PRISM is set to scale back its initial public offering from Rs 6,650 crore to Rs 3,350 crore in light of ...More

PRISM is set to scale back its initial public offering from Rs 6,650 crore to Rs 3,350 crore in light of its robust cash flow and enhanced balance sheet. The majority of the newly structured funds will focus on repaying or prepaying debts. Moody's Ratings has adjusted PRISM's outlook to positive, anticipating growth in EBITDA. Notably, OYO's founder, Ritesh Agarwal, and SoftBank maintain substantial stakes in the venture. ...Less

Prism, the company behind Oyo Hotels, has slashed its initial public offering (IPO) size from 66.5 billio ...More

Prism, the company behind Oyo Hotels, has slashed its initial public offering (IPO) size from 66.5 billion to 33.5 billion rupees. Initially aiming for a lofty $12 billion valuation back in 2021, Prism has encountered a series of delays, including a confidential filing in March 2023 and its third postponement in May. ...Less

At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed wh ...More

At GFF 2026, PRISM founder Ritesh Agarwal and Adyen’s Chief Commercial Officer Roelant Prins discussed why, for merchants such as small hotel owners, how quickly money arrives now matters as much as whether a payment is accepted, and why AI is changing back offices faster than it is changing how people buy. ...Less

Eternal’s Q2 profit has surged, with Blinkit contributing significantly to the growth. This and more in t ...More

Eternal’s Q2 profit has surged, with Blinkit contributing significantly to the growth. This and more in today’s ETtech Top 5. ...Less

byteXL has appointed four senior executives across operations, business, strategy and finance as it prepa ...More

byteXL has appointed four senior executives across operations, business, strategy and finance as it prepares to scale its institutional network from 40 to 120 colleges and reach 500,000 students over the next two years. The company is also expanding programmes in AI, GCCs, electric vehicles, semiconductors and precision engineering as it shifts towards a deeper technology focus. ...Less

As Indian enterprises branch out to international markets, a fragmented payments ecosystem, non-compatibl ...More

As Indian enterprises branch out to international markets, a fragmented payments ecosystem, non-compatible with the local payment rails, can be a major roadblock. PRISM’s journey to global markets, and its partnership with Adyen, highlights how a unified payments platform can mitigate the pain points and help businesses integrate local payment experiences with global scale seamlessly. Read on! ...Less

School assembly news headlines for October 23, 2026, cover major developments across India, international ...More

School assembly news headlines for October 23, 2026, cover major developments across India, international affairs, sports and business. Key updates include PM Modi’s diplomatic engagements, Sirpur’s UNESCO recognition, India’s medal-winning performances at the Asian Para Games, India’s T20 victory over New Zealand, and developments involving the Jio Platforms and OYO parent company IPOs. These concise headlines help students stay updated on current affairs and strengthen their general knowledge. ...Less

Following the National Stock Exchange's recent listing, the unlisted share market has encountered a subst ...More

Following the National Stock Exchange's recent listing, the unlisted share market has encountered a substantial reduction in trading activity, with brokers reporting nearly a 50% drop in average daily transactions. Despite a rise in interest for companies like API Holdings and PPFAS, none compare to the NSE's allure. Still, investor curiosity persists, hinting at bright possibilities ahead in the market. ...Less

Jio Platforms' recent IPO generated considerable public enthusiasm, showcasing a notable appetite for lar ...More

Jio Platforms' recent IPO generated considerable public enthusiasm, showcasing a notable appetite for large-scale offerings among investors. This wave of interest could prompt other firms to accelerate their IPO plans. Experts suggest that the viability of future IPOs will hinge on prevailing market trends and investor mood. Additionally, the significant funds from Jio's IPO will soon be redirected into various investment avenues, potentially bolstering upcoming offerings and shaping pricing strategies. ...Less

Though obtaining an MBA from an Indian Institute of Management is a goal for many, Megha Sarayan opted fo ...More

Though obtaining an MBA from an Indian Institute of Management is a goal for many, Megha Sarayan opted for an alternate route. The University of Calcutta economics alumnus turned down an offer from IIM Kozhikode after successfully passing the entrance exam and intensive interviews. Instead, she concentrated on expanding her baking business, which now allegedly earns more than Rs 2 crore each year. ...Less

Indian businesses are going global, and international players are turning towards India. Adyen, with its ...More

Indian businesses are going global, and international players are turning towards India. Adyen, with its global platform and local expertise, is helping navigate payments and regulatory requirements in India and outside. Terming India an ‘exciting market ’, Adyen is recognising and fulfilling the need for a single infrastructure layer capable of connecting global systems to the local markets. ...Less

Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top f ...More

Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations. ...Less

A tragic incident unfolded when 34-year-old B Sirisha was found dead in an OYO hotel room on Tuesday. Her ...More

A tragic incident unfolded when 34-year-old B Sirisha was found dead in an OYO hotel room on Tuesday. Her companion, A Srinivas, reportedly checked out early, claiming she would follow later. Authorities suspect a possible fight between the couple led to her death. Forensic teams were dispatched to gather essential evidence, with police conducting a search for Srinivas across multiple transit locations. ...Less

Fitch Ratings has revised Oyo parent PRISM’s outlook to Positive from Stable while affirming its ‘B’ rati ...More

Fitch Ratings has revised Oyo parent PRISM’s outlook to Positive from Stable while affirming its ‘B’ ratings, citing improving leverage, stronger cash generation and sustained revenue growth. The agency expects EBITDA leverage to fall to 3.8x by FY28 and sees potential for further deleveraging if IPO proceeds are used for debt repayment. ...Less

Mamta Ben, a spirited woman from Surat, India, made a bold move to Canada nearly forty years ago. Now, sh ...More

Mamta Ben, a spirited woman from Surat, India, made a bold move to Canada nearly forty years ago. Now, she proudly maneuvers vans and large trucks on the bustling Canadian highways. Her remarkable journey caught the attention of Anupam Kher during an encounter, leading him to share her motivational tale. With a warm 'Jai Hind,' she reaffirms her bond with India and dedicates three months annually to her homeland. ...Less

The unlisted-share market has seen wide price swings in 2026, with MSEI more than doubling its indicative ...More

The unlisted-share market has seen wide price swings in 2026, with MSEI more than doubling its indicative value, while Zepto has nearly halved. According to Unlisted Arena data, Goodluck Defence & Aerospace, PPFAS, API Holdings and Prisma Global AI were among the other notable gainers, while NCDEX, OYO, GFCL EV Products and Garuda Aerospace also declined. ...Less

In a heartfelt decision following her father's death, a woman from Bengaluru transitioned from her IT car ...More

In a heartfelt decision following her father's death, a woman from Bengaluru transitioned from her IT career to driving for Rapido. Her aim was to offer better care for her family, especially her mother, despite initial objections from relatives. Embracing this new chapter, she discovered a fresh sense of fulfillment. ...Less

For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major publi ...More

For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors. ...Less

Singh, who joined Practo as chief operating officer in January 2025, took over as CEO effective September ...More

Singh, who joined Practo as chief operating officer in January 2025, took over as CEO effective September 1. He will oversee the company’s strategy, growth and operations across global markets. Before Practo, Singh held senior roles at Bharti Airtel, Unacademy and Oyo. ...Less

Seed round led by Zeropearl VC will support two new centres in Delhi NCR, expansion of specialist teams a ...More

Seed round led by Zeropearl VC will support two new centres in Delhi NCR, expansion of specialist teams and technology-led patient care ...Less

Agentic commerce refers to AI-led shopping where software can search, compare, order, and pay on a user’s ...More

Agentic commerce refers to AI-led shopping where software can search, compare, order, and pay on a user’s behalf. The National Payments Corporation of India (NPCI) is preparing the proposed Unified Agent Protocol to establish identity, consent, and accountability for agents transacting over the Unified Payments Interface (UPI). ...Less

With plans for a substantial expansion in India's digital payments sector, Adyen is actively recruiting m ...More

With plans for a substantial expansion in India's digital payments sector, Adyen is actively recruiting more staff to address surging demand. This growth is largely attributed to a rise in cross-border transactions and the influx of multinational clients. Since acquiring relevant licenses, Adyen has been enhancing its presence in India and now sees promising long-term growth opportunities ahead. ...Less

Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETte ...More

Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETtech Top 5. ...Less

The Tooro Kingdom mourns the loss of King Oyo, the youngest reigning monarch who passed away at the age o ...More

The Tooro Kingdom mourns the loss of King Oyo, the youngest reigning monarch who passed away at the age of thirty-four. Ascending the throne at just three years old, he led initiatives focused on youth empowerment, education, and climate action throughout his reign. His death has prompted a wave of tributes from across Uganda, honoring his legacy as a distinguished and influential traditional leader. ...Less

King Oyo Nyimba Kabamba Iguru Rukidi IV, the Tooro Kingdom monarch, has died at age 34. He became the wor ...More

King Oyo Nyimba Kabamba Iguru Rukidi IV, the Tooro Kingdom monarch, has died at age 34. He became the world's youngest reigning monarch after his coronation at just three years old. His death was announced by Tooro's prime minister late Thursday evening. News of his passing has triggered widespread grief across Uganda and its traditional kingdoms. Officials confirmed an heir exists, ensuring the continuity of the royal line. ...Less

Oyo parent Prism reported a substantial profit increase for fiscal 2026. Consolidated revenue from operat ...More

Oyo parent Prism reported a substantial profit increase for fiscal 2026. Consolidated revenue from operations also saw a significant rise of fifty percent. Ebitda more than doubled, driven by higher business volumes and acquisitions. Gross booking value increased substantially, reflecting strong market performance. The company is now considering a large initial public offering. ...Less

PRISM operates a single technology-enabled platform across more than 35 countries, with technology and pr ...More

PRISM operates a single technology-enabled platform across more than 35 countries, with technology and product engineering, pricing and revenue management, reservations, customer support, finance, marketing operations and procurement largely built and run from India. ...Less

With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, De ...More

With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, Delhivery, Swiggy, Oyo, Freshworks and Ola, all of which won the biggest honour over the 11-year history of the awards. ...Less

Zostel withdrew a new application against Oyo parent PRISM in Delhi High Court. The court dismissed the a ...More

Zostel withdrew a new application against Oyo parent PRISM in Delhi High Court. The court dismissed the application as withdrawn, finding it lacked merit. This dismissal follows Zostel's withdrawal of an earlier application on July 8. ...Less

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick th ...More

Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times Startup Awards (ETSA) 2026. ...Less

Babycare rapid delivery platform Peeko has raised $7 million in a funding round led by Chiratae Ventures ...More

Babycare rapid delivery platform Peeko has raised $7 million in a funding round led by Chiratae Ventures to expand its business, technology and team. The startup, which has 30,000 SKUs across three Bengaluru dark stores, plans to enter new cities. It offers babycare products with deliveries within 60 minutes. ...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

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

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

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

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

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

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

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

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

"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

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

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

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

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 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

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

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

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

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

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

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

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

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

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 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

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 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

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

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

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

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

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

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

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

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

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

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

Himavant Kurnala has been appointed chief growth and product officer (CGPO) of Instamart, while Nitesh Ga ...More

Himavant Kurnala has been appointed chief growth and product officer (CGPO) of Instamart, while Nitesh Garg has been appointed the chief technology officer (CTO). Saurav Goyal has been appointed chief operating officer (COO) of food marketplace Swiggy. ...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

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

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

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

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

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 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

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 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 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 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

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