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OYO plans to file its Draft Red Herring Prospectus (DRHP) in November for a $7-8 billion valuation for its IPO.

&nbsp;

 OYO faces allegations of 'daylight heist' over bonus share ballot

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

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

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.

OYO plans to add 500 hotels in religious hubs this year 

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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.&nbsp;

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

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

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

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

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 

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

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

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

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 withdraws DRHP, to refile IPO post refinancing: Report

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

Hospitality tech platform OYO&nbsp;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.

OYO restarts self-operated hotels, targets 200 new properties 

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.

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

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

OYO plans to file its Draft Red Herring Prospectus (DRHP) in November for a $7-8 billion valuation for its IPO.
 

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.

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.

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.

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.

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Oyo

OYO faces allegations of 'daylight heist' over bonus share ballot

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

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

OYO plans to add 500 hotels in religious hubs this year

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

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

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Government launches credit assistance scheme for E-commerce exporters to boost MSMEs

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Reserve Bank of India plans faster compensation for fraudulent digital transactions

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