Oyo is expected to create a total wealth of about $668 million (about ₹5,000 crore) for its employees based on a post-IPO valuation of $10 billion.
Published on Oct 05, 2021 07:55 AM IST
Livemint | By Ankit Agarwal, New Delhi
- The filing with the capital markets regulator is the latest example of a rush to tap the public markets by Indian unicorn startups.
Updated on Oct 02, 2021 04:48 AM IST
By Ranjani Raghavan, Ravindra Sonavane, Mumbai
The hotel aggregator's move comes at a time when travel restrictions are being eased across the world.
Published on Oct 01, 2021 12:34 PM IST
- Oyo is looking to raise $1.2 billion from its public issue, the two people cited above confirmed.
Published on Sep 24, 2021 04:59 AM IST
Livemint | By Tarush Bhalla, Ranjani Raghavan, Mumbai
Last week, shareholders of Oravel Stays, the parent company of hospitality firm Oyo, had approved the conversion of the company from a private limited company to a public limited company, according to a regulatory filing.
Published on Sep 23, 2021 10:33 AM IST
By hindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi
- According to the documents filed by the company with the ministry of corporate affairs, Oyo has sold Series F2 compulsory convertible cumulative preference shares to Microsoft.
Published on Aug 21, 2021 12:38 AM IST
By Payal Ganguly, Hindustan Times, New Delhi
Oyo raised a term loan B (TLB) funding of $660 million from global institutional investors and it will use the capital to pay off debt and for other business investments.
Published on Jul 31, 2021 12:09 PM IST
By hindustantimes.com | Written by Meenakshi Ray, New Delhi
- According to the firm, the proposed issuance was subscribed 1.7 times as it received commitments of close to $1 billion from leading institutional investors.
Published on Jul 16, 2021 11:53 PM IST
By Tarush Bhalla, Livemint, Bengaluru
While new tech-based companies created new categories of businesses, the Covid-19 pandemic has only ensured that many more segments of business are conducted online, and startups in the area proliferate into new territories.
Updated on May 24, 2021 06:31 AM IST
By Vineet Sachdev, New Delhi
Meanwhile, OYO said it has challenged the order against its subsidiary OYO Hotels and Homes Pvt Ltd (OHHPL) in the National Company Law Appellate Tribunal (NCLAT).
Published on Apr 07, 2021 02:41 PM IST
PTI | , New Delhi
Aul Kulkarni, a resident of Vadgaon Budruk, had lodged a complaint with the consumer forum last year as regards his trip to Kerala.
Updated on Feb 16, 2021 04:45 AM IST
By Nadeem Inamdar, Pune
Oyo’s ongoing shift from a minimum business guarantee model to a revenue-sharing one requires fewer people, said one of the two people cited above, both of whom spoke on condition of anonymity.
Published on Dec 09, 2020 06:50 AM IST
Livemint, Bengaluru | By Tarush Bhalla and Madhurima Nandy
The case was registered by Dera Bassi police after Chandigarh businessman Vikas Gupta alleged that Oyo Hotels and Homes Private Limited top management had illegally terminated an agreement with him
Updated on Sep 14, 2020 11:30 PM IST
Hindustan Times, Chandigarh | By HT Correspondent, Mohali
Several startups laid off or furloughed employees and contract staff in April and May, besides imposing salary cuts to save cash, with revenues taking a hit.
Updated on May 18, 2020 08:36 AM IST
Hindustan Times, New Delhi | By Salman SH
Reports suggest thousands of Oyo employees have been placed on furloughs and leaves for nearly 2 to 3 months as the company fights to weather the coronavirus pandemic.
Updated on Apr 16, 2020 01:11 PM IST
In an internal mail to the employees of OYO in India and South Asia, the company’s founder and Group CEO Ritesh Agarwal said that asking some of the colleagues to move to a new career outside of OYO has not been an ‘easy decision’.
Updated on Jan 13, 2020 06:40 PM IST
New Delhi | By Press Trust of India
Police ruled out any foul play as the bathroom where the teenager, Priyanshu Kumar, died was locked from inside. The hotel staff broke open the door after his roommate raised an alarm upon hearing his screams.
Updated on Oct 17, 2019 11:24 PM IST
As the Softbank-backed startup pushes toward profitability, an increasing number of Indian hotel operators who have partnered with it are complaining about being blindsided by fee increases.
Updated on Oct 08, 2019 06:46 AM IST
Bengaluru | By Reuters
Japanese banks Mizuho Financial Group Inc. and Nomura Holdings Inc. are bankrolling Agarwal’s share acquisition, according to people familiar with the deal. He is buying some of those shares from Sequoia and Lightspeed
Updated on Oct 07, 2019 07:43 PM IST
Bloomberg, Bangalore | By Saritha Rai
Ghosh said at his company, a lot of data and science went into understanding what the customer wants.
Updated on Sep 20, 2019 08:48 PM IST
New Delhi | By HT Correspondent
Earlier in June, Oyo had announced its plan to invest $300 million in the U.S. Currently, there it has over 112 Oyo Hotels in more than 60 cities and 21 states in the U.S.
Updated on Aug 24, 2019 09:26 AM IST
Livemint, Bengaluru | By Deepti Chaudhary
When contacted, an Oyo official said “while there are no developments that we can confirm at this point, we look forward to the opportunity to engage with relevant stakeholders”.
Updated on Jul 28, 2019 10:39 AM IST
Hindustan Times, New Delhi | By Amandeep Shukla
The company has already raised $800 million, and has further commitment of $200 million, OYO said in a statement.
Updated on Sep 25, 2018 02:37 PM IST
New Delhi | By Press Trust of India
OYO is entering Britain’s economy hotel segment, which is led by Whitbread’s Premier Inn chain
Published on Sep 19, 2018 05:52 PM IST
London | By Reuters