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OYO UNIT
India's youngest self-made billionaire is looking for a room on D-StreetA teenager once pitched ₹30 lakh for a slice of his startup and mostly got no for an answer. That same idea now heads toward the public mar...- 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...
- 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...
- Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
- NCLAT allows hotels’ body to intervene in insolvency of OYO unitFHRAI said it had filed an application on behalf of its member hotels in India, who were operational creditors and were “suffering hugely” ...
- FHRAI says allowed by NCLAT to intervene in OYO unit insolvencyThe tribunal has also allowed the FHRAI to make its oral submissions on June 2, 2021. The total claims registered with Interim Resolution P...
- SoftBank pulls out of Latin America partnership with Oyo HotelsSoftBank says the decision was made jointly with Oyo due to challenges brought about by the coronavirus pandemic, and that it would no long...
- 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...
- Corona crisis: OYO offers free stay to doctors & nurses in US; Ivanka Trump, Paytm boss bowled over by gestureTrump described OYO's gesture as 'impactful acts of benevolence'.
- OYO expands to over 100 hotels in more than 21 states in USOyo has committed $300 million as an initial investment in the US to fuel rapid growth across the country, it said.
- Oyo to recast biz into 3 units to streamline operationsThe move will give the company “sharper focus” and “better alignment” besides “improve competitiveness”, according to the filing.
- OYO commits $300 million investment in the US for growthCompany says it now operates 50-plus properties in 35 cities across 10 states, and will enter New York, Los Angeles and San Francisco next.
- 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 starts apartment rental service in JapanSoftBank-backed OYO had, in February this year, formed a joint venture (JV) with Yahoo Japan Corporation to foray into the housing rental m...
- Oyo rebrands Oyo Living to Oyo LifeOyo said the adoption of the Oyo Life brand and transitioning from its previous identity has begun globally, starting with Japan.
- 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...
- China’s Didi Chuxing may back OyoSome investors like Didi and shared office startup WeWork have opted to only back the company’s Chinese subsidiary.
- OYO launches 'OYO Townhouse' projectOYO said priced at Rs 2,500 and upwards, Townhouse provides a "unique" hospitality experience in the heart of popular neighbourhoods.
- Budget hotel chain OYO launches OYO TownhouseThe tariffs for OYO Townhouse will be upwards of Rs 3500. OYO plans to launch 250 Townhouse properties with over 10,000 rooms across 12 cit...
- OYO signs MoU with Uttarakhand Tourism Development BoardOYO said it will leverage its expertise in transforming and standardising hospitality real-estate units and make local homestays better equ...
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