Business  /  Published 02.10.21

Oyo hops on to IPO bandwagon

Hotel aggregator Oyo has filed preliminary documents for a Rs 8,430 crore initial public offering (IPO) as it joined the rush of technology unicorns looking to capitalise on a world-beating rally on t...
By PTI in New Delhi

Business  /  Published 23.09.21

OYO jumps into IPO race

Hospitality firm OYO is planning to raise up to USD 1.2 billion (around Rs 8,000 crore) through an initial public offering and is expected to file the draft red herring prospectus with Sebi next week,...
By Our Bureau, PTI in New Delhi

Business  /  Published 31.07.21

Microsoft eyes Oyo deal

IT giant Microsoft is likely to pick up a stake in Oyo that could value the hospitality company at around $9 billion (Rs 67,000 crore). While the details of the deal are under wraps, an agreement is ...
By Our Bureau in Mumbai

Business  /  Published 30.07.21

Microsoft in talks to buy stake in OYO

Microsoft is in advanced stages of discussions to pick up a stake in OYO that would value the hospitality firm at about USD 9 billion (around Rs 67,000 crore), according to sources. While the deal si...
By Our Bureau, PTI in New Delhi

Business  /  Published 23.11.20

OYO sees year-end recovery

Hospitality chain OYO expects to recover 85 per cent of its pre-Covid level of supply of rooms in India by the end of 2020. The company has seen an improvement in occupancy and revenue after the lockd...
By Pinak Ghosh in Calcutta


Business  /  Published 17.02.20

Oyo suffers higher loss

Hospitality firm Oyo Hotels & Homes on Monday reported widening of its consolidated net loss to $335 million (over Rs 2,390 crore) for the financial year ended March 2019, mainly on account of int...
By TT Bureau in New Delhi

Business  /  Published 04.04.20

Oyo halts payout

Hospitality firm Oyo said it was suspending payment of monthly benchmark revenue to its hotel partners as it is finding it impossible to discharge its obligations under the master service agreement be...
By PTI in New Delhi

Business  /  Published 13.01.20

Walmart sacks 56 executives

Walmart Inc has fired 56 of its executives in India as part of a restructuring exercise in the country.The move underscores the challenges Walmart has faced in expanding its wholesale business in Indi...
By Agencies in New Delhi

Business  /  Published 15.11.18

Aditya Ghosh now OYO CEO for India, South Asia

Hospitality firm OYO has appointed former IndiGo president Aditya Ghosh as the chief executive officer (CEO) for India and South Asia. His appointment will be effective from December 1.The appointment...
By Our Special Correspondent in Mumbai

Business  /  Published 01.12.18

Ritesh Agarwal's OYO is a $5-billion buisness

The founder and group CEO of OYO Hotels & Homes, Ritesh Agarwal has had a dream run in the last five years, steering his start-up from an affordable hospitality option to a brand that’s present ...
By Mathures Paul


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