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Post Covid travel boom helps OYO revive its IPO plans

Global hospitality services platform OYO filed an addendum to its draft red herring prospectus subm…

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It's not just Zostel, OYO has 20 other lawsuits to fight

OYO — in its DRHP for the $1.2 billion IPO — had noted that the number of legal disputes, lawsuits …

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OYO blames Zo Rooms for ‘forum hunting’ after Zostel’s latest plea to stop its IPO

Update: The article has been updated to include the Delhi high court's verdict issued on September …

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1 min read

OYO rolls out a discount for Mumbai’s stranded commuters as the city stays on orange alert till July 14

Heavy showers in India’s financial capital lead to water-logging at a number of places including…

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OYO says an angry creditor has dragged the $9 billion startup to court over a ₹16 lakh dispute

However, OYO said that it has challenged the NCLT order against its subsidiary. In a statement…

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OYO breathes easy as NCLAT orders a stay on insolvency proceedings against its subsidiary company

As OYO battled with reports of bankruptcy, which it said was inaccurate, and received an outpouring…

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OYO vs Zo – Zostel claims victory while the Ritesh Agarwal-led firm says there’s still room to win

After a three-year long battle, the legal verdict on OYO Hotels and Homes and Zo Hostels is out, bu…

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OYO cashes in another cheque from Swedish billionaire Martin HP Söderström for its vacation homes business in Europe

Indian hospitality unicorn OYO has raised an undisclosed amount of funding from Martin HP Söderströ…

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5 mins read

OYO bags a $7.4 million cheque as pandemic forces Ritesh Agarwal to reimagine the business

Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a seri…

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Road to IPO for OYO Rooms is clear as Delhi HC rejects Zostel's plea that restrained the IPO

Justice C. Hari Shankar dismissed the plea of Zostel, seeking an interim order to restrain or in…

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Has IPO-bound OYO regained trust of its hotel partners?

The company has recently been affected by some of its hotel partners publicly complaining, filin…

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OYO IPO now faces a hurdle from a hotels lobby with 55,000 members, aside from Zostel

The Federation of Hotel and Restaurants of India (FHRAI) — which claims to have over 55,000 hotels …

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EXCLUSIVE: OYO’s new employee initiatives — weekend curfew with no calls or Slack messages, a surprise holiday, and discounted Curefit membership

Indian hospitality unicorn OYO has announced several initiatives to help its employees deal with an…

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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 valuation drops to $8 billion ⁠— but it's the smallest drop compared to other major hotel chains

OYO’s valuation has dropped to $8 billion, according to the latest report by Hurun. The Hurun Globa…

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OYO joins the string of startups that are permanently leaving office spaces to reduce real estate costs

Indian hospitality unicorn OYO has just announced that it is permanently shifting to a hybrid workp…

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OYO is beefing up its board of directors – the second board appointment this year is a former FBI consultant

Indian hospitality unicorn OYO has announced the 8th addition to its board of directors. The compan…

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70% of OYO hotels in China have reopened ⁠— and bookings are rising slowly, the company says

While 70% of OYO hotels in China are now operational, it plans to open the remaining hotels in the …

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Did you know? OYO’s Ritesh Agarwal has a Chinese name

The Indian owner of China's largest chain of hotels, OYO, is not known as Ritesh Agarwal, but as Li…