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2 mins read

At ₹100 crore, OYO posts FY24 as maiden profitable fiscal: Founder

"While a delighted customer or a hotel partner brings the biggest smile on my face, our first c…

PTI   


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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 …

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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   


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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…

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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…

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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…

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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…

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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 …

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3 mins read

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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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 …

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2 mins read

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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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 …

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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…

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1 min read

OYO founder Ritesh Agarwal's father falls to death from Gurugram high-rise

Ramesh Agarwal, the father of Ritesh Agarwal, Founder and Group CEO, OYO, has died after falling fr…

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3 mins read

Gen Zs & Millennials aid spiritual & wellness-driven tourism recovery in India

A survey by travel agency Agoda found wellness to be one of the top three motivations for Indians t…

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2 mins read

OYO founder Ritesh Agarwal admits the share buyback in 2019 was ‘bad timing’

Agarwal in the interview also said that his current share percentage at OYO gives him a net …

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2 mins read

Mobikwik IPO is not happening this quarter

Indian payment service provider Mobikwik will not be heading for its initial public offering (IPO) …

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3 mins read

Former Oyo, Uber executive's startup raises $3.5 million from Elevation Capital

The company enables agricultural producers, local manufacturers and home-based business owners t…

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3 mins read

The cost of selling its IPO has eroded nearly all of Nykaa's profit

Beauty and fashion ecommerce platform Nykaa — which wowed the Indian investors with its stellar deb…

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3 mins read

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…