triggering a sell-off in India's hotel stocks
However, EIH is not alone. Chalet Hotels, which runs the premier hotels – Marriot, Hyatt and Nov…
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’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 …
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 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…
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 …
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…