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OYO BUSINESS MODEL
India's youngest self-made billionaire is looking for a room on D-StreetA teenager once pitched ₹30 lakh for a slice of his startup and mostly got no for an answer. That same idea now heads toward the public mar...- PRISM’s IPO filing mentions Zostel case, CCI investigationIn its UDRHP-I filing to Sebi, the company any 'adverse' outcome in legal proceedings involving Zostel may materially and adversely affect ...
- PRISM files IPO papers for Rs 6650 crore fresh issue, reports Rs 748 crore profit in 9MFY26Oyo's parent company, PRISM, has filed its IPO papers with SEBI, planning a Rs 6,650 crore fresh issue to repay borrowings. The hospitality...
- Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
- Oyo parent PRISM's G6 Hospitality launches 38 new hotels across the USPRISM, the company behind Oyo, has launched 38 Studio 6 extended stay hotels across the United States. This expansion follows PRISM's acqui...
- Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
- IPO-bound Oyo eyes doubling of revenue from company serviced hotels by FY26Oyo introduced company-serviced hotels in FY23, initially contributing less than 2% of its booking revenue. Since then, the rapid expansion...
- 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...
- 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 witnessing green shoots in India: Ritesh Agarwal, founder, Oyo Hotels & HomesIn China occupancies continue to grow steadily and are in the mid-forties. Given the fluid Covid situation, any talk of bounceback needs ad...
- Oyo suspends payments to hotels; Partners say clause not in contractOyo stated in the letter that since hotel revenues have dwindled and are unlikely to improve in the next few months it is constrained to ex...
- Everyone's favourite startup Oyo is hit hard by hyper growth, a supposed toxic work culture. Can it hit refresh?When Oyo was everyone’s favourite startup, there would be regular reports of the company aggressively entering newer markets. In the last t...
- Oyo to end unprofitable contracts as SoftBank sets pre-IPO deadlineThe company runs about 800 hotels under a self-operated business model, where it makes investments and has leasing arrangements with proper...
- OYO Hotels enters IndonesiaAt the time of entry, the properties will be operated under models of manchise, lease with full - inventory control similar to other market...
- OYO makes room for business travellersThe brand, priced higher than the more pocket-friendly OYO Rooms, is targeted at millennial business travellers and offers amenities like a...
- OYO checks into UK, to put £40 million over 2 yearsStarting its operations with four properties in London that would offer about 80 rooms, OYO plans to take the number to more than 5,000 roo...
- OYO Hotels signs MoU with SBI and Bank of Baroda to offer financial support for small hotelsIn the past, partner hotels have witnessed an increase in revenue and occupancy levels after becoming a part of OYO’s chain of hotels.
- 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 plans to double its inventory of 70000 rooms to 1.5 lakh next yearOYO trimmed its losses to Rs 325 crore in the 2016-17 from Rs 496 cr in the previous year, according to a blog posting on its website by CF...
- OYO plans to hire 5,000 people in eight monthsGurugram-based firm will hire through the recruitment process outsourcing route. It has entered into a 7-year multi-million dollar contract...
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