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OYO INDIA NEWS
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...- 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's new rule: Why India’s hotels must not surrender to the marriage policeOyo Hotels' decision to ban unmarried couples in Meerut, influenced by societal complaints and political pressures, highlights the challeng...
- Manager explains why Oyo hotels in Meerut are turning away unmarried couplesOYO has introduced a new policy for its partner hotels in Meerut that bans unmarried couples from checking in without proof of their relati...
- Oyo withdraws IPO application, opts for private funding at 70% valuation cutHospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.
- Oyo announces a free stay after 5 night staysOyo has also tied up with 13+ renowned brands such as Dominos, Lenskart, Rebel Foods, Gaana, among others to offer users discount coupons a...
- Court says Zostel to get option for amount equal to 7% in Oyo parent if it wins caseHC tells Oyo to inform Sebi of latest order but restrains Zostel from writing to authorities
- Oyo gets Delhi HC relief on IPO challenge from ZostelPeople in the know said Zostel is likely to approach a division bench of the high court to challenge the order, pronounced by a single-judg...
- Oyo eyes a $26 billion opportunity in India by 2030, Bernstein saysOyo sees a $26 billion opportunity in India by 2030 as it considers India its main growth area, which contributes over 90% to its revenues,...
- Oyo Rooms files DRHP for Rs 8,430 crore mega IPOOnline food delivery firm Zomato, in July, made a stellar debut on the bourses here setting the stage for domestic startups to ride on the ...
- Company continued to hold on to close to $ 1 bn cash, tracked to runway very closely: Oyo founder Ritesh Agarwal to employeesAgarwal was talking to employees in India, US, Japan, China and other markets in a 'fireside chat' session alongside board member Troy Alst...
- Oyo India staff seek adequate compensation, may move courtAfter announcing pay cuts in fixed compensation of up to 25% in April, Oyo had put some employees on LwLB for four months from May. On Tues...
- 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...
- Masayoshi Son’s real estate bet has some big problemsThe shortfall signals more trouble ahead for SoftBank and one of its most highly touted investments.
- Oyo's layoffs have hotel partners worriedHoteliers are unable to contact company representatives who were doing business with them.
- Oyo to shut doors on 2,400 Indian staffers, may let go more in MarchLayoffs will be in mid-management, business development, sales and operations roles, & tech teams.
- Chinese media goes to town on Oyo layoffs, company denies itNews reports say firm sacked about 1,000 employees at its subsidiary Oyo Jiudian.
- OYO commits $300 million investment in the US for growthCompany says it now operates 50-plus properties in 35 cities across 10 states, and will enter New York, Los Angeles and San Francisco next.
- Oyo good for market: KJ AlphonsThe tourism ministry came out with its own set of voluntary guidelines for OTAs and bed-and-breakfast establishments and home-stay options ...
- SoftBank leads $90 million funding in OyoMop-Up in 2 tranches after investor exits with 240X gains in less than four years
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