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India's Zostel asks regulator to reject SoftBank-backed Oyo's IPO filing
Tue, Oct 12, 2021
Zostel said Oyo`s capital structure was not final and that its draft prospectus filed with the Securities and Exchange Board of India (SEBI) was "replete with material omissions," showed a copy of a letter Zostel sent to SEBI, seen by Reuters.
OYO IPO: Want to bid for shares? Understand DRHP filed with SEBI in top 15 points - Decoded
Mon, Oct 04, 2021
Here are top things to know about OYO IPO from DRHP filed with SEBI:-
Oyo IPO: SoftBank-backed hotel aggregator files draft papers for $1.14 billion initial public offering
Fri, Oct 01, 2021
SoftBank-backed Indian hotel aggregator Oyo filed for a $1.14 billion initial public offering (IPO) on Friday, becoming the first hospitality company in the country to seek a domestic stock listing since 2019.
SoftBank-backed Oyo to file for $1.2 billion IPO next week - source
Thu, Sep 23, 2021
SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around $1 billion, a source told Reuters on Thursday.
Regulatory filing ALERT! IPO-bound OYO to become public limited company
Tue, Sep 14, 2021
Subject to receipt of any necessary approvals from any government, statutory or regulatory authority, the name of the company be and is hereby changed from Oravel Stays Private Limited to Oravel Stays Ltd, as per a Registrar of Companies (RoC) filing by the company
Microsoft, OYO in strategic alliance to co-develop travel, hospitality products, technologies
Thu, Sep 09, 2021
Microsoft has also made a strategic equity investment in OYO, it added
OYO to hire over 300 tech professionals to expand tech, product teams
Thu, Aug 19, 2021
OYO is looking to hire over 300 technology professionals across entry-level to senior leadership roles during the next six months.
BIG DEVELOPMENT! Microsoft to invest in OYO before its potential IPO
Fri, Jul 30, 2021
Satya Nadella-run Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel chain OYO at a valuation of $9 billion, as the hospitality chain is planning a potential initial public offering (IPO) soon, sources said on Friday.
OYO raises USD 660 mn term loan funding from global institutional investors
Fri, Jul 16, 2021
OYO has raised TLB funding of USD 660 million (nearly Rs 4,920 crore) from global institutional investors and the capital will be used for paring debt and other business investments.
Bereavement support for Covid-hit families: THIS company offers 8 months' salary, term insurance payout, free education for children and more
Thu, May 20, 2021
OYO has announced a slew of welfare benefits for the families of its employees, deceased due to Covid-19, as a part of its bereavement support.
OYO lays off around 300 employees
Tue, Dec 08, 2020
Hospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according?to sources in know of the matter.
Ritesh Agarwal: OYO has close to USD 1 billion to fund operations
Tue, Dec 01, 2020
Hospitality firm OYO is recovering from the impact of the COVID-19 pandemic and has around USD 1 billion to fund operations. This was revealed by OYO Founder and Group CEO Ritesh Agarwal.
Full salary restored! Good news for employees for this company amid COVID-19
Wed, Aug 05, 2020
It's a good news for employees of OYO as hospitality firm has confirmed that it is restoring the full salaries of staffers in India and South Asia.
Apollo Hospitals joins hands with Oyo, SBI, others to create 5000 rooms for isolation
Tue, Mar 31, 2020
Apollo said that it has launched 'Project Stay I' with 500 rooms in select hotels across the country in the first phase with light medical supervision for quarantine.
Hurun Rich List 2020: Oyo's Ritesh Agarwal second youngest billionaire in world, only behind Kylie Jenner
Thu, Feb 27, 2020
Hurun Rich List 2020: Oyo Hotels founder Ritesh Agarwal is now the world's second-youngest billionaire with an estimated wealth of $1.1 billion ( Rs 7,800 crore), according to the Hurun Global Rich List 2020.
OYO sales hit $604 mn, losses down to 14% in FY2019
Mon, Feb 17, 2020
"While consistently improving operating economics in mature markets like India where it`s already seeing an improvement in gross margins, the company is determined to bring in the same fiscal discipline in emerging markets in the coming financial year,a OYO said.
FHRAI complains against OYO & Make My Trip, CCI orders for probe
Tue, Oct 29, 2019
The Federation of Hotel & Restaurant Associations of India files a complaint against OYO & Make My Trip after which Competition Commission of India orders for the probe.
A new trend of Co-working & Co-living to invest
Sun, Sep 15, 2019
A new trend of Co-working & Co-living to invest. Watch this special report of Zee Business.
Vehicle sharing platform Drivezy partners OYO; to station 1 lakh bikes, cars at latter's properties
Mon, Sep 09, 2019
Bengaluru-based vehicle sharing platform, Drivezy, announced a strategic business partnership with OYO Hotels & Homes.
OYO acquires Danish data science firm Danamica
Mon, Sep 02, 2019
OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount.