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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...
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...
Trading volumes in unlisted shares plunge up to 70%Investor interest in unlisted shares is decreasing. Trading volumes have fallen significantly. This slowdown is due to lower prices and few...
Startup Mafia 2.0 going strong: Zomato, Freshworks, Zoho alumni launch 360 firmsIn 2023, ET reported that the second generation of the startup mafia had given rise to 253 companies. That number has since increased sharp...
Oyo rebrands corporate name to PRISM to reflect global expansionOravel Stays Limited, known as Oyo, has rebranded to PRISM, reflecting its evolution into a diversified global travel-tech, hospitality, an...
We had our maiden net profitable financial year at nearly Rs 100 cr: Oyo founder Ritesh AgarwalAgarwal had shared with employees in February that it has doubled its profit after tax (PAT) sequentially in quarter three of financial yea...
OYO founder Ritesh Agarwal launches 5 healthcare centers for underprivileged in OdishaRitesh Agarwal, the founder of OYO, has revealed plans to establish five healthcare centers in Odisha within the next year, aiming to provi...
What is Thiel Fellowship? OYO's Ritesh Agarwal got $100,000 from itRitesh Agarwal OYO founder: OYO founder Ritesh Agarwal regrets not having formal education. OYO founder Ritesh Agarwal awarded $100,000 for...
OYO founder Ritesh Agarwal missed out on college experience, but credits Thiel fellowship for 4 lessons that helped his entrepreneurial spiritOYO Rooms founder Ritesh Agarwal has reflected on his decision to drop out of college to become an entrepreneur. At 20, Agarwal founded OYO...
OYO founder Ritesh Agarwal asks to 'never forget' this; Do you agree?Oyo founder Ritesh Agarwal speech at IIM Nagpur, OYO founder Ritesh Agarwal asks not to forget roots.
Oyo tells employees it expects nearly Rs 800 crore adjusted EBITDA in FY24People familiar with the matter said Agarwal told staffers during the town hall that this can be attributed to 'sustained growth' in India,...
Oyo founder Ritesh Agarwal’s father dies after falling from Gurgaon high-rise“With a heavy heart, my family and I would like to share that our guiding light and strength, my father, Shri Ramesh Agarwal passed away on...
We need to talk: Oyo launches new feature for customer feedbackOyo said that to capture customer feedback, it has rolled out a feedback section on its website landing page, and on its app called 'We nee...
India's small towns hotbeds of entrepreneurship: OYO CEO Ritesh AgarwalThe rapid evolution of internet infrastructure, allowing cheap and quick distribution at scale, combined with access to capital provides th...
NCLAT allows withdrawal of Oyo insolvency case in setback to hoteliersOyo has reached an out-of-court settlement with hotelier Rakesh Yadav, but scores of others had approached NCLT with claims against the com...
Oyo founder in talks to buy back $1.5 billion sharesThe move, unprecedented among new-age Indian startups, will help Agarwal raise his stake to around 30%.