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2 mins read
OYO now plans to layoff 2,000 employees, the company says it may ‘replace some candidates’
Yet, OYO continues to maintain that it is one of the “best places to work”. "OYO continuousl…
2 mins read
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…
4 mins read
Here's why MakeMyTrip, OYO, Lemon Tree and likes may reap the most out of the long-term recovery in hotels
India’s millions of hotel rooms will have to opt for a digital transformation.
4 mins read
Oyo, the 'jewel' in SoftBank's startup portfolio, just announced more layoffs in the U.S. weeks after cutting thousands of jobs in India and China
Oyo's layoffs come as other SoftBank-backed companies also restructure with a new focus on profitab…
Megan Hernbroth,Meghan Morris…
1 min read
Oyo now has 100 hotels in the US, is adding one building a day
Oyo Hotels & Homes said that it now has 100 hotels in the US. The company entered the US market…
2 mins read
Airbnb picks up a stake in its Indian rival Oyo Rooms
US-based home renting startup AirBnB has reportedly picked up a stake in Oyo Rooms. In a series E f…
2 mins read
Oyo wants a bite of foodtech, may acquire Freshmenu: Report
The acquisition, which could be valued at $50-60 million according to ETtech, will mark Oyo’s en…
1 min read
Oyo's new SOS button promises to make Indian hotels safer
The hospitality chain has also trained a 24x7 OYO Safety Response Team (SRT) which will be able …
1 min read
OYO opens a 35,000 sft casino in Las Vegas by rebranding a Hooters hotel
Indian hospitality unicorn OYO has opened a 35,000 square-foot casino in Las Vegas. Called OYO Hote…
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 and Mahindra Holidays’ new strategy is based on the premise that airlines are doomed for a while— both Emirates and Boeing agree
“Goa may be the new Thailand,” said OYO founder Ritesh Agarwal when asked about his post-COVID-19 s…
2 mins read
OYO upgrades its app for hotel owners and offers financing, marketing support and timely payments
OYO is beefing up technology platform and is now looking to build a partner network of hotel owners…
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…
2 mins read
OYO’s Ritesh Agarwal sets a new benchmark – invests $2 billion into his own company to increase his stake
In a first for the Indian startup community, OYO founder Ritesh Agarwal invested $2 billion into hi…
2 mins read
OYO's $415 million acquisition of Amsterdam-based holiday home chain part of plan to become the world's largest hotel company
OYO is buying @Leisure from Axel Springer, the media and technology company, for $415 million. …
2 mins read
Indian unicorns like Oyo, PayTm and now Uber are shedding flab — resulting in thousands of pink slips
After the textile and auto sector, startups and that too unicorns could be where the next set of pi…
3 mins read
Do Swiggy, OYO, and Paytm lack Silicon Valley’s planning and conviction?
India has grown to be the world’s third largest startup ecosystem, with over 20 unicorns some of wh…
1 min read
FabHotels could take on OYO with a new investment
FabHotels, the Indian hospitality chain, is reportedly raising funds worth ₹540 million in a round …
2 mins read
A 6-year-old Indian startup wants to be world’s biggest hotel chain
Oyo Rooms is already the largest hotel chain in South Asia. “We will have one million rooms inve…
1 min read
Here’s a rundown of what all happened this week
This week, rating agency Moody’s changed its outlook on India from stable to negative. Motu Patlu’s…