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OYO COST OPTIMISATION
Oyo-parent Prism secures Sebi's nod to launch Rs 6,650-crore IPOOyo's parent company, Prism, has received approval from Sebi to proceed with its Rs 6,650 crore IPO. The company is expected to be valued b...- Oyo parent files confidential papers with Sebi, eyes Rs 6,650 crore IPO at $7–8 billion valuationOyo parent PRISM has filed confidential IPO papers with SEBI, aiming to raise up to Rs 6,650 crore at a $7–8 billion valuation. The move fo...
- Lenskart sharpens focus on IPO at $10 billion valuationOmnichannel eyewear retailer Lenskart has started the process of its initial public offering (IPO) and is looking to file its draft papers ...
- PharmEasy to formally discuss IPO plans with its board in second trySources told ET that online pharmacy startup PharmEasy could hit the bourses this year, two years after its previous attempt. The company w...
- IT offshoring reversal; Ola Electric, Oyo financialsHappy Independence Day! IT offshoring, which is aimed at cost optimisation, is reversing. Details on this and more in today’s ETtech Mornin...
- New-age brands buzz on deal street; Unacademy founders’ voting rightsHappy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in today’s ETtech M...
- 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...
- 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 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 clocked adjusted ebitda of Rs 175 crore in Q1, CEO Ritesh Agarwal tells employeesOyo had reported its maiden EBITDA positive quarter in an addendum filed with Sebi for its IPO reporting a Rs 7 crore adjusted EBITDA in qu...
- Moody's expects Oyo to generate positive Ebitda for FY24Moody's also said on Monday it has affirmed Oravel Stay Limited’s (Oyo’s) B3 corporate family rating (CFR) as well as the B3 rating of the ...
- Oyo tells employees it expects nearly Rs 800 crore adjusted EBITDA in FY24People familiar with the matter said Agarwal told staffers during the town hall that this can be attributed to 'sustained growth' in India,...
- Exclusive: Dunzo likely to raise $100 million via convertible notes; data localisation norms hit roadblockOver the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessfu...
- Oyo joins startup IPO rush to raise $1.2 billion, seeks Sebi nodSoftBank, founder Ritesh Agarwal to remain promoters after public offering; More than 90% of OFS is from the Japanese investor; Company rev...
- Oyo checks out from unviable ventures, assetsOyo Hotels & Homes has surrendered some co-working spaces and cut back on its co-living and rental housing business under Oyo Life over the...
- Amazon Web Services witnessing strong uptake of its services from startups in IndiaAmong the key sectors where the firm is witnessing a lot of momentum are fintech, healthcare, e-commerce, and logistics.
- Be dynamic, with a vision for success: Startup leaders to budding entrepreneursByju Raveendran, founder of edtech startup Byju’s, which entered the unicorn club last year, says there’s no substitute for hard work.
- For MakeMyTrip, Ibibo acquisition is only the beginningEven as it becomes the market leader by a margin post the acquisition, MakeMyTrip will see competition from players like Yatra, Cleartrip, ...
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