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OYO company

OYO projects three-fold rise in FY25 PAT at Rs 700 cr

OYO projects three-fold rise in FY25 PAT at Rs 700 cr

Wed, Aug 28, 2024

OYO, the IPO-bound travel tech platform, forecasts a three-fold increase in profit after tax for the current fiscal year, aiming for over Rs 700 crore. Founder Ritesh Agarwal shared the company's positive financial outlook at a recent town hall.

OYO to open 50 homestays in Odisha in 1 year

OYO to open 50 homestays in Odisha in 1 year

Thu, Mar 14, 2024

OYO said it has been witnessing a consistent increase in spiritual tourism over the last couple of years, with Puri consistently ranking among the top destinations for spiritual and religious travel.

Surge in domestic travels continues; Manali, Goa top destinations: OYO

Surge in domestic travels continues; Manali, Goa top destinations: OYO

Fri, May 19, 2023

"India's favourite mountain destination is Manali, followed by Kashmir, Mcleod Ganj, Ooty and Coorg. OYO hotels in Manali continue to see an uptick in demand as summer travel gains pace," the company said.

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OYO travel agent enrollment sees sharp uptick in FY23

OYO travel agent enrollment sees sharp uptick in FY23

Wed, May 10, 2023

The company attributed the growth to the travel resurgence in India over the last few years, that widened business opportunities for travel agencies.

Small towns witness highest increase in room bookings in 2022: OYO

Small towns witness highest increase in room bookings in 2022: OYO

Thu, Dec 29, 2022

While Hyderabad, Delhi, Bangalore, Kolkata, and Chennai are the most booked cities for business travel, OYO said Jaipur, Goa, Kochi, Varanasi and Visakhapatnam topped the charts as favourite leisure destinations in 2022.

OYO expansion in Europe: Acquires Denmark's holiday home chain Bornholmske Feriehuse

OYO expansion in Europe: Acquires Denmark's holiday home chain Bornholmske Feriehuse

Thu, Aug 11, 2022

Bornholmske Feriehuse, which has over 700 homes on its platform, is based out of Bornholm island in Denmark and is expected to clock more than 2,50,000 guest nights in 2022.

Competition issues: Top executives of Paytm, Ola, Zomato among others to meet Parliamentary panel today

Competition issues: Top executives of Paytm, Ola, Zomato among others to meet Parliamentary panel today

Thu, Jul 21, 2022

Amid concern over anti-competition, the Parliamentary Panel on Finance will meet tech firm representatives on Thursday.

Travel-tech firm OYO gets in-principal listing approval from BSE, NSE; to submit revised draft prospectus for Rs 8,430-crore IPO

Travel-tech firm OYO gets in-principal listing approval from BSE, NSE; to submit revised draft prospectus for Rs 8,430-crore IPO

Tue, Jan 25, 2022

Oravel Stays Limited, the parent company of travel-tech firm OYO, has received in-principle approval from BSE and NSE to list on the respective bourses, sources said.

IPO-bound OYO defies pandemic, set to meet investors' expectations

IPO-bound OYO defies pandemic, set to meet investors' expectations

Mon, Dec 20, 2021

OYO`s exponential growth nearly came to a halt due to the pandemic. However, it used the downtime to rebuild itself, or `fix nets like fishermen do, while waiting for storm to pass` as described by its founder and Group CEO, Ritesh Agarwal.

OYO raises USD 660 mn term loan funding from global institutional investors

OYO raises USD 660 mn term loan funding from global institutional investors

Fri, Jul 16, 2021

OYO has raised TLB funding of USD 660 million (nearly Rs 4,920 crore) from global institutional investors and the capital will be used for paring debt and other business investments.

OYO’s ‘unfriendly business policies’ draw resistance from partner hotels

OYO’s ‘unfriendly business policies’ draw resistance from partner hotels

Wed, Jun 26, 2019

Many partner hotel owners are in a fight with the Softbank-backed OYO hotel and homes due to the disregard of floor prices, deep discounting practices, non-transparent charges, etc levied on by India's largest hospitality company.

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