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OYO EUROPE BUSINESS
OYO-parent PRISM rejigs top leadershipTravel-tech firm OYO’s parent company, PRISM, has reshuffled its leadership. Ankit Tandon is now chief operating officer of PRISM and CEO f...- Oyo completes G6 Hospitality acquisition from Blackstone Real Estate for $525 millionOyo has acquired G6 Hospitality, including Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. This acquisition will...
- IPO-bound OYO rejigs top leadership with five elevationsOYO has announced new leadership roles. Sonal Sinha is now COO International and Rachit Srivastava is COO of OYO Vacation Homes in Europe. ...
- Oyo clocks net profit of Rs 132 crore in Q1 of FY25Oravel Stays Ltd., the parent company of Oyo, has clocked a net profit for the first quarter of the fiscal year 2025, founder Ritesh Agarwa...
- Oyo reports first-ever PAT of Rs 229 croreOYO Net Profit: Oyo announced its first-ever profit after tax of Rs 229 crore for FY24, driven by consecutive growth in Adjusted EBITDA. Th...
- Ankit Gupta, Mandar Vaidya move on from Oyo"We are proud of their achievements at Oyo and are thankful for their leadership. Both roles were already transitioned six months ago to Va...
- Oyo tells employees it turned cash flow positive in Q4 2023Sources said the positive cash flow trajectory is expected to continue into the first quarter of FY2024. The company’s cash corpus on the b...
- Oyo acquires Danish chain Bornholmske FeriehuseBornholmske Feriehuse, based out of Bornholm island in Denmark, has more than 700 homes on its platform. Oyo said it is expected to clock m...
- OYO acquires Denmark-based holiday home operator Bornholmske FeriehuseThe transaction has been carried out by the company's subsidiary DanCenter through the 'Invest in Denmark' initiative by the Danish governm...
- Oyo concludes acquisition of Europe-based holiday homes operator Bornholmske FeriehuseBornholmske Feriehuse has over 700 homes on its platform and is based out of Bornholm island in Denmark. Oyo said it is expected to clock m...
- Oyo completes acquisition of European firm Direct BookerThis acquisition will strengthen Oyo's presence in Europe broadly and Croatia specifically where it already has nearly 1,800 vacation homes...
- Founder Ritesh Agarwal unlikely to offload any stake in Oyo IPOOyo is looking to raise $1-1.2 billion in its upcoming IPO at a valuation of $12-15 billion. Existing investors are likely to sell some sta...
- Oyo increases authorised share capital ahead of IPOAn extraordinary general meeting of Oravel Stays on September 1 approved the resolution to increase its authorised share capital. The incre...
- Oyo aims for India IPO in 2021Internally, the hospitality company has set a timeline of September for filing its IPO prospectus and wants to be a public company before t...
- Eye on revival, Oyo secures $660 million debtFidelity, Citadel, Varde Partners & other global investors subscribe to startup's TLB offer
- OYO Hotels & Homes strengthens its global leadership teamAmong those who have been promoted and hired are Ayush Mathur who is now the chief supply officer (Global), Ankit Mathuria as Chief Technol...
- 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 acquires Copenhagen-based data science company Danamica for an undisclosed sumAcquisition comes about a month after the SoftBank-backed company committed €300 million investment in its European vacation rentals busine...
- 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 to acquire Amsterdam based vacation rental company @Leisure GroupRitesh Agarwal, founder and group CEO, OYO said the company sees vacation homes as a unique opportunity.
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