Airbnb may invest up to $200 mn in OYO: Report

Kavya Kothiyal

US-based online home rental company Airbnb is currently in talks to invest $100-200 million in homegrown budget hospitality chain ....

19 March, 2019

OYO buys co-working firm Innov8; marketing startup EkAnek raises seed capital

Shweta Sharma

SoftBank-backed hospitality unicorn OYO Rooms has acquired Delhi-based co-working space provider Innov8 for Rs 150-200 crore, ....

15 March, 2019
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OYO to invest $200 mn in India & Southeast Asia ops this year

Vijayakumar Pitchiah

Hospitality unicorn OYO has committed to invest Rs 1,400 crore (around $200 million) in its Indian and Southeast Asian operations ....

12 March, 2019

OYO enters food biz, lists delivery-only kitchens on Swiggy, Zomato, Uber Eats

Binu Paul

Pressing on with its aggressive expansion drive, budget hospitality chain OYO has forayed into online food business with the launch ....

26 February, 2019

Airbnb rolls out Plus Homes in India

Kavya Kothiyal

US-based home rental startup Airbnb Inc. has launched ‘Plus Homes’ in India, featuring the highest-rating homes, the ....

25 February, 2019

Consolidation brewing in India’s booming food-tech sector

Binu Paul

Bengaluru-based Swiggy and Gurugram-based Zomato, locked in a fierce battle for dominance in the country’s food ordering ....

22 February, 2019
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OYO marks close of $1 bn funding round with Didi Chuxing investment

Binu Paul

Budget hospitality chain OYO has raised $100 million (Rs 709.4 crore at current exchange rate) from Chinese ride-hailing firm ....

14 February, 2019

OYO revenue more than triples in FY18, loss stable

Vijayakumar Pitchiah

Budget hospitality chain OYO reported a three-fold rise in operating revenues amidst stagnant losses even as gross expenses rose ....

5 February, 2019

OYO in talks to acquire Delhi-based co-working space provider Innov8

Payal Ganguly

SoftBank-backed hotel-reservations startup OYO is in advanced talks to acquire Delhi-based co-working space provider Innov8, operated ....

30 January, 2019

OYO makes top-level appointments to expand overseas business

Kavya Kothiyal

Budget hospitality chain OYO has strengthened its top deck by making a slew of international appointments to expand across different ....

10 January, 2019
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Budget hospitality chain OYO unveils staff stock option buyback

Vijayakumar Pitchiah

Former and current staffers of Gurugram-based Oravel Stays Pvt. Ltd, which owns budget hospitality chain OYO, are set for a bonanza ....

28 December, 2018

Flashback 2018: Unicorns, Chinese cheques drive buzz in startup ecosystem

Binu Paul

India’s startup ecosystem took a long stride towards maturity this year, as several big-ticket acquisitions and funding ....

24 December, 2018

OYO gets $100-mn cheque from ride-hailing firm Grab

Dearton Thomas Hector

Budget hospitality chain OYO has raised Rs 732 crore ($104 million at current exchange rates) from Singapore-based ride-hailing ....

5 December, 2018

OYO in talks to raise funding from Singapore ride-hailing firm Grab

Kavya Kothiyal

Budget hospitality chain OYO is in advanced discussions to raise $100 million (Rs 697.7 crore) from Singapore-based ride-hailing ....

3 December, 2018

OYO’s employees to get 2,000 more stock options: Report

Dearton Thomas Hector

Oravel Stays Pvt. Ltd, which runs budget hospitality chain OYO, has strengthened its employee stock ownership (ESOP) plan by adding ....

29 November, 2018

OYO hires former Max Healthcare exec to head new real estate business

Payal Ganguly

Hospitality chain OYO has named Rohit Kapoor as chief executive officer of its new real estate businesses, in the second top-level ....

27 November, 2018

OYO appoints former IndiGo boss Aditya Ghosh as CEO for India, South Asia ops

Dearton Thomas Hector

Budget hospitality chain OYO on Thursday announced the appointment of Aditya Ghosh, the former president of budget carrier IndiGo, ....

15 November, 2018

Flipkart sale, Oyo valuation gain help SoftBank post higher Q2 profit

Team TC

SoftBank Group Corp’s profit for the quarter through September jumped 78%, helped by gains from the sale of its stake in ....

5 November, 2018

Treebo lost almost Rs 3 for every rupee in revenue for FY18

Dearton Thomas Hector

Hotel aggregator Treebo, run by Ruptub Solutions Pvt. Ltd, made a net loss for the year through March that was nearly thrice its ....

30 October, 2018

OYO enters NestAway’s turf, launches home rental vertical

Payal Ganguly

After securing $1 billion in fresh funding last month and expanding to multiple countries in recent weeks, budget hospitality ....

22 October, 2018

Supreme Court appoints arbitrator for Oyo-Zo dispute over failed merger talks

Anand J

The Supreme Court has appointed an arbitrator in a bid to resolve the drawn-out dispute between hotel aggregators Zo Rooms and ....

3 October, 2018