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2 mins read
OYO founder Ritesh Agarwal announces ESOPs worth ₹130 crore for furloughed employees
Indian hospitality unicorn OYO has allotted ESOPs (employee stock ownership plan) worth ₹130 crore …
1 min read
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…
2 mins read
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse
In line with its commitment to the 'Invest in Denmark' initiative, online hospitality major OYO has…
3 mins read
August has a long weekend and Indian consumers are packing their bags to travel to Goa and Bali
Goa is where everyone’s headed for the long weekends in August.
3 mins read
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 …
2 mins read
OYO writes to SEBI, denying all allegations raised by Zostel
OYO's parent firm Oravel Stays has refuted all 'allegations' made by Zostel Hospitality, which had …
PTI
3 mins read
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 …
2 mins read
SBI’s former chairperson Rajnish Kumar joins OYO’s board ahead of IPO
Hotel and hospitality firm OYO — which is expected to go for an initial public offering (IPO) soon …
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
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 …
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…
2 mins read
IPO-bound OYO increases authorised share capital to ₹901 crore
The development comes ahead of proposed initial public offering (IPO) by OYO, for which a draf…
PTI
2 mins read
Here’s why India's biggest hotel chain operator, a large car maker and airline would like to lose 'elite' tag
Having said that, Finance Minister Nirmala Sitharaman had announced initiatives for the aviati…
2 mins read
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 …
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…
6 mins read
India's largest two-wheeler maker, biggest beer brewer and aluminum producer are smaller than startups like Byju's, Paytm, and OYO
Byju’s, Paytm, OYO and Ola are currently valued higher than Ashok Leyland, Indian Hotels and Escort…
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
OYO is looking to hire over 300 engineers in the next 6 months to clear ‘path to profitability’
OYO claims to be headed for the “path to profitability” by doubling down on its tech and product te…
11 mins read
Don't moment-market this crisis; there's a special place in communication and marketing hell reserved for that: Mayur Hola of OYO
OYO's marketing officer Mayur Hola shares how the company has changed its marketing strategy during…
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…