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Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- Oyo readies market debut; IT's comeback rallyOyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.
- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- IPO-bound Oyo eyes doubling of revenue from company serviced hotels by FY26Oyo introduced company-serviced hotels in FY23, initially contributing less than 2% of its booking revenue. Since then, the rapid expansion...
- Hospitality startup Oyo readying to file IPO papers in first quarterAfter two previously shelved attempts, the hospitality company Oyo is reviving its initial public offering (IPO) plans, aiming to file draf...
- Oyo investors look to sell stake at $3.9-billion valuationHospitality startup Oyo’s early investors, such as Lightspeed Venture Partners, are in talks with family offices to divest a portion of the...
- Deutsche Bank to refinance Oyo's Term Loan BOyo is refinancing its $450 million debt and adding $375 million to acquire G6 Hospitality. Moody's upgraded Oyo's rating to B2, projecting...
- Oyo records 83% YoY growth in business travel, Delhi emerged as most booked cityOyo said Delhi has emerged as the most booked business city, closely followed by Hyderabad. The other top cities in terms of bookings are B...
- Oyo plans to add around 400 properties in leisure markets by the end of this calendar yearThe company has added around 600 properties in leisure destinations so far this year. It will focus on 19 leisure markets such as Goa, Shim...
- SoftBank cuts Oyo’s valuation to $2.7 billion ahead of planned IPOThe Japanese investor’s latest valuation of Oyo – as of June quarter – is based on comparison to similar firms in the public markets, peopl...
- Oyo restates losses to Rs 2,140 crore for FY22; files fresh IPO docs with SebiOyo 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.
- Oyo is raising a loan that’s seen as a precursor to listingOyo 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, ...
- OYO hotel sales globally jump over 4-fold to USD 1.8 bn in 2018Globally, OYO Hotels & Homes is present in over 500 cities across eight countries.
- OYO expanding international footprint in Philippines: SourcesThe SoftBank-backed company, which ventured into international markets in 2016, already has a presence in the UK, the UAE, China, Indonesia...
- OYO makes room for business travellersThe brand, priced higher than the more pocket-friendly OYO Rooms, is targeted at millennial business travellers and offers amenities like a...
- China’s Didi Chuxing may back OyoSome investors like Didi and shared office startup WeWork have opted to only back the company’s Chinese subsidiary.
- Oyo’s valuation set to cross $4 billion in new roundOyo is in talks to raise up to $1 bn in a deal that could usher it into India’s crowding Unicorn club.
- OYO forays into holiday packages, targets 10% salesIn the holiday package segment, OYO is mainly targeting couples, families and friends travelling together between 25-45 years.
- OYO cuts losses to Rs 325 cr in FY17The SoftBank-backed company also said in the quarter ended June, it posted its highest grossing months with total booking value touching ne...
- OYO Rooms to expand network to 2,000 hotels by year-endIt said the company has India's largest branded network of hotels, having grown to 400 hotels from one hotel in Gurgaon less than two years...
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