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OYO EXPANSION
Oyo parent Prism Hotels receives Sebi nod for IPOPrism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds fo...- Indian corporations poised to become large brand owners in US: Oyo founder Ritesh AgarwalIndian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyon...
- 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 readies market debut; IT's comeback rallyOyo's IPO plans are back on track after securing the regulator's nod. This and more in today's ETtech Top 5.
- 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 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...
- Quick service platform Snabbit appoints Abhinav Ankur as chief business officerQuick service platform Snabbit has appointed Abhinav Ankur as its chief business officer. This move comes as the house help segment experie...
- OYO Assets plans to acquire 12 hotels in next six monthsOYO parent PRISM-backed OYO Assets plans to acquire 12 hotels in H2 of this financial year to expand its premium and mid-premium portfolio,...
- 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...
- Oyo to add 500 hotels at religious hubs to boost spiritual tourism in 2025Oyo plans to expand by adding 500 hotels at major religious centers across India to support the government's spiritual tourism initiatives....
- 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 enters premium resorts, hotels category, launches Palette brandThe company has started 10 Palette resorts as a pilot in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bangalore. It will add 40 m...
- Oyo to add over 1000 hotels under Accelerator Programme by DecemberOyo said it also plans to add over 100 first generation hoteliers operating these hotels across India.
- SoftBank-backed Oyo to offload more loss-making hotels amid pandemic: SourcesThe hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-hal...
- OYO forays into Japan with a housing rental serviceThe service, called OYO Life, will be available from the beginning of next month and will be offered by OYO Technology & Hospitality Compan...
- OYO plans to invest USD 100 million in Indonesia for expansionThe company is adding 70 hotels every month to its chain in Indonesia and is looking at closing 2019 with presence in 100 cities in the Sou...
- OYO Hotels to double number of hotels to 400+ in a yearOYO Hotels announces expansion plans for Odisha to double footprint in the state by raising the total count of hotels to 400 from over 190 ...
- 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.
- OYO in talks for partnerships with realty playersThe SoftBank-backed company is betting big on this category, which will come under its budget brand 'OYO Rooms', and is in advanced talks f...
- OYO to offer 2,000 rooms in Bengaluru in 12 monthsCo had recently raised Rs 150 crore in venture capital funding and plans to use this money to undertake a massive expansion in Bengaluru.
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