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...
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.
Expect first full year of Ebitda profitability, Oyo tells employeesThe hospitality chain had reported an adjusted Ebitda of Rs 63 crore in the first half of FY23 (H1FY23) according to previous filings with ...
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...
Covid-19 can be a difficult time for start-ups: Aditya Ghosh's leadership tips can come in handyThe Oyo Homes board member feels that being able to communicate honestly with people around can help.
Oyo appoints former McKinsey executive as COOGupta is entrusted with the responsibility to strengthen and consolidate existing opportunities in the co-living, student housing, self-ope...
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 forays into Vietnam with over 90 hotels in six citiesThe company's growth in the country will be fuelled by strong local leadership and a team of hundreds of young hospitality enthusiast
Oyo plans to share its tech with others in the businessThe hospitality firm said its in-house stack of proprietary technologies is powering more than 20 applications for customers, asset owners ...
Have created over 1 lakh direct and indirect jobs in India: OYOThe company has set up 22 OYO Skill Institutes in the country for training frontline staff in every aspect of hotel management in India.
Oyo makes a Rs 1,400-crore booking for your stayApart from Collection O, the portfolio includes Oyo Rooms, Townhouse, SilverKey, Capital O and Palette Resorts. In the homestay segment, Oy...
Oyo gets income tax notices for inaccurate filingPeople aware of the matter said the case is linked to non-deduction of tax deducted at source (TDS) on payments made by the company in asse...
OYO launches OYO Home in DubaiOYO currently operates over 3,000 fully-managed residential accommodation in India across 25 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...