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OYO BUYBACK
Oyo gets shareholder nod to raise Rs 417 crore via preference sharesMoody’s projects Oyo's EBITDA to reach $125 million in FY 2024-2025, inclusive of ESOP expenses. This outlook underscores the company's com...- We had our maiden net profitable financial year at nearly Rs 100 cr: Oyo founder Ritesh AgarwalAgarwal had shared with employees in February that it has doubled its profit after tax (PAT) sequentially in quarter three of financial yea...
- OYO withdraws DRHP, to refile IPO post refinancing: SourcesOYO IPO: Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing ...
- JP Morgan extends Rs 200 crore credit facility to OyoJP Morgan has provided Oyo with a Rs 200 crore credit facility to support the expansion of Oyo's Accelerator Programme. Launched in March l...
- Oyo approaches SEBI to expedite IPO approvalOyo is keen to expedite its IPO approval and is said to have informed the regulator about a partial prepayment of $200 million of Oyo's out...
- 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...
- Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employeesAgarwal shared the update about the two-fold increase in the company's profit during an employee town hall on Friday.
- Oyo elevates Rakesh Kumar as chief financial officerBefore joining Oyo, Kumar worked with EY, where he contributed to a wide array of services, including statutory audits, tax audits, IFRS co...
- Oyo to prepay over Rs 1,600 crore debt via buybackThe move comes on the back of Ritesh Agarwal-led startup reporting its first-ever profit in the second quarter of 2023-24, with a profit af...
- Mamaearth, Cult.fit snap up offline firms; Jio Platforms to bet $200M on GlanceWhile it may be too early to call it a trend, these aren’t the first tech startups to acquire old-school firms since the start of the pande...
- Swiggy and Meesho offer their staff new Esops buyback optionSeveral companies including Flipkart, Urban Company, Unacademy, Moglix, Oyo, and Razorpay have gone in for stock buybacks in the recent pas...
- Sequoia Capital MD steps down from Oyo board, to have observer statusBejul Somaia, partner at Lightspeed India Partners, will continue as a board member.
- Oyo founder Ritesh Agarwal investing $700 m in $1.5-B fresh roundInvestment to be routed via RA Hospitality and financed by the $2-2.2b debt Oyo CEO had raised.
- Oyo parent Oravel sets up 2 JVs with SoftBank's SB TopazOyo has also been contemplating setting up a global hospitality property fund that will acquire properties across markets and lease those t...
- Oyo founder’s $1.5 billion stock buyback plan gets CCI nodRitesh Agarwal plans to undertake a $1.5 bn stock buyback, & pump in an additional $500 mn into OYO.
- Oyo sets aside €300 million for its vacation rental businessThe firm intends to drive deeper into Europe with the investment that may also see Oyo, through its Oyo Vacation Homes business, take on Ai...
- 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.
- Ritesh Agarwal’s Cayman based firm to bring funds to OyoThe Cayman island SPV will look to make fresh investments in the hospitality chain.
- Oyo founder in talks to buy back $1.5 billion sharesThe move, unprecedented among new-age Indian startups, will help Agarwal raise his stake to around 30%.
- OYO eyes Rs 413 crore through proposed rights issue in fresh funding roundThe new round of funding will peg the post-money valuation of the Gurugram-based startup at Rs 3,129 crore or about $460 million, the filin...
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