Ritesh Agarwal
Breaking News
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...
IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr
OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...
Oyo Hotels in advanced talks with Khazanah Nasional Berhad for $400 Million funding boost
As per a report in Bloomberg, Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, is currently in talks with Oyo Hotels & Homes Pvt. to...
OYO unveils Prime Partner Program as it resumes self-operated hotels operations
OYO, a hospitality unicorn gearing up for its IPO, has resumed operations of self-operated hotels after a pause of over two years.Through its recently...
Oyo’s INR 1,600 Crore debt prepayment proposal poised to boost EBITDA leverage: Fitch Ratings
Hospitality unicorn Oyo's plan to allocate INR 1,600 crore, approximately $195 million, for debt prepayment using existing cash and free cash flow is anticipated...
OYO initiates INR 1,620 Cr debt repurchase, aims to proactively settle one-third of Term Loan B
OYO, a major player in the hospitality industry, is said to be strategizing to proactively settle approximately one-third of its outstanding Term Loan B...
Frozen foods tech platform FroGo raises $1.15 Million in seed round led by Inflection Point Ventures
Frozen foods tech platform FroGo recently raised $1.15 million in a seed round led by Inflection Point Ventures. This funding round also saw the...
IPO-bound OYO records 34% decrease, reaching INR 1,286 Cr in FY23!
IPO-bound hospitality unicorn OYO witnessed a 34% decrease in its net loss to INR 1,286.5 Cr during the financial year 2022-23 (FY23), down from...