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HOSPITALITY STARTUP OYO
Oyo parent Prism Hotels receives Sebi nod for IPOPrism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds fo...- 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...
- Oyo elevates Sonal Sinha as CEO of newly acquired G6 HospitalityOyo has appointed Sonal Sinha as CEO of G6 Hospitality, the American motel company it recently acquired. This addition is expected to bring...
- Hospitality startup Oyo readying to file IPO papers in first quarterAfter two previously shelved attempts, the hospitality company Oyo is reviving its initial public offering (IPO) plans, aiming to file draf...
- Oyo investors look to sell stake at $3.9-billion valuationHospitality startup Oyo’s early investors, such as Lightspeed Venture Partners, are in talks with family offices to divest a portion of the...
- Former Oyo exec Abhishek Gupta joins Lenskart as CFOGupta left Oyo in March this year and joined Lenskart in August, as per his LinkedIn profile. In December, Oyo said Gupta would be stepping...
- Oyo finalises Rs 1,000 crore fundraise from Indian family officesOyo fundraise: Hospitality startup Oyo is raising around Rs 1,000 crore from family offices and investors. The fundraise aims to value Oyo ...
- Oyo withdraws IPO application, opts for private funding at 70% valuation cutHospitality company Oyo has withdrawn its draft IPO papers for the second time, which it had filed in March 2023.
- 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 ...
- Microsoft finalises strategic investment in Oyo at $9 billion valuationSources told ET that the global technology major will initially buy a small stake, but it has the option to raise ownership later.
- 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...
- Oyo to triple room count in Himachal Pradesh by 2022OYO opened its doors in the state in 2015 and since then it has added over 570 hotels and 7,500 rooms especially in Shimla, Dharamsala, Kas...
- Oyo founder Ritesh Agarwal set to raise stake to 30% in $2.2 billion transactionOyo boss is set to buy stake from Sequoia, Lightspeed and infuse $700 m in primary investment.
- OYO offers to buy shares from employees, ex-workers for up to Rs 50 crThe company expects the total ESOP liquidity programme to be worth around USD 150 - USD 200 million over the next few years.
- OYO makes room for former IndiGo President Aditya GhoshSoftBank-backed hospitality chain names former IndiGo president as its first CEO for India and South Asia.
- Jio pushes boundaries of both technology and humour with JioJuiceThe announcement has received all sorts of reactions with many calling it a revolutionary innovation while others regarding it as just a pr...
- Oyo changes business model from aggregation to franchiseThe hotels that were part of the aggregation model have converted into franchises. The shift was mainly to reduce operational costs and imp...
- OYO opens Gurgaon campus, plans to launch a skill training centreThe startup will also open a skill training institute in Gurgaon to train and certify workers in the hospitality industry.
- Advisory firm Noesis drags OYO Rooms to court over Rs 1.5 crore payment failureThe hospitality advisory firm has claimed that the $400-million startup has failed to make the payment despite using their services during ...
- Hospitality professionals shift loyality to startupsSeveral hospitality professionals are marching out from premium hotels to a bevy of budget hotel startups that are mushrooming across the c...
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