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Oyo

OYO estimates Rs 1,100 crore PAT for FY26, says founder Ritesh Agarwal

OYO estimates Rs 1,100 crore PAT for FY26, says founder Ritesh Ag...

Wed, Mar 05, 2025

The company expects EBITDA of Rs 2,000 crore for the same period, on the back of a strong top-line growth, buoyed by the recent Motel 6 acquisition.

OYO-owned Innov8 raises Rs 110 crore from investors at Rs 1,000 crore valuation to expand coworking business

OYO-owned Innov8 raises Rs 110 crore from investors at Rs 1,000 c...

Tue, Jan 28, 2025

The round was led by prominent family offices, including those of Mankind Pharma, Gauri Khan, Rupa Group and Jagruti Dalmia. Together, these investors accounted for 55 per cent of the total funds raised.

OYO plans to add 500 hotels in religious hubs this year

OYO plans to add 500 hotels in religious hubs this year

Wed, Jan 22, 2025

The announcement comes at a time when religious tourism in the country is booming and the government has launched several initiatives that aim to improve infrastructure at tourist sites and develop tourist attractions, including the PRASHAD scheme, the Ramayana Circuit, and the Swadesh Darshan Scheme.

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Madhuri Dixit, Gauri Khan, Amrita Rao among celebs to buy OYO shares in recent months

Madhuri Dixit, Gauri Khan, Amrita Rao among celebs to buy OYO sha...

Sun, Jan 12, 2025

Actors Madhuri Dixit, Amrita Rao, and Bollywood producer Gauri Khan are among celebrities who bought shares of travel tech platform OYO over the past few months.

Unmarried couples no longer welcome, OYO changes check-in rules

Unmarried couples no longer welcome, OYO changes check-in rules

Sun, Jan 05, 2025

Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in.

Nuvama Wealth acquires shares worth Rs 100 crore in OYO via secondary market: Sources

Nuvama Wealth acquires shares worth Rs 100 crore in OYO via secon...

Fri, Dec 13, 2024

According to sources, discussions are also at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in the hospitality major at prices ranging between Rs 53-60 per share in the secondary market, translating to a potential valuation of up to USD 5.2 billion.

Moody's upgrades OYO parent Oravel Stays rating; outlook stable

Moody's upgrades OYO parent Oravel Stays rating; outlook sta...

Thu, Dec 05, 2024

Elaborating upon the rating rationale, Moody's said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures.

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

Sat, Sep 21, 2024

Oravel Stays, the parent company of OYO stated that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of Motel 6 and the chain's offshoot hotel brand, Studio 6.

M3M India, Oravel Stays join hands to launch 'SUNDAY' hotel in Gurugram

M3M India, Oravel Stays join hands to launch 'SUNDAY' h...

Thu, Aug 29, 2024

The initiative is part of a larger partnership to develop luxurious hospitality space across 15 lakh square feet with 1,000 keys across multiple destinations in Gurugram and Noida.

OYO projects three-fold rise in FY25 PAT at Rs 700 cr

OYO projects three-fold rise in FY25 PAT at Rs 700 cr

Wed, Aug 28, 2024

OYO, the IPO-bound travel tech platform, forecasts a three-fold increase in profit after tax for the current fiscal year, aiming for over Rs 700 crore. Founder Ritesh Agarwal shared the company's positive financial outlook at a recent town hall.

OYO parent Oravel Stays raises Rs 1,457 crore: Report

OYO parent Oravel Stays raises Rs 1,457 crore: Report

Sun, Aug 11, 2024

The funding round includes contributions from InCred Wealth, who led the recent fundraise as well as J&A Partners, the family office of Mankind Pharma promoters and ASK Financial Holdings.

Oyo's Ritesh Agarwal, Cred's Kunal Shah and 3 other startup founders who are school or college dropouts; a look at their entrepreneurial journey

Oyo's Ritesh Agarwal, Cred's Kunal Shah and 3 other sta...

Mon, Jul 29, 2024

In the startup space, some founders like Ritesh Agarwal, and Kunal Shah have also proved that practical knowledge is more important than degrees.

At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder

At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Foun...

Thu, May 30, 2024

In a post on social media platform X, Agarwal said he sees growth ahead "not just in India" but also in OYO's other key markets of Nordics, South East Asia, the US and UK.

OYO may raise equity from private investors at valuation of up to $4 billion: Ritesh Agarwal

OYO may raise equity from private investors at valuation of up to...

Wed, May 22, 2024

It also reported an adjusted EBITDA of Rs 888 crore ($107 million) for the full fiscal year, up from Rs 274 crore ($33 million) in FY23, sources said, citing a presentation shared in the townhall.

OYO withdraws DRHP, to refile IPO post refinancing: Report

OYO withdraws DRHP, to refile IPO post refinancing: Report

Sat, May 18, 2024

Oravel Stays Ltd, OYO's parent company, had in November prepaid a significant chunk of its debt amounting to Rs 1,620 crore through a buyback process.

OYO expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees

OYO expects consistent PAT rise in upcoming quarters, CEO Ritesh...

Fri, Feb 09, 2024

Oravel Stays Ltd, which operates travel tech brand OYO, had its maiden profitable quarter in Q2 FY24 with a PAT of Rs 16 crore.

OYO restarts self-operated hotels, targets 200 new properties

OYO restarts self-operated hotels, targets 200 new properties

Tue, Nov 28, 2023

Hospitality tech platform OYO said it has restarted self-operated hotels tagged as 'Managed by OYO' through the company's app and website and is seeking partnerships with real estate developers to identify properties for these hotels.

A look at this week's startup deals: Aretto, Swiggy, Oyo, DynamoFL, eBikeGo were in news

A look at this week's startup deals: Aretto, Swiggy, Oyo, Dy...

Fri, Aug 18, 2023

Startups like Aretto and DynamoFL raised funding this week while OYO said it will will facilitate on-the-job training across its vacation home business in countries such as Denmark, and eBikeGo plans to launch its Muvi brand of e-scooters.

OYO to facilitate skill training for Haryana youths at its vacation home businesses abroad

OYO to facilitate skill training for Haryana youths at its vacati...

Thu, Aug 17, 2023

OYO signed a memorandum of agreement (MoU) with Vishwakarma Skill University, Haryana Kaushal Rozgar Nigam Limited (HKRNL) and the Foreign Cooperation Department of Haryana government, the company stated.

OYO enters premium resorts, hotels category, launches Palette bra...

Tue, Jul 18, 2023

Hospitality technology platform OYO on Tuesday announced its foray into premium resorts and hotels category with the launch of its new brand -Palette with plans to have a total of 50 properties by second quarter of FY24.

OYO to add 500 hotels in host cities of upcoming cricket world cup

OYO to add 500 hotels in host cities of upcoming cricket world cu...

Fri, Jul 07, 2023

Hotel tariffs have already increased due to heightened demand across host cities three months ahead, OYO said, adding it has also witnessed a significant surge in demand for the duration of the tournament.

OYO to add 300 hill station hotels to portfolio by August

OYO to add 300 hill station hotels to portfolio by August

Mon, Jun 12, 2023

In north India, the new hotels will be in places such as Manali, Mussoorie, Nainital, Srinagar, Shimla, Dalhousie, and Haridwar while in the South, it will be Ooty, Munnar, and Kodaikanal, the company said in a statement.

Surge in domestic travels continues; Manali, Goa top destinations: OYO

Surge in domestic travels continues; Manali, Goa top destinations...

Fri, May 19, 2023

"India's favourite mountain destination is Manali, followed by Kashmir, Mcleod Ganj, Ooty and Coorg. OYO hotels in Manali continue to see an uptick in demand as summer travel gains pace," the company said.

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