Oyo
Culture Circle, the fast-growing luxury fashion app co-founded by Devansh Jain Nawal and Ackshay Jain, has secured fresh strategic backing from OYO’s Ritesh Agarwal—just months after the brand made waves on Shark Tank India.What’s notable? The...
As OYO gears up for a long-awaited IPO, it’s doing something unexpected, turning to the public to help rename its parent company, Oravel Stays. The move marks a symbolic shift, highlighting how far the company has...
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OYO Rakes In Rs 623 Crore Profit in FY25, Becomes India’s Most Profitable Startup Under Ritesh Agarwal
Ritesh Agarwal’s OYO has pulled off a major turnaround—closing FY25 with a net profit of Rs 623 crore, making it the most profitable startup...
Jaipur Resort Accuses OYO and Ritesh Agarwal of Fraud After Receiving Rs 2.66 Crore GST Notice
A Jaipur-based resort has filed a criminal complaint against OYO and its founder-CEO Ritesh Agarwal, accusing the company of massive billing irregularities that allegedly...
OYO’s Profit Skyrockets 6X to ₹166 Cr in Q3: How Ritesh Agarwal’s Strategy is Reshaping the Hospitality Game
OYO, the travel tech giant, has posted a profit after tax (PAT) of ₹166 crore in the third quarter of FY25, marking an almost...
OYO’s Profits Skyrocket Nearly 6X to ₹166 Cr in Q3 FY25 – Revenue Jumps 31% Amid Growth Push
OYO, the hospitality giant, has posted a significant surge in its profit after tax (PAT), soaring nearly sixfold to ₹166 crore in the third...
Ritesh Agarwal Pumps $65 Million Into OYO—Talk About a Hotel Room Upgrade!
OYO, the hospitality giant, has secured INR 550 Crore (roughly $65 million) in funding from Redsprig Innovation Partners, the venture capital firm founded by...
OYO Acquires Motel 6 and Studio 6 Brands for USD 525 Million, Expanding Global Reach
OYO has officially completed its acquisition of Motel 6 and Studio 6 brands from Blackstone Real Estate for USD 525 million, marking a key...
OYO’s luxury brand SUNDAY launches overseas properties in London & Dubai
OYO's parent firm, Oravel Stays, has expanded its luxury hotel brand, SUNDAY, to the UK and UAE. This move is part of OYO's efforts to...
Moody’s elevates OYO’s rating to B2, citing strong profitability and growth
Global rating agency Moody's has upgraded the corporate family rating of OYO's parent, Oravel Stays Limited, to "B2" from "B3" previously. The rating agency has...
OYO founder Ritesh Agarwal increases stake with INR 550 Cr investment
Ritesh Agarwal, founder of hospitality giant OYO, is increasing his stake in the company with a INR 550 crore (around $65 million) investment. This...
OYO posts 19.6% net profit rise to INR 158 Cr in Q2 FY25
OYO's parent company, Oravel Stays Ltd, has announced a net profit of INR 158 crore (approximately $19.5 million USD) for the July-September quarter. This...
OYO expects EBITDA to cross INR 2,000 Cr in FY26 with Motel 6 acquisition
OYO, the IPO-bound travel tech platform, expects its EBITDA to hit INR 2,000 crore in 2025-26, largely driven by the American budget hotel chain...
OYO acquires US chain Motel 6 in $525 Mn deal, eyes global expansion
Motel 6, the iconic budget hotel chain known for its long-standing presence along U.S. highways, is set to be acquired by OYO, an Indian...