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OYO TOWNHALL
Oyo becomes most profitable Indian startup in FY25 with Rs 623 crore profit: Founder Ritesh AgarwalOyo became India's most profitable startup in FY25 with a PAT of Rs 623 crore, up 172% YoY. It posted 27% growth in adjusted Ebitda and 20%...- Oyo's valuation at $4.6 billion after Nuvama Wealth acquires Rs 100 crore stakeOyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The co...
- Ritesh Agarwal to invest Rs 550 crore to increase his shareholding in OyoOyo's CEO, Ritesh Agarwal, is increasing his stake in the company by purchasing an additional Rs 550 crore worth of shares. This move comes...
- Oyo clocks net profit of Rs 132 crore in Q1 of FY25Oravel Stays Ltd., the parent company of Oyo, has clocked a net profit for the first quarter of the fiscal year 2025, founder Ritesh Agarwa...
- Oyo clocks Rs 30-crore profit in Q3FY24, founder Ritesh Agarwal tells employeesPeople familiar with the matter said Agarwal stated that in the upcoming quarters, it anticipates a consistent rise in PAT, driven by ‘enha...
- Govt notifies Angel Tax rules for startups; Zerodha’s FY23 revenues & profits soarThe government notified the new Angel Tax rules on Tuesday, retaining the five valuation methodologies suggested in the draft rules. The ru...
- Oyo to report maiden net profit of Rs 16 crore in ongoing quarterIn an email to the company’s top management, Agarwal said Oyo has published its annual accounts for FY23 and that it has achieved operation...
- Oyo tells employees it turned cash flow positive in Q4 2023Sources said the positive cash flow trajectory is expected to continue into the first quarter of FY2024. The company’s cash corpus on the b...
- Expect first full year of Ebitda profitability, Oyo tells employeesThe hospitality chain had reported an adjusted Ebitda of Rs 63 crore in the first half of FY23 (H1FY23) according to previous filings with ...
- 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 ...
- Softbank backed Oyo Hotels & Homes begins restoring salaries of employeesSoftbank backed Oyo Hotels & Homes has announced it is restoring full salaries of employees with a fixed compensation of upto Rs 8 lakh and...
- Oyo notifies employees about layoffs via emailsLayoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employees were notified on Tuesday.
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