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OYO BOOKINGS NEWS
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...
- Coforge-Cigniti merger; Oyo acquires G6 HospitalityHappy Tuesday! Coforge and Cigniti Technologies move closer to a merger. This and more in today’s ETtech Morning Dispatch.
- Apple supplier Jabil eyes expansion; Ixigo, Go Digit financialsApple supplier Jabil plans to expand operations in India, one of the world's fastest-growing markets for iPhones. This and more in today’s ...
- Peak XV downsizes $2.85 billion fund; Paytm’s employee costs go upHappy Wednesday! Peak XV Partners, formerly Sequoia Capital India, is cutting down the size of its 2022 fund by 16%. This and more in today...
- Zepto’s mega fundraise; Oyo funding gets shareholder nodQuick commerce company Zepto has raised $665 million from new and existing investors. This and more on today’s ETtech Top 5.
- Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore fundingZomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on thi...
- Oyo witnesses 167% rise in bookings for long weekendAs per the booking trends, spiritual and pilgrimage destinations are witnessing high demand, indicating a shift towards prioritising spirit...
- Indian startup IPO plans get redrawn amid tech turbulence; SVB sold to First Citizens BankAs the so-called funding winter continues, Indian startups like Oyo and Mamaearth are redrawing their Initial Public Offering (IPO) plan. T...
- Truecaller goes public; CarDekho heads for unicorn clubTruecaller, the Swedish-yet-desi company that changed the way we all use our phones, made its debut on Nasdaq Sweden earlier today with a m...
- Oyo’s IPO filing; Facebook official grilled in US senateOyo Hotels & Homes, India’s third-highest-valued private startup, has filed its draft IPO papers with the capital markets regulator. It see...
- Startups, led by Zomato, are feeding India’s $8.8-bn IPO frenzy this yearThe Zomato IPO opened people’s eyes to India and the pathways to listings by privately funded, homegrown unicorns—from Paytm to Byju’s and ...
- 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...
- 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 ...
- Oyo is slashing footprint and headcount in virus-hit JapanThe company’s expansion proved overly aggressive and it was scaling back even before the coronavirus outbreak, slashing staff in China by a...
- 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.
- Housing.com enters co-living listing biz; partners OYO, Zolo"We are entering into co-living segment which is a big growth area.We have launched an exclusive section for co-living on our Housing.com, ...
- Layoffs at unicorn club set tone for tougher 2020Quikr has laid off close to 1,000 employees, which is about a third of its total 3,000 workforce over the last few weeks, said a source, ev...
- OYO's expansion isn't the best use of unicorn fundsFounder Ritesh Agarwal has big plans for the startup, which already has 10,000 hotels in 160 Indian cities.
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