Funding Roundup: Investments cross $400 million on the back of growth deals

Vijayakumar Pitchiah

Growth stage funding took center-stage again this week which saw a total of 21 deals worth more than $400 million being concluded. ....

19 July, 2019

Hospitality unicorn OYO becomes third largest global hotel chain

Om Athavale

Oravel Stays Pvt Ltd, which operates OYO Hotels and Homes, announced today that it is the world's third largest hotel chain ....

10 July, 2019
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OYO founder aims to regain substantial stake in hotel chain: Report

Binu Paul

To tighten his grip on the company, OYO Hotels and Homes founder and chief executive Ritesh Agarwal is in the midst of buying ....

8 July, 2019

OYO to invest $100 mn in its Chinese operations, appoints new revenue chief

Vijayakumar Pitchiah

Gurugram-based hospitality chain OYO Hotels & Rooms is ploughing $100 million (Rs 693 crore at current exchange rate) into ....

26 June, 2019

OYO places big bet on Europe with buyout of vacation rental chain @Leisure

Vijayakumar Pitchiah

Gurugram-based hospitality chain OYO has agreed to acquire Amsterdam-based @Leisure Group. OYO didn't disclose the total ....

1 May, 2019

Airbnb confirms investment in budget hospitality chain OYO

Kavya Kothiyal

San Francisco-based home-sharing marketplace Airbnb has invested an undisclosed sum in SoftBank-backed budget hospitality chain ....

1 April, 2019
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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

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 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
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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

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

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

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

Significant part of the $1 bn will go towards China biz: OYO’s Ritesh Agarwal

Anand J & Dearton Thomas Hector

On Tuesday, budget hospitality chain OYO Rooms became the latest entrant to the unicorn club, an industry term that refers to ....

26 September, 2018

OYO to raise $1 bn from SoftBank fund, others at valuation of $5 bn

Vijayakumar Pitchiah

Budget hospitality chain OYO said on Tuesday it will raise $1 billion (around Rs 7,300 crore at current exchange rates) in a fresh ....

25 September, 2018