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2 mins read
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 …
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…
2 mins read
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 …
2 mins read
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…
1 min read
OYO's Singapore arm secures $200 million loan from SoftBank
Hospitality major OYO Hotels & Homes' Singaporean subsidiary has received a term loan from SoftBank.
2 mins read
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…
1 min read
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…
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…
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 …
4 mins read
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…
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…
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
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…
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…
1 min read
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
2 mins read
OYO Rooms is the most valuable “hotel chain” in South Asia after Softbank investment
After being valued at between $850-$900 million at the end of last year, OYO Rooms, which was found…
2 mins read
SoftBank Vision Fund 2 fails to raise new funds — Masayoshi Son says the company will now use its own money for investments
“The performance of Softbank Vision Fund 1 is not that great, therefore we decided to invest our…
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…
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…
1 min read
OYO partners with Softbank to create a joint venture for its Japan business
The new venture called Oyo Hotels Japan will be led by Prasun Chaudhary, one of OYO's founding m…