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.
ETtech Explainer | What are Esops and what do they mean for employees and employers?For companies, employee stock ownership plans (Esop) are a way of attracting and retaining the best talent by pegging a part of their compe...
FHRAI urges SEBI to reject Oyo IPO citing irregularitiesFHRAI had previously raised concerns about significant inaccuracies and inadequate disclosures in Oyo's Draft Red Herring Prospectus (DRHP).
IPO-bound Oyo gets in-principal listing approval from NSE, BSEBloomberg reported last week that the company is eyeing a valuation of about $9 billion in its initial public offering after preliminary co...
Qatar Insurance Company, HNIs acquire stake in IPO-bound OyoThe secondary transactions, which were executed at Rs 110 per share and include nearly 1.43 crore equity shares as well as 2,500 preference...
Flipkart tops Indian tech Esops list with Rs 17,000 crore poolThe homegrown e-tailer was followed by Oyo, Zomato, Paytm and Nykaa, according to data exclusively sourced by ET from executive search firm...
Oyo adds 20 cr shares to existing ESOP pool, expands employee stock options to 63 cr sharesPeople familiar with the matter said over 80 per cent of current employees at Oyo have been granted ESOPs and around 12,000 current and for...
Oyo India offers voluntary separation or leave extension to employeesThe company said that for those who opt for VSP, the company will provide benefits such as financial assistance, relaxation on ESOP vesting...
Softbank backed Oyo Hotels & Homes begins restoring salaries of employeesSoftbank backed Oyo Hotels & Homes has announced it is restoring full salaries of employees with a fixed compensation of upto Rs 8 lakh and...
Oyo sends letter to staff stating it's making all employees shareholdersIn April, Oyo announced pay cuts and 'leave with limited benefits' options for its staff in India.
From Oyo to Zomato, startups soften pay cuts by expanding Esops poolCompanies may grant 12-15% of their overall stockholding to ESOPs to help staff hit by cuts, furloughs.
Oyo announces ESOPs for all furloughed employees impacted by Covid-19Oyo is also actively working with the company's investors to identify opportunities in their portfolio companies and help its employees wit...
Startups like Zomato, Oyo offer more Esops to staff to ease pay cut painIn April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the ca...
OYO offers to buy shares from employees, ex-workers for up to Rs 50 crThe company expects the total ESOP liquidity programme to be worth around USD 150 - USD 200 million over the next few years.
OYO Esops to get 2,000 more stock optionsThis takes the number of shares issued by the company to 8,893. OYO has over 10,000 employees.
OYO approves new ESOP plan with additional benefitsThe ESOP will be administered by a compensation committee formed by the board of directors, which will establish procedures for the adminis...
Flush with investor money, smaller startups like Edureka, OYO Rooms lining up to hire top global talent to drive growthA bunch of senior executives is quitting high-flying careers abroad to join smaller startups such as Edureka, OYO Rooms, Urban Ladder, Faas...