Oyo

Wednesday, Apr 24, 2024 | Last Update : 01:26 AM IST

OYO and Microsoft did not respond to queries seeking comments on the matter. (Photo | AFP)

Microsoft in talks to buy stake in OYO: Sources

OYO's survival through the COVID crisis and resurgence shows that it is a company with strong fundamentals and high value potential

30 Jul 2021 7:12 PM

It was all bad news on the job front on Monday. Though a media report suggested Walmart shed hundreds of senior jobs in India, the Beast of Bentonville later said it has sacked 36 executives, including eight in the senior management. (Representational image)

Oyo, Walmart add to job gloom

Oyo’s Ritesh Agarwal said, “Some roles at Oyo will become redundant,” but not saying how many.

14 Jan 2020 1:28 AM

The director general of investigation at India’s Income tax department could not be immediately reached for comment.

Tax officials conduct surprise search at SoftBank-backed Oyo

In November, internal projections showed Oyo’s India business will likely make losses until 2021.

11 Jan 2020 11:03 AM

The Competition Commission has found a prima facie case for investigation against MakeMyTrip-Go and Oyo for alleged violation of the Competition Act, 2002.

CCI to open probe against MMT-Go, Oyo

The FHRAI had alleged that the companies have been offering the hotel rooms at less than the “average room rate”.

30 Oct 2019 2:37 AM

Oyo’s Japanese arm has launched operations in over 100 hotels across the East Asian nation.

India's Oyo launches Japan hotels in SoftBank JV

The Japanese tech giant has already invested nearly USD 1 billion in Oyo.

25 Oct 2019 12:19 PM

Currently, Patna, Bodhgaya, Muzaffarpur, Purnea and Bhagalpur are among the top-performing clusters in Bihar.

OYO to expand footprint in Bihar, create 700 new jobs

The company aims to double its efforts in delivering a high-quality and trusted hospitality experience to guests.

25 Oct 2019 9:35 AM

As part of a Series-F funding, RA Hospitality Holdings will infuse approximately USD 700 million as primary capital in the company, with the balance USD 800 million being supplemented by other existing investors, OYO Hotels and Homes said in a statement.

OYO to raise USD 1.5 billion in latest round of funding

As part of a Series-F funding, RA Hospitality Holdings will infuse approximately USD 700 million as primary capital, said OYO.

07 Oct 2019 2:16 PM

The company's portfolio currently comprises more than 23,000 hotels and 1,25,000 vacation homes, with over one million rooms globally.

Oyo to invest 300 mn euro to strengthen presence in European vacation rental mkt

The firm will aim to expand the presence of OYO Home, Belvilla and Dancenter brands across Europe.

14 Aug 2019 8:03 PM

Oyo founder to buy back $2 billion shares

Agarwal will buy part of the shares held by Lightspeed Venture Partners and Sequoia India.

20 Jul 2019 7:38 AM

This deal would take the valuation of the company to around USD 10 billion.

OYO founder Ritesh Agarwal to buy back shares from early investors for USD 2 bn

Agarwal's stake in the company will rise from the current 9-10 per cent to around 30 per cent.

19 Jul 2019 2:36 PM

Oyo buys Innov8 to enter commercial real estate

Though the company did not disclose the deal size, sources said that it could be a $30 million all-stock deal.

17 Jul 2019 7:07 AM

Company has allocated approximately USD 100 million out of the USD 600 million earlier committed to being invested in China.

Oyo crosses 5 lakh room inventory in China, to invest USD 100 mn in 2 yrs

Oyo also claimed that it has now become the largest single hotel brand in China

25 Jun 2019 3:33 PM

OYO believes that this product has the potential to be a game-changer for our asset owners and to elevate their relationship with the company.

OYO launches Cash in Bank initiative for asset owner-partners

Asset owners will be able to meet their capital requirements for renovations and upgradation work within 48 hours.

29 May 2019 3:06 PM

"We are focused on enabling economic opportunities at every level and are committed towards generating gainful employment and entrepreneurship through our growing network of OYO Hotels and Homes in India," OYO India and South Asia Chief Executive Officer Aditya Ghosh said.

Have created over 1 lakh direct and indirect jobs in India: OYO

The company is helping empower multiple ancillary industries in the hospitality ecosystem by leveraging scale, OYO said in a statement.

10 Apr 2019 9:08 PM

OYO Hotels and Homes operates hotels, homes and living spaces with footprints in more than 500 cities across 10 countries.

OYO forms JV with Softbank to launch hotel operations in Japan

OYO Hotels Japan offers various values for owners such as dynamic pricing and reservation systems.

04 Apr 2019 1:17 PM

Flipkart is the most preferred workplace in India.

Flipkart, Amazon, Oyo top workplaces in India: report

Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.

03 Apr 2019 1:18 PM

Airbnb will benefit from Oyo's strong presence in India and China.

Airbnb invests in Oyo

Oyo's home and villas will now appear on the Airbnb platform and increase its international presence.

02 Apr 2019 6:24 AM

Once activated, the in-app SOS button generates a trigger alert to OYO’s Safety Response Team with the guest, booking, location and emergency contact details.

OYO launches in-app SOS button

OYO reiterates its commitment to bringing technology led innovations for enhanced safety of all the guests.

09 Mar 2019 3:33 PM

The significant uptrend in e-commerce funding was driven by increasing number of digital transactions, digital literacy, growing use of vernacular content, low mobile data tariffs and government's Digital India programme and also programmes such as Start Up India and Make in India, said Ankur Pahwa, Partner EY India.

E-commerce, consumer internet cos raised over USD 7 bn in 2018: Report

India is one of the most exciting destinations to invest in across the globe, Ankur Pahwa, Partner EY India.

08 Mar 2019 2:17 PM

OYO Life provides upgraded living experiences at affordable prices to young professionals globally, OYO said in a statement. (Photo: File)

OYO re-brands OYO Living to OYO Life

OYO Living was conceptualised based on the feedback and demand from the customers and asset partners.

25 Feb 2019 5:51 PM

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Sanjeev Ahluwalia

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