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S&P Global revises IPO-bound Oyo parent Prism's outlook to 'Positive'S&P Global Ratings has declared a Positive outlook for Prism, suggesting a promising trajectory for OYO's parent company. This optimistic a...- 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 parent gets Sebi nod for Rs 6,650-cr public offerOyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India for its initial public offering. The compa...
- 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.
- Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: SourcesHospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans t...
- Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
- 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...
- 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...
- Oyo completes acquisition of European firm Direct BookerThis acquisition will strengthen Oyo's presence in Europe broadly and Croatia specifically where it already has nearly 1,800 vacation homes...
- Oravel Stays infuses Rs 634.5 crore into India operations of Oyo through allotment of new sharesOravel Stays was allotted 28,31,957 shares in Oyo Hotels & Homes in lieu of the funding on November 5, documents filed with the Registrar o...
- Sequoia Capital MD steps down from Oyo board, to have observer statusBejul Somaia, partner at Lightspeed India Partners, will continue as a board member.
- Oyo plans to lay off sales staffAbout 60 salespeople in Oyo’s New Delhi and Gurgaon offices were the first to be fired and got their letters on Monday.
- Oyo crosses 5 lakh room inventory in China, to invest $100 mn in two yearsWithin 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 ...
- Oyo to partner with other companies for acquiring, leasing or managing four star hotels in IndiaAnchored by SoftBank, Oyo is in talks to raise another round of funds in the range of $1-1.5 billion at a valuation of $12.5 billion.
- Airbnb checks into Oyo with $75 m in towThe investment brings to an end Oyo’s nearly $1.1-billion Series-E funding round that saw participation from SoftBank Vision Fund, Didi Chu...
- Airbnb checks into Oyo with $200 m in towIndian hospitality co also likely to list its properties on Airbnb’s platform.
- Oyo in talks to acquire China’s QianyuThe developments come at a time when Oyo has referred to China as its second home market and has said that its Chinese subsidiary, Oyo Jiud...
- Oyo gets income tax notices for inaccurate filingPeople aware of the matter said the case is linked to non-deduction of tax deducted at source (TDS) on payments made by the company in asse...
- OYO launches customer membership programme WizardThe membership entitles its members for 5% instant discount on current booking and instant rewards in the form of OYO Money.
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