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OYO LOSS
Zetwerk IPO: Company files confidential papers for Rs 5,000 crore offeringZetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of India for an IPO, and is planning...- B2B firm Zetwerk eyes Rs 500 crore pre-IPO round at $3 billion valuationManufacturing marketplace Zetwerk is in discussions to raise approximately Rs 500 crore in pre-IPO funding from Bharat Value Fund and HNIs,...
- Oyo's GBV reached Rs 10,700 crore in FY24, co reports first time PAT of Rs 229 cr for last fiscalAs per new filings accessed by ET, Oyo's hotel count grew from 12,938 hotels at the end of financial year 2023 to 18,103 at the end of fina...
- Oyo EBITDA sees 8-fold jump in Q2, loss narrows to Rs 333 cr sequentiallyAs per the addendum, first-half revenue rose 24% to Rs 2,905 crore from the year ago. It swung to a profit of Rs 63 crore in the first half...
- IPO-bound Oyo reports EBITDA of Rs 56 crore in Q2 as per financials submitted to SebiSEBI had given Oyo the permission to submit updated financials before it examined and finally processed the company’s IPO application.
- Oyo plans to add around 400 properties in leisure markets by the end of this calendar yearThe company has added around 600 properties in leisure destinations so far this year. It will focus on 19 leisure markets such as Goa, Shim...
- IPO-bound Oyo valuation dips in pvt market after reported markdown by investor SoftBankOyo said its total number of 'storefronts' was down at 1,68,012 in the quarter ended June 30, 2022 from 1,68,639 as on March 31, 2022 due t...
- SoftBank-backed Oyo seeks to resurrect IPO after growth resumesOyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and ...
- 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).
- Hotel and restaurant body urges Sebi to reject Oyo IPO citing irregularitiesFHRAI has cautioned that Oyo’s IPO will wipe out public wealth while enriching its founders and key management.
- After CCI and NCLAT, FHRAI takes its fight with Oyo to NITI AayogFHRAI said it has submitted a representation to NITI Aayog which highlights the hospitality industry’s 'plight' with reference to Oyo’s bus...
- Oyo checks out from unviable ventures, assetsOyo Hotels & Homes has surrendered some co-working spaces and cut back on its co-living and rental housing business under Oyo Life over the...
- SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: SourcesThe hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-hal...
- 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.
- Oyo loss widens to $335 millionOyo, which is laying off staff across the globe including India as it struggles to rein in costs, said losses in its home market went up to...
- Oyo reports $335 million loss on revenue of $951 millionLosses climbed to $335 million, or 35% of revenue, from $53 million, or 25% of revenue, as the startup expanded into China and other new ma...
- OYO partners ACKO to launch complimentary insurance cover for guestsThe insurance cover will be applicable to bookings made via OYO app, website, mobile website, direct bookings as well as walk-ins.
- Oyo announces investment of Rs1400 crore in India, launches new Collection O brandFounder Ritesh Agarwal said losses as a percentage of realised value (Oyo Hotels’ sales run rate) are reducing year-on-year from 44.5% in f...
- Oyo to focus on weekend business to drive growthExpect loss to narrow further and record healthy operating margins this fiscal: Ritesh Agarwal.
- OYO cuts losses to Rs 325 cr in FY17The SoftBank-backed company also said in the quarter ended June, it posted its highest grossing months with total booking value touching ne...
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