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Manoj Kohli joins Adobe International Advisory BoardAdobe has welcomed former SoftBank India head Manoj Kohli to its International Advisory Board. With decades of experience in telecom and te...
Oyo shelves IPO attempt for third time over SoftBank concerns: ReportSoftBank has reportedly opposed the proposed timing of Oyo’s IPO, urging the company to postpone the listing until its financial performanc...
SoftBank's Sumer Juneja to join Oyo boardSumer Juneja will join Oravel Stays Ltd as non-executive director, pending EGM approval, representing SoftBank Vision Fund. OYO, backed by ...
SoftBank-backed Oyo to reduce planned IPO by two-thirds amid tech headwindsIn the filing, Oyo will outline plans to sell just a third of the new shares it originally planned, eroding the amount of fresh capital it ...
SoftBank’s Masayoshi Son to join PM Modi at Oyo founder’s weddingHowever, Son’s presence is creating complexities for organisers of the New Delhi wedding reception. The 65-year-old, who increasingly prefe...
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...
SoftBank pulls out of Latin America partnership with Oyo HotelsSoftBank says the decision was made jointly with Oyo due to challenges brought about by the coronavirus pandemic, and that it would no long...
SoftBank partners with Oyo in Latam in move for more oversightSoftBank said it started the partnership with Oyo in Latin America in 2019 and the investment has been recently formalized with the creatio...
SoftBank dispatches senior executives to turn around struggling OyoOyo has been among the hardest-hit in SoftBank’s global portfolio of sharing economy outfits. It slashed its regional presence in Japan by ...
Virus hit Oyo puts Son's $2 billion guarantee at riskOyo risks turning into another problem startup for SoftBank and Son, still reeling from WeWork's meltdown.
SoftBank-backed Oyo lays off thousands across India, ChinaSoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
Oyo parent Oravel sets up 2 JVs with SoftBank's SB TopazOyo has also been contemplating setting up a global hospitality property fund that will acquire properties across markets and lease those t...
SoftBank faces Oyo riders for stake increaseThis comes at a time when Oyo has been looking to raise a new round at a valuation of over $10 billion.
Oyo and Softbank form JV to launch hotels business in JapanOyo to hold 50% while Softbank & its Vision Fund will own 25% each.
OYO and SoftBank form JV to launch hotels business in JapanThe Japanese joint venture will see OYO holding a 50% stake, with Softbank Corp and Vision Fund owning 25% each.
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.
Tencent may back Oyo with $2 billion tagSources briefed on the matter said Oyo has held discussions with other Chinese strategics and a few financial investors as well for the fun...
Oyo Rooms closing $250-mn round led by SoftBank, will be valued at $850 mnThe size of Oyo's latest funding round is half of the $500 million proposed by the Masayoshi Son-led SoftBank earlier this year.
SoftBank pays Rs 413cr for extra room at OYOThe capital infusion is expected to be used by OYO Rooms to expand its new initiative called 'Flagship', where it controls 100% of the inve...