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OYO CEO Ritesh Agarwal’s advice to young founders: ‘Make mistakes often but…’

OYO CEO and Shark Tank judge Ritesh Agarwal's advice to young founders received appreciation from X users. A few also praised his company.

The image is taken from an episode on Shark Tank India where OYO CEO Ritesh Agarwal spoke with two young founders. (X/@riteshagar)
Published on Mar 20, 2024 09:54 AM IST
ByTrisha Sengupta

Is OYO planning to withdraw its IPO paper? Hospitality firm clarifies

In 2023, the market regulator had returned the IPO filing by OYO, requiring the firm to refile its draft red herring prospectus with updates and revisions.

Oyo founder and CEO Ritesh Agarwal(X/Ritesh Agarwal)
Published on Feb 14, 2024 11:26 AM IST

Ritesh Agarwal-led OYO knocks at SEBI's door again. Here's why

Oravel Stays Ltd, the company which operates OYO, reported a Q3 profit of ₹30 crore, founder and chief executive officer Ritesh Agarwal told employees

Oyo founder and CEO Ritesh Agarwal(X/Ritesh Agarwal)
Published on Feb 12, 2024 04:53 PM IST

When will OYO IPO come? Investor SoftBank says…

SoftBank's Vision Fund CFO expresses satisfaction with India portfolio, including OYO

Published on Feb 08, 2024 09:39 PM IST

Ranveer Singh, Kartik Aaryan for Shark Tank India: Ritesh Agarwal's wish list

In an exclusive interview with Hindustan Times, Ritesh Agarwal shared OYO Rooms will be launching in Lakshadweep soon. He also spoke about his favourite celebs.

Ritesh Agarwal is the CEO and founder of OYO Rooms, appearing on Shark Tank India 3.
Published on Jan 31, 2024 09:03 AM IST

OYO founder Ritesh Agarwal shares pics at Ram Mandir: ‘Truly a historic moment’

Agarwal praised the temple's architecture as a "marvel" and noted having celebrated Diwali twice this year, including on the consecration day of Ram Lalla.

OYO founder Ritesh Agarwal at Ram Temple in Ayodhay on Monday.
Published on Jan 22, 2024 08:03 PM IST

OYO founder Ritesh Agarwal posts ‘up-close look’ of Ram Mandir. See pics

OYO founder Ritesh Agarwal is on a spiritual journey that he started from Puri’s Jagannath Temple. He is in Ayodhya to mark the consecration of the Ram Mandir.

OYO founder Ritesh Agarwal posing for the camera inside Ayodhya Ram Mandir. (X/@riteshagar)
Published on Jan 22, 2024 04:15 PM IST

OYO to prepay over 1,600 crore debt via buyback

The repayment of this debt is scheduled for June 2026. The offer is being fully funded with cash on balance sheet and from cash collateral account.

In its last public filing, OYO had disclosed that it achieved operational profitability in FY23, clocking an adjusted EBITDA of <span class='webrupee'>₹</span>277 crore.
Published on Nov 14, 2023 10:17 PM IST

Shark Tank's Aman Gupta shares cheeky message for OYO CEO Ritesh Agarwal

boAt co-founder Aman Gupta shared a cheeky message for the newlyweds. Take a look at what he has to say.

Aman Gupta shared a picture from Ritesh Agarwal's wedding reception.(Instagram/@boatxaman)
Published on Mar 09, 2023 02:31 PM IST
ByVrinda Jain

Oyo founder's wedding: Ritesh Agarwal seeks blessings of SoftBank's Son

SoftBank has been a prominent and prolific investor in the Indian startup ecosystem, pumping in an estimated USD 15 billion over the years.

SoftBank founder and CEO Masayoshi Son attended the wedding reception of Ritesh Agarwal and Geetansha Sood.(@weddingz.in/Instagram)
Published on Mar 08, 2023 09:24 AM IST

OYO to refile updated draft IPO papers by mid February

Earlier this month, Sebi had asked the company to refile the draft IPO papers with certain updates.

OYO's last submission to Sebi was the updated financial results of the first half of financial year 2022-23. (HT)
Published on Jan 18, 2023 02:41 PM IST
PTI | | Posted by Ritu Maria Johny

OYO to cut 10% employee base, to let go 600 from tech and hire 250 in sales

OYO said the move is part of implementing wide ranging changes in its organisational structure. It is downsizing its product & engineering, corporate headquarters, and OYO Vacation Homes teams, while it adds people to the partner relationship management and the business development teams.

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley.(REUTERS)
Published on Dec 03, 2022 04:07 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

Oyo begins internal probe after couple secretly filmed at Noida hotel: Report

The accused duo booked the same room a week later to take the camera out that had recorded intimate moments of a couple, the police said, reported news agency PTI.

Oyo begins internal probe after couples secretly filmed at Noida hotel: Report(Reuters file photo)
Published on Oct 23, 2022 11:05 AM IST
By | Edited by Poulomi Ghosh

IPO-bound OYO valuation dips in private market: Report

In the week ended September 30, 2022, nearly 12.3 lakh shares of OYO were sold in the private market as compared to over 1.6 lakh shares sold in the previous week.

Last month, in a regulatory filing OYO reported a revenue of <span class='webrupee'>₹</span>1,459.32 crore in the three-month period ended June 30, 2022.(Livemint)
Published on Oct 05, 2022 01:53 PM IST
PTI | | Posted by Aryan Prakash

Oyo eyes IPO revival after reducing losses, files fresh documents before SEBI

Oyo had filed preliminary IPO documents in 2021, only to shelve the listing plan earlier this year after the prolonged pandemic hurt its growth and forced the company to cut thousands of jobs.

Oyo reported a loss of 18.9 billion rupees ($237 million) for the year through March 2022, nearly halving from the previous 12 months
Updated on Sep 19, 2022 01:15 PM IST
Bloomberg | | Posted by Aryan Prakash

IPO mania gets reality check in India after series of flops

Investors have soured on new tech offerings after the calamitous public debut of fintech firm Paytm, as well as the battering received by newly listed e-commerce operators Zomato Ltd. and Nykaa.

India’s burgeoning startup ecosystem faces a reckoning just weeks after it closed out a record year for IPOs.(Representational photo)
Published on Feb 16, 2022 10:26 PM IST
Bloomberg |

Oyo executive stands to gain 1,100 crore on IPO

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.

Oyo expanded its Esop pool by more than 40% in September.(Livemint)
Published on Oct 05, 2021 07:55 AM IST
Livemint | ByAnkit Agarwal, New Delhi

Hotel rooms aggregator Oyo files papers for 8,430 crore IPO

The filing with the capital markets regulator is the latest example of a rush to tap the public markets by Indian unicorn startups.

Oyo’s 27-year-old founder Ritesh Agarwal will not be selling his shares.(Livemint)
Updated on Oct 02, 2021 04:48 AM IST
ByRanjani Raghavan, Ravindra Sonavane, Mumbai

SoftBank-backed Oyo files draft papers for $1.14 billion IPO

The hotel aggregator's move comes at a time when travel restrictions are being eased across the world.

Hotel aggregator Oyo 
Published on Oct 01, 2021 12:34 PM IST
Reuters |

Oyo appoints banks for IPO, set to file draft papers in Oct

Oyo is looking to raise $1.2 billion from its public issue, the two people cited above confirmed.

The news around Oyo’s IPO comes at a time when several startups are making a beeline to list on the public marke(Livemint)
Published on Sep 24, 2021 04:59 AM IST
Livemint | ByTarush Bhalla, Ranjani Raghavan, Mumbai

Oyo to file for up to USD 1 billion IPO next week: Report

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.

The logo of Oyo is seen installed on a hotel building in New Delhi.(Reuters File Photo)
Published on Sep 23, 2021 10:33 AM IST
By | Written by Amit Chaturvedi, Hindustan Times, New Delhi

OYO’s value hits $9.6 billion after Microsoft funding

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.

Earlier this year, Oyo raised $660 million in debt from institutional investors, including Fidelity Investments, to settle its debt and to invest in product and technology.(File Photo)
Published on Aug 21, 2021 12:38 AM IST
ByPayal Ganguly, Hindustan Times, New Delhi

Microsoft in advanced talks to buy stake in Oyo: Reports

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.

Oyo's founder and chief executive officer, Ritesh Agarwal, said earlier this month that his company would consider a potential public offering without giving a timeline. (File Photo)
Published on Jul 31, 2021 12:09 PM IST
By | Written by Meenakshi Ray, New Delhi

OYO raises $660 million via debt funding from investors

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.

OYO will use these funds to retire its past debts, strengthen the balance sheet and leverage the funds for other business purposes, including investment in product technology.(Livemint)
Published on Jul 16, 2021 11:53 PM IST
ByTarush Bhalla, Livemint, Bengaluru

2021 appears set to be the best year for unicorns

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.

In India, the top three unicorn companies are One97 Communications (the owner of Paytm), the ed-tech based Byju’s, and travel-based OYO Rooms.(Reuters)
Updated on May 24, 2021 06:31 AM IST
ByVineet Sachdev, New Delhi

NCLT initiates insolvency proceedings against OYO arm; Co files appeal

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).

The creditors of OYO Hotels and Homes Pvt Ltd are called upon to submit their claims with proofs on or before April 15, 2021, to the interim resolution professional, the announcement said.(Reuters)
Published on Apr 07, 2021 02:41 PM IST
PTI | , New Delhi

Oyo asked to pay 1.61 lakh by Pune district consumer commission

Aul Kulkarni, a resident of Vadgaon Budruk, had lodged a complaint with the consumer forum last year as regards his trip to Kerala.

FILE PHOTO: The logo of OYO, India's largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi, India, April 3, 2019. REUTERS/Adnan Abidi(REUTERS)
Updated on Feb 16, 2021 04:45 AM IST
ByNadeem Inamdar, Pune

Oyo raises $1.5 billion at $10 billion valuation

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

OYO founder Ritesh Agarwal, 25, will spend $700 million to buy new shares in the company as part of a previously reported $2 billion plan to triple his ownership stake.(REUTERS)
Updated on Oct 07, 2019 07:43 PM IST
Bloomberg, Bangalore | BySaritha Rai
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