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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…

PTI   


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OYO raised $660 million in debt funding to repay past debts

OYO has raised $660 million in debt from undisclosed institutional investors as the Gurugram-based …

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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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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 …

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The founders of OYO and Zomato pump in money to make edtech startup Unacademy worth $3.4 billion ⁠— a ten fold jump in 18 months

The six-year old startup founded by Gaurav Munjal, Hemesh Singh and Roman Saini, Unacademy…

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OYO's Singapore arm secures $200 million loan from SoftBank

Hospitality major OYO Hotels & Homes' Singaporean subsidiary has received a term loan from SoftBank.

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Former SoftBank country head Manoj Kohli joins WeWork India as an independent director

WeWork India said on Monday that it has appointed Manoj Kohli, former country head of SoftBank Indi…

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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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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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SoftBank expects a $16.5 billion loss for its Vision Fund as its investments see dismal performance

The record loss for FY 20 is because of ‘the deteriorating performance of its tech bets’. Mea…

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SoftBank has $13 billion unspent in India but Masayoshi Son is not betting on his own ‘vision’

Misra also told ET that SVF1 has invested $81 billion so far and has also returned $10.7 bil…

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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…

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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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Masayoshi Son reportedly called OYO's Ritesh Agarwal as "the little brother" of the infamous Adam Neumann who wrecked WeWork

There have been several reports that it was Son who pressurised OYO on the fast growth pha…

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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…

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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…

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Jack Ma is stepping down from the board just as Softbank announced a record $13 billion loss

Ma is stepping down after 13 years on SoftBank's board of directors.

Isobel Asher Hamilton   


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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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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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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…