Oyo
Breaking News
OYO receives shareholder approval to raise INR 416.85 Cr through preference shares
OYO, th͏e hospitality and travel tech platform, has ͏reportedly͏ receive͏d sh͏areholder approval͏ t͏o raise I͏NR 416͏.85 crore throu͏gh the issuance of͏ preferen͏ce shares.Ac͏cording to...
OYO in advanced talks with family offices for INR 1,000 Cr funding round
OYO, ͏a prom͏ine͏nt playe͏r͏ ͏in͏ the ͏hospi͏tality͏ ͏se͏cto͏r,͏ ͏is ͏sa͏id to ͏͏be͏ in the final ͏͏s͏tag͏es͏ o͏f negotia͏tio͏ns to secure a new round of...
OYO reports first profitable fiscal year with INR 100 Cr net earnings; founder Ritesh Agarwal eyes global growth
OYO, the hospitality and travel tech platform, reported its first profitable fiscal year in 2023-24 with a net earning of nearly INR 100 crore,...
SoftBank-backed hospitality giant OYO withdraws IPO documents, shifts focus to $450M bond sale
OYO, a Delhi NCR-based hospitality unicorn, has officially withdrawn its IPO (initial public offering) documents from the market regulator SEBI. According to the SEBI...
OYO in talks with family offices to raise $90 Million in down round
OYO, a major player in the hospitality industry, is reportedly in talks to raise a down round at a valuation of $2.3 billion, down...
Oyo to resubmit IPO papers following $450 Million refinancing for Term Loan B
Oyo, a SoftBank-backed hospitality and travel-tech firm, is reportedly preparing to refile the draft papers for its much-anticipated initial public offering (IPO) as the...
Oyo Hotels plans $450 Million bond sale for refinancing
Oyo Hotels is looking to secure up to $450 million through dollar bonds as it aims to replace an existing high-cost loan amid delays...
JP Morgan extends INR 200 Crore credit facility to fuel Oyo’s expansion
According to a report by ET, JP Morgan has extended a credit facility of INR 200 crore to Oyo. Sources familiar with the matter...
OYO’s parent company Oravel Stays to unveil 13 self-operated upscale hotels under ‘Palette’ brand by year-end
Oravel Stays, the parent company of hospitality giant OYO, aims to unveil 13 self-operated hotels under its upscale brand 'Palette' by year-end.Following a model...
Oyo launches Wizard Shark loyalty program following Ritesh Agarwal’s Shark Tank appearance
On Wednesday, Oyo announced the introduction of Wizard Shark, a novel 'limited-edition' loyalty program. This initiative comes on the heels of its founder and...
OYO ventures into sports hospitality business, shortlists 100 hotels across 12 cities
Hospitality and travel-tech firm OYO on Thursday announced its foray into sports hospitality business shortlisting 100 hotels across 12 key cities, including Delhi, Chennai,...
OYO executives hold talks with SEBI to expedite IPO approval process
According to reports, the lead bankers and senior executives of hospitality unicorn OYO have met with officials from the Securities and Exchange Board of...