Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise R ...More

Hospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans to file an updated draft prospectus within two months, marking its third attempt to go public. This comes as other new-age companies reassess their IPO plans due to market volatility. ...Less

Oyo's parent company, Prism, has received approval from Sebi to proceed with its Rs 6,650 crore IPO. The ...More

Oyo's parent company, Prism, has received approval from Sebi to proceed with its Rs 6,650 crore IPO. The company is expected to be valued between USD 7-8 billion. Prism plans to file its public Updated Draft Red Herring Prospectus by early July, while assessing market conditions for its listing. ...Less

Oyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India for its ...More

Oyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India for its initial public offering. The company plans to raise ₹6,650 crore through this IPO. Oyo is expected to file its updated draft red herring prospectus in the coming weeks. This marks the company's third attempt to go public. ...Less

Prism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion val ...More

Prism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds for expansion and strengthening its balance sheet to support its ongoing push toward company profitability. ...Less

Indian companies are poised to become significant brand owners in the United States. This shift will enha ...More

Indian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyond Bollywood and IT. Technology is a key driver for this expansion. Ritesh Agarwal, founder of Oyo-parent firm PRISM, believes India's moment has arrived. Indian brands will soon be used and appreciated by American consumers. ...Less

S&P Global Ratings has declared a Positive outlook for Prism, suggesting a promising trajectory for OYO's ...More

S&P Global Ratings has declared a Positive outlook for Prism, suggesting a promising trajectory for OYO's parent company. This optimistic assessment comes with the expectation of substantial improvements in credit metrics and a flourishing IPO that will enhance Prism's financial standing. ...Less

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top ...More

Oyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5. ...Less

Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the ...More

Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. This and more in today’s ETtech Morning Dispatch. ...Less

PRISM, the company behind Oyo, has launched 38 Studio 6 extended stay hotels across the United States. Th ...More

PRISM, the company behind Oyo, has launched 38 Studio 6 extended stay hotels across the United States. This expansion follows PRISM's acquisition of G6 Hospitality. The new hotels offer amenities for longer stays, targeting corporate professionals and relocating families. PRISM plans to integrate India-built technology into these properties, aiming for operational efficiency and an elevated guest experience. ...Less

The venture capital firm, which was initially looking to raise as much as $500 million for its fifth Indi ...More

The venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target size to around $300-350 million, the people said, requesting anonymity as the discussions are private. ...Less

Investor interest in unlisted shares is decreasing. Trading volumes have fallen significantly. This slowd ...More

Investor interest in unlisted shares is decreasing. Trading volumes have fallen significantly. This slowdown is due to lower prices and fewer new share offerings. Some popular companies still see activity. However, demand has softened in sectors like defence and hospitality. A stronger stock market is expected to boost this segment again. ...Less

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and ...More

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch. ...Less

Quick service platform Snabbit has appointed Abhinav Ankur as its chief business officer. This move comes ...More

Quick service platform Snabbit has appointed Abhinav Ankur as its chief business officer. This move comes as the house help segment experiences significant demand. Snabbit has seen substantial growth in daily jobs. Rival platforms like Urban Company's InstaHelp and Pronto are also reporting high booking numbers. The sector is attracting venture capital, with Snabbit and Pronto raising substantial funds. ...Less

RTP Global and Unicorn India Ventures participated in the round. The company will use the fresh capital t ...More

RTP Global and Unicorn India Ventures participated in the round. The company will use the fresh capital to expand its GPU compute and AI data centre capabilities and hire talent. Nava, which is expanding beyond its earlier software-led GPU cloud offering to a vertically integrated model, aims to target enterprises building AI models and applications, offering infrastructure through models such as GPU-as-a-service and bare-metal compute. ...Less

Happy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and ...More

Happy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and more in today's ETtech Morning Dispatch. ...Less

The company has launched an elite category called ‘Super Oyo’. Hotels in this category will have an avera ...More

The company has launched an elite category called ‘Super Oyo’. Hotels in this category will have an average rating of four and above, zero check-in issues, low cancellations and minimal negative feedback. ...Less

According to 'Oyo Business Travel Trends Report 2023', Hyderabad has emerged as the leading city, adding ...More

According to 'Oyo Business Travel Trends Report 2023', Hyderabad has emerged as the leading city, adding 660 corporate clients, followed by Gurugram with 593 clients. ...Less

Oyo said the adoption of the Oyo Life brand and transitioning from its previous identity has begun global ...More

Oyo said the adoption of the Oyo Life brand and transitioning from its previous identity has begun globally, starting with Japan. ...Less

Federation of Hotel & Restaurant Associations of India, which had filed a complaint against the company i ...More

Federation of Hotel & Restaurant Associations of India, which had filed a complaint against the company in the CCI, said the investigation is ongoing and ‘many’ Oyo partners have indicated that they will approach Sebi and the finance ministry. ...Less

The membership entitles its members for 5% instant discount on current booking and instant rewards in the ...More

The membership entitles its members for 5% instant discount on current booking and instant rewards in the form of OYO Money. ...Less

Oyo said it is supporting its hotel partners to improve consistently in experience and aims to end financ ...More

Oyo said it is supporting its hotel partners to improve consistently in experience and aims to end financial year 2024 with over 1500 hotels which can be tagged as Super Oyos. ...Less

While Oyo has challenged the SC-appointed arbitrator's order passed originally in March over the dispute, ...More

While Oyo has challenged the SC-appointed arbitrator's order passed originally in March over the dispute, Zostel moved an application late last month seeking to restrict Oyo from modifying its shareholding structure or cap table, including by way of an IPO. ...Less

Hospitality startup approaches Delhi High Court to restrain Oyo from modifying its shareholding structure ...More

Hospitality startup approaches Delhi High Court to restrain Oyo from modifying its shareholding structure or cap table including by way of an IPO. Oyo is also seeking a stay on the arbitrator award. ...Less

The proposed initial public offering could raise between Rs 600 crore and Rs 800 crore, although the fina ...More

The proposed initial public offering could raise between Rs 600 crore and Rs 800 crore, although the final size will depend on market conditions and regulatory approvals. The move comes amid a broader strategic repositioning of Rediff from a legacy internet portal to an AI-led digital platform. ...Less

OYO said priced at Rs 2,500 and upwards, Townhouse provides a "unique" hospitality experience in the hear ...More

OYO said priced at Rs 2,500 and upwards, Townhouse provides a "unique" hospitality experience in the heart of popular neighbourhoods. ...Less

With this deal, OYO becomes one of RCB’s direct sponsors until December. OYO will also give away free tic ...More

With this deal, OYO becomes one of RCB’s direct sponsors until December. OYO will also give away free tickets to RCB matches and will also host screenings across Bengaluru and other cities. ...Less

"The creditors of Oyo Hotels & Homes are hereby called upon to submit their claims before April 15 to the ...More

"The creditors of Oyo Hotels & Homes are hereby called upon to submit their claims before April 15 to the interim resolution professional," a copy of an April 4 NCLT order, signed by interim resolution professional Keyur Jagdishbhai Shah and seen by ET stated. ...Less

Manufacturing marketplace Zetwerk is in discussions to raise approximately Rs 500 crore in pre-IPO fundin ...More

Manufacturing marketplace Zetwerk is in discussions to raise approximately Rs 500 crore in pre-IPO funding from Bharat Value Fund and HNIs, valuing the company at Rs 25,000-26,000 crore. The company is also preparing to confidentially file draft IPO papers with Sebi for a public issue expected to be around Rs 5,000 crore. ...Less

Oyo said it plans to expand the brand to over 400 hotels in multiple cities from the existing 16, by the ...More

Oyo said it plans to expand the brand to over 400 hotels in multiple cities from the existing 16, by the end of 2019 across India. Currently, Oyo Townhouse is in India, UK & the US. ...Less

In its letter to Sebi sent on October 28, and accessed by ET, Oyo has written that no restriction has bee ...More

In its letter to Sebi sent on October 28, and accessed by ET, Oyo has written that no restriction has been imposed on Oyo from changing its shareholding pattern either by the Supreme Court-appointed arbitrator’s award in the matter or by Delhi High Court. ...Less

SEBI had given Oyo the permission to submit updated financials before it examined and finally processed t ...More

SEBI had given Oyo the permission to submit updated financials before it examined and finally processed the company’s IPO application. ...Less

When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively ent ...More

When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last three to four months, the story has changed and this year may be turn out to be pivotal for it. ...Less

Oyo said its new Lite app incorporates all the functionalities of the Oyo app and that it has been design ...More

Oyo said its new Lite app incorporates all the functionalities of the Oyo app and that it has been designed to work in low connectivity areas. ...Less

The company plans to offer integrated services like banqueting space, catering and decor along with dedic ...More

The company plans to offer integrated services like banqueting space, catering and decor along with dedicated event planners for clients and will eventually integrate it into the Oyo app. ...Less

In its case against Oyo, Anam Datsec has alleged Oyo delayed and failed to make payments of an agreed upo ...More

In its case against Oyo, Anam Datsec has alleged Oyo delayed and failed to make payments of an agreed upon monthly minimum guarantee amount of Rs 14 lakh for the property, did not provide necessary and accurate revenue statements and carried out 'sub standard and hazardous construction' on the property. ...Less

Alleges data stolen during due diligence as part of a failed acquisition; Oyo says it’s an attempt to ‘ar ...More

Alleges data stolen during due diligence as part of a failed acquisition; Oyo says it’s an attempt to ‘arm-twist for a deal’ ...Less

The partnership will enable Ctrip to leverage Oyo's 'volume of low-cost assets' while OYO will benefit fr ...More

The partnership will enable Ctrip to leverage Oyo's 'volume of low-cost assets' while OYO will benefit from Ctrip’s distribution network and platform ecosystem. ...Less

Earlier in October, FHRAI had urged Sebi to suspend OYO's IPO process, drawing attention to irregularitie ...More

Earlier in October, FHRAI had urged Sebi to suspend OYO's IPO process, drawing attention to irregularities, such as being engaged in anti-competitive business practice and inadequate disclosures of critical court cases, among others, in its draft red herring prospectus (DRHP). ...Less

SoftBank said it started the partnership with Oyo in Latin America in 2019 and the investment has been re ...More

SoftBank said it started the partnership with Oyo in Latin America in 2019 and the investment has been recently formalized with the creation of Oyo Latam and the board. ...Less

Through the partnership, PhonePe users can reserve a room at any OYO hotel in India by paying a token amo ...More

Through the partnership, PhonePe users can reserve a room at any OYO hotel in India by paying a token amount of Rs 99 upfront and paying the remaining amount later at the hotel. ...Less

Among those who have been promoted and hired are Ayush Mathur who is now the chief supply officer (Global ...More

Among those who have been promoted and hired are Ayush Mathur who is now the chief supply officer (Global), Ankit Mathuria as Chief Technology Officer, OYO, Abhinav Sinha as Global COO & Chief Product Officer (Interim), Kavikrut as Chief Growth Officer, Gautam Swaroop as CEO, OYO International. ...Less

In an email to the company’s top management, Agarwal said Oyo has published its annual accounts for FY23 ...More

In an email to the company’s top management, Agarwal said Oyo has published its annual accounts for FY23 and that it has achieved operational profitability in FY23, clocking an adjusted Ebitda of Rs 277 crore. ...Less

The tariffs for OYO Townhouse will be upwards of Rs 3500. OYO plans to launch 250 Townhouse properties wi ...More

The tariffs for OYO Townhouse will be upwards of Rs 3500. OYO plans to launch 250 Townhouse properties with over 10,000 rooms across 12 cities in India by the end of 2017. ...Less

The Japanese investor’s latest valuation of Oyo – as of June quarter – is based on comparison to similar ...More

The Japanese investor’s latest valuation of Oyo – as of June quarter – is based on comparison to similar firms in the public markets, people aware of the matter said. ...Less

HC tells Oyo to inform Sebi of latest order but restrains Zostel from writing to authorities ...More

HC tells Oyo to inform Sebi of latest order but restrains Zostel from writing to authorities ...Less

Oyo has appointed Sonal Sinha as CEO of G6 Hospitality, the American motel company it recently acquired. ...More

Oyo has appointed Sonal Sinha as CEO of G6 Hospitality, the American motel company it recently acquired. This addition is expected to bring significant synergies and growth potential, with G6 contributing significantly to Oyo's projected $3 billion gross booking value. Kavikrut transitions to CEO of T-Hub. ...Less

In India, he said, OYO is looking to strengthen its footprint in top leisure and pilgrimage destinations ...More

In India, he said, OYO is looking to strengthen its footprint in top leisure and pilgrimage destinations like Goa, the North-East Shillong and Gangtok. ...Less

In the holiday package segment, OYO is mainly targeting couples, families and friends travelling together ...More

In the holiday package segment, OYO is mainly targeting couples, families and friends travelling together between 25-45 years. ...Less

SoftBank says the decision was made jointly with Oyo due to challenges brought about by the coronavirus p ...More

SoftBank says the decision was made jointly with Oyo due to challenges brought about by the coronavirus pandemic, and that it would no longer invest in the company in Latin America. ...Less

Currently, OYO Hotels and Homes has over 9,000 asset owner-partners spread across nearly 260 cities in In ...More

Currently, OYO Hotels and Homes has over 9,000 asset owner-partners spread across nearly 260 cities in India. ...Less

NCLAT has ordered a stay on the formation of the committee of creditors in the bankruptcy proceedings Oyo ...More

NCLAT has ordered a stay on the formation of the committee of creditors in the bankruptcy proceedings Oyo Hotels & Homes Pvt. Ltd., the subsidiary of Oyo's parent Oravel Stays. ...Less

OYO said it will leverage its expertise in transforming and standardising hospitality real-estate units a ...More

OYO said it will leverage its expertise in transforming and standardising hospitality real-estate units and make local homestays better equipped to suit the needs of visitors and tourists. ...Less

Wondering what to do with your flat that's lying vacant? Hotel aggregator OYO may be able to help. ...More

Wondering what to do with your flat that's lying vacant? Hotel aggregator OYO may be able to help. ...Less

Trump described OYO's gesture as 'impactful acts of benevolence'. ...More

Trump described OYO's gesture as 'impactful acts of benevolence'. ...Less

OYO said that Zostel had filed a "frivolous arbitration petition in District Court, Gurugram earlier on F ...More

OYO said that Zostel had filed a "frivolous arbitration petition in District Court, Gurugram earlier on February 2, 2018, as a counterblast to OYO’s rightful legal case". ...Less

JP Morgan has provided Oyo with a Rs 200 crore credit facility to support the expansion of Oyo's Accelera ...More

JP Morgan has provided Oyo with a Rs 200 crore credit facility to support the expansion of Oyo's Accelerator Programme. Launched in March last year, the program aids over 700 hotels and 85 first-generation hoteliers, offering mentorship, technology access, financial support, and networking opportunities. ...Less

Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors thro ...More

Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance, in a move that can be seen as a precursor to listing of a company. ...Less

Oyo says it's downsizing people in its product and engineering teams, but also hiring staffers in relatio ...More

Oyo says it's downsizing people in its product and engineering teams, but also hiring staffers in relationship management and business development. The company said the downsizing in tech is also happening in teams that were developing pilots and proof of concepts such as in-app gaming, social content curation and patron facilitated content. ...Less

Oyo Hotels & Homes has surrendered some co-working spaces and cut back on its co-living and rental housin ...More

Oyo Hotels & Homes has surrendered some co-working spaces and cut back on its co-living and rental housing business under Oyo Life over the past 2-3 quarters to staunch losses and focus on its core hotels business. ...Less

Sources briefed on the matter said Oyo has held discussions with other Chinese strategics and a few finan ...More

Sources briefed on the matter said Oyo has held discussions with other Chinese strategics and a few financial investors as well for the funding. ...Less

Almost 10 months after its China debut, OYO operates over 50,000 rooms across 50 cities in the country. ...More

Almost 10 months after its China debut, OYO operates over 50,000 rooms across 50 cities in the country. ...Less

Oyo calls FIR and allegations frivolous and baseless, but says its committed to resolving hotelier disput ...More

Oyo calls FIR and allegations frivolous and baseless, but says its committed to resolving hotelier disputes amicably and welcomes ecosystem support. ...Less

Oyo said that to capture customer feedback, it has rolled out a feedback section on its website landing p ...More

Oyo said that to capture customer feedback, it has rolled out a feedback section on its website landing page, and on its app called 'We need to talk' ...Less

Oyo is looking to list in Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion ...More

Oyo is looking to list in Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion. It will consist of a fresh issue of shares and an offer for sale from existing shareholders. ...Less

OYO currently operates over 3,000 fully-managed residential accommodation in India across 25 cities. ...More

OYO currently operates over 3,000 fully-managed residential accommodation in India across 25 cities. ...Less

Adobe has welcomed former SoftBank India head Manoj Kohli to its International Advisory Board. With decad ...More

Adobe has welcomed former SoftBank India head Manoj Kohli to its International Advisory Board. With decades of experience in telecom and technology, Kohli will guide Adobe customers through AI-driven transformations. ...Less

FHRAI had previously raised concerns about significant inaccuracies and inadequate disclosures in Oyo's D ...More

FHRAI had previously raised concerns about significant inaccuracies and inadequate disclosures in Oyo's Draft Red Herring Prospectus (DRHP). ...Less

The Japanese joint venture will see OYO holding a 50% stake, with Softbank Corp and Vision Fund owning 25 ...More

The Japanese joint venture will see OYO holding a 50% stake, with Softbank Corp and Vision Fund owning 25% each. ...Less

Moody’s projects Oyo's EBITDA to reach $125 million in FY 2024-2025, inclusive of ESOP expenses. This out ...More

Moody’s projects Oyo's EBITDA to reach $125 million in FY 2024-2025, inclusive of ESOP expenses. This outlook underscores the company's commitment to cost control and expected business expansion. ...Less

This investment brings to a close Oyo’s $1 billion financing round, valuing it at $5 billion. ...More

This investment brings to a close Oyo’s $1 billion financing round, valuing it at $5 billion. ...Less

The firm intends to drive deeper into Europe with the investment that may also see Oyo, through its Oyo V ...More

The firm intends to drive deeper into Europe with the investment that may also see Oyo, through its Oyo Vacation Homes business, take on Airbnb. ...Less

SoftBank-backed OYO had, in February this year, formed a joint venture (JV) with Yahoo Japan Corporation ...More

SoftBank-backed OYO had, in February this year, formed a joint venture (JV) with Yahoo Japan Corporation to foray into the housing rental market in Japan. ...Less

The developments come at a time when Oyo has referred to China as its second home market and has said tha ...More

The developments come at a time when Oyo has referred to China as its second home market and has said that its Chinese subsidiary, Oyo Jiudian, was present in 280 cities across China. ...Less

OYO implements a new check-in policy in Meerut, disallowing unmarried couples unless they provide valid p ...More

OYO implements a new check-in policy in Meerut, disallowing unmarried couples unless they provide valid proof of relationship. The move aims to address local social concerns and align with civil society pressures. OYO plans to review the policy's impact periodically and may expand it to other cities. ...Less

Oyo is set to venture into the food and beverage sector. The company will introduce in-house kitchens and ...More

Oyo is set to venture into the food and beverage sector. The company will introduce in-house kitchens and Townhouse Cafe QSR carts. This will be available at its company-serviced hotels. The initiative aims to enhance the dining experience for guests. Oyo expects F&B to contribute 5%-10% additional revenue. A pilot program has already been launched across 100 hotels. ...Less

Oyo wants to do more not just for its employees, but also for the “extended Oyo family”, Oyo Rooms CEO Ri ...More

Oyo wants to do more not just for its employees, but also for the “extended Oyo family”, Oyo Rooms CEO Ritesh Agarwal says. ...Less

Oyo has also tied up with 13+ renowned brands such as Dominos, Lenskart, Rebel Foods, Gaana, among others ...More

Oyo has also tied up with 13+ renowned brands such as Dominos, Lenskart, Rebel Foods, Gaana, among others to offer users discount coupons and vouchers to its Wizard club members. ...Less

In the past, partner hotels have witnessed an increase in revenue and occupancy levels after becoming a p ...More

In the past, partner hotels have witnessed an increase in revenue and occupancy levels after becoming a part of OYO’s chain of hotels. ...Less

Within a span of around one and a half year of operation in China, Oyo Hotels and Rooms has expanded its ...More

Within a span of around one and a half year of operation in China, Oyo Hotels and Rooms has expanded its presence to over 337 cities and 5 lakh rooms ...Less

The order was passed in the contempt of court petition filed against Oyo, its founder Ritesh Agarwal and ...More

The order was passed in the contempt of court petition filed against Oyo, its founder Ritesh Agarwal and directors Rakesh Kumar and Anuj Tejpal in the Delhi High Court by Anam Datsec for not submitting a list of its unencumbered assets. ...Less

The Competition Commission of India (CCI) has been investigating the companies since 2019 following alleg ...More

The Competition Commission of India (CCI) has been investigating the companies since 2019 following allegations by a hotel body that MakeMyTrip gave special treatment to SoftBank-backed Oyo on its platform. ...Less

Once a booking is created, the integration will allow OYO to send a confirmation message through WhatsApp ...More

Once a booking is created, the integration will allow OYO to send a confirmation message through WhatsApp. Customers will receive the message through OYO’s verified profile. ...Less

Oyo reported a 47% growth in its gross bookings value per hotel in Q1FY23 at Rs 3.25 lakh versus Rs 2.21 ...More

Oyo reported a 47% growth in its gross bookings value per hotel in Q1FY23 at Rs 3.25 lakh versus Rs 2.21 lakh for FY22. ...Less

SoftBank has reportedly opposed the proposed timing of Oyo’s IPO, urging the company to postpone the list ...More

SoftBank has reportedly opposed the proposed timing of Oyo’s IPO, urging the company to postpone the listing until its financial performance improves, according to people familiar with the matter who requested anonymity due to the sensitive nature of the information. ...Less

Many hotels have severed ties with Oyo citing alleged discrepancies in contracts and payments. ...More

Many hotels have severed ties with Oyo citing alleged discrepancies in contracts and payments. ...Less

The event also witnessed a product showcase that highlighted the technology applications introduced by OY ...More

The event also witnessed a product showcase that highlighted the technology applications introduced by OYO to automate customers, hotel partners and employee touch points. ...Less

Over the course of last four years, Oyo has partnered with close to 12000 travel agents across India and ...More

Over the course of last four years, Oyo has partnered with close to 12000 travel agents across India and the new portal will simplify the booking experience for travel agents and will help them engage better with consumers. ...Less

Hotel owners have accused Oyo of levying new charges on partners over the past two months on an ad hoc ba ...More

Hotel owners have accused Oyo of levying new charges on partners over the past two months on an ad hoc basis. ...Less

Oyo is confident that its guests will have a quality and stress-free experience with 'Oyo Sanitised Stays ...More

Oyo is confident that its guests will have a quality and stress-free experience with 'Oyo Sanitised Stays' with Unilever's leading home and personal hygiene products, he added. ...Less

Last month, the company announced it was launching 75 new Oyo homestays in Jammu and Kashmir as part of A ...More

Last month, the company announced it was launching 75 new Oyo homestays in Jammu and Kashmir as part of Azadi Ka Amrit Mahotsav. ...Less

The companies have been locked in litigation, filing cases in various courts against each other, ever sin ...More

The companies have been locked in litigation, filing cases in various courts against each other, ever since OYO in October last year decided to call off a deal to buy Zostel’s Zo Rooms. ...Less

OYO is present in over 180 cities and has 6000 hotels in its network and promises to deliver a superior a ...More

OYO is present in over 180 cities and has 6000 hotels in its network and promises to deliver a superior app booking and room service experience ...Less

A bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leav ...More

A bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court order. The dispute traces back to 2015, when Oyo considered acquiring Zostel’s business including Zo Rooms. ...Less

Zetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of ...More

Zetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of India for an IPO, and is planning a Rs 5,000 crore offering while exploring a pre-IPO round. The startup is facing weaker market conditions, with new-age IPOs under pricing pressure and investors seeking aggressive valuations. Its operating revenue fell 11% in fiscal 2025, though net loss narrowed. ...Less

With OYO Cafe, the company will aggregate its listed hotels’ kitchens to prepare food, which it will sell ...More

With OYO Cafe, the company will aggregate its listed hotels’ kitchens to prepare food, which it will sell under its own brand. ...Less

Oyo said it has received recommendations from industry body FHRAI and will continue to engage with it and ...More

Oyo said it has received recommendations from industry body FHRAI and will continue to engage with it and its asset owners on a one to one basis. ...Less

Oyo closed its self-operated hotel model in 2020, just before the start of the first wave of COVID-19, an ...More

Oyo closed its self-operated hotel model in 2020, just before the start of the first wave of COVID-19, and is restarting after three years. ...Less

The OYO bookings made on the same day for New Year's eve in 2021 was 58 per cent. ...More

The OYO bookings made on the same day for New Year's eve in 2021 was 58 per cent. ...Less

The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and ...More

The company had filed its draft red herring prospectus (DRHP) for the IPO with Sebi in September 2021 and is aiming to raise Rs 8,430 crore. Oyo’s last submission to Sebi was the updated financial results of the first half of financial year 2022-23. ...Less