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OYO withdraws DRHP, to refile IPO post refinancing: Sources

Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its de…

PTI   


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Consumers are taking more shorter trips through the year says OYO

Indian travelers have now switched to more frequent shorter domestic trips instead of planning elab…

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Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'

Fitch Ratings on Wednesday said it has revised the outlook on Oravel Stays Ltd's (OYO) long-term fo…

PTI   


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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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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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This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies

As hospitality major OYO firms up plans for its initial public offering (IPO), financial services c…

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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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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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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.

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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…

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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…

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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…

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4 mins read

The owner of Oberoi and Trident defers results triggering a sell-off in India's hotel stocks

However, EIH is not alone. Chalet Hotels, which runs the premier hotels – Marriot, Hyatt and Nov…

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OYO’s Ritesh Agarwal and Nothing’s Carl Pei invest in Dukaan’s $11 million round of funding

Dukaan, an app that helps small offline merchants set up online stores, has raised $11 million, at …

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3 mins read

After selling their previous startup to Quikr, Zefo founders are building an OYO for hospitals

Ayu Health, founded by Himesh Joshi, Arijit Gupta, and Karan Gupta in 2019, currently works with…

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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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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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6 mins read

EXCLUSIVE: Inside Ritesh Agarwal’s family office and its early investments

While Agarwal continues to concentrate on his hospitality venture OYO, Gulati took charge by lau…

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3 mins read

OYO Japan saw an occupancy rate of 51% even during the coronavirus pandemic

OYO Japan recorded an average occupancy rate of 51% in the month of March during the coronaviru…

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OYO's valuation climbs again — hits $9 billion after its latest fundraise of $7 million

With over 50 products and more than 500 microservices, the company plans to utilise the capi…