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OYO ACQUISITION
Indian corporations poised to become large brand owners in US: Oyo founder Ritesh AgarwalIndian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyon...- 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 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...
- Oyo-parent Prism secures Sebi's nod to launch Rs 6,650-crore IPOOyo'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 b...
- Oyo parent PRISM's G6 Hospitality launches 38 new hotels across the USPRISM, the company behind Oyo, has launched 38 Studio 6 extended stay hotels across the United States. This expansion follows PRISM's acqui...
- IT cos slash US teams; D2C luggage brands hit turbulenceHappy Thursday! Indian IT firms have begun cutting jobs in their US teams, according to filings. This and more in today's ETtech Morning Di...
- Rediff files confidential IPO papers; eyes Rs 600-800 crore fundraiseThe proposed initial public offering could raise between Rs 600 crore and Rs 800 crore, although the final size will depend on market condi...
- OYO Assets plans to acquire 12 hotels in next six monthsOYO parent PRISM-backed OYO Assets plans to acquire 12 hotels in H2 of this financial year to expand its premium and mid-premium portfolio,...
- SC dismisses Zostel's appeal against OyoA bench comprising Justice Sanjay Kumar and Justice Satish Chandra Sharma dismissed Zostel’s special leave petition against the High Court ...
- 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...
- Oyo completes G6 Hospitality acquisition from Blackstone Real Estate for $525 millionOyo has acquired G6 Hospitality, including Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. This acquisition will...
- AAHOA Welcomes OYO's Acquisition of G6 BrandsWith an estimated 98% of G6 Hospitality properties owned by AAHOA Members, this landmark deal marks a promising opportunity for continued g...
- 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 concludes acquisition of Europe-based holiday homes operator Bornholmske FeriehuseBornholmske Feriehuse has over 700 homes on its platform and is based out of Bornholm island in Denmark. Oyo said it is expected to clock m...
- 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...
- Oyo acquires Copenhagen-based data science company Danamica for an undisclosed sumAcquisition comes about a month after the SoftBank-backed company committed €300 million investment in its European vacation rentals busine...
- 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 acquires Chennai's Novascotia Boutique HomesWhile OYO company executives declined to furnish the financial terms of the acquisition, the SoftBank Group-backed company is believed to h...
- Zo Rooms takes Oyo to court for 'data theft'Alleges data stolen during due diligence as part of a failed acquisition; Oyo says it’s an attempt to ‘arm-twist for a deal’
- The curious case of Oyo's acquisition of Zo RoomsSoftBank announced the deal in its earnings report but the companies are yet to ink a formal agreement. In fact, there are chances of the a...
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