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Nuvama Wealth acquires shares worth Rs 100 crore in OYO via secondary market: Sources

Nuvama Wealth acquires shares worth Rs 100 crore in OYO via secon...

Fri, Dec 13, 2024

According to sources, discussions are also at an advanced stage with other potential buyers, including Incred, who are exploring stake purchases in the hospitality major at prices ranging between Rs 53-60 per share in the secondary market, translating to a potential valuation of up to USD 5.2 billion.

OYO opens 65 homestays, hotels in Ayodhya ahead of the Ram Temple consecration

OYO opens 65 homestays, hotels in Ayodhya ahead of the Ram Temple...

Wed, Jan 17, 2024

The newly opened properties include 51 OYO homestays and 14 hotels in the city. These have been added to support the anticipated surge in visitors after the consecration ceremony of the Ram Temple on January 22, the company said in a statement.

Zomato, Swiggy, OYO Rooms register record orders and bookings on New Year's Eve

Zomato, Swiggy, OYO Rooms register record orders and bookings on...

Mon, Jan 01, 2024

Zomato shares, as of 10:09 a.m., traded 0.85 per cent or Rs 1.05, higher on the BSE at Rs 124.75 apiece. OYO Rooms and Swiggy are expected to come up with their initial public offers (IPOs) this year.

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OYO to add 300 hill station hotels to portfolio by August

OYO to add 300 hill station hotels to portfolio by August

Mon, Jun 12, 2023

In north India, the new hotels will be in places such as Manali, Mussoorie, Nainital, Srinagar, Shimla, Dalhousie, and Haridwar while in the South, it will be Ooty, Munnar, and Kodaikanal, the company said in a statement.

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.

Who is Ramesh Agrawal? Oyo founder Ritesh Agarwal’s father falls to death from 20th floor

Who is Ramesh Agrawal? Oyo founder Ritesh Agarwal’s father falls...

Fri, Mar 10, 2023

Earlier this week, 29-year-old Agarwal tied the knot with Geetansha Sood, the director of Farmation Ventures Private Limited, and hosted a grand reception in the national capital.

On Valentine's Day 2023, The Most OYO Rooms Were Booked In..... Vrindavan! Shocked! Watch To Know

On Valentine's Day 2023, The Most OYO Rooms Were Booked In.....

Wed, Feb 15, 2023

Vrindavan surprisingly emerged as the most booked destination, surpassing popular leisure destinations such as Goa, Manali. Hospitality major OYO has observed a nearly 35 per cent increase in bookings for Valentine’s Day, despite it being a weekday. As per the company’s data analysis, Vrindavan has clocked in the maximum number of bookings this Valentine’s Day (231 per cent y-o-y growth) as compared to last year.

On path of profitability: Ritesh Agarwal's OYO estimates revenue to be US $751 mn in 2022-23

On path of profitability: Ritesh Agarwal's OYO estimates rev...

Sat, Jan 28, 2023

In September 2021, OYO had filed preliminary documents with the Securities and Exchange Board of India (Sebi) for a Rs 8,430 crore IPO.

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

Small towns witness highest increase in room bookings in 2022: OY...

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.

IPO 2023 Outlook: Big listings, massive fundraisings likely next year with OYO, Swiggy among others all set for market debut – Watch Video!

IPO 2023 Outlook: Big listings, massive fundraisings likely next...

Mon, Dec 19, 2022

So far we have seen 33 IPOs in 2022 raising around Rs 55,783 crore in 2022, as the primary market this year has been sluggish and not seen the exuberance witnessed in 2021.

‘4-day a week and infinite paid leaves’: OYO comes up with slew of measures amid covid crisis

‘4-day a week and infinite paid leaves’: OYO comes up with slew o...

Thu, May 13, 2021

Amid the covid pandemic, a hospitality firm OYO Rooms has come up with a slew of measures to alleviate the stress levels within the employees.

OYO’s mid-segment sees 92% traction in 3 months; attracts over 300 corporate brands

OYO’s mid-segment sees 92% traction in 3 months; attracts over 30...

Fri, Jul 12, 2019

With 85 percent occupancy on average, Collection O, OYO's mid-segment portfolio, has witnessed a 92 percent traction from repeat customers in India in the previous quarter (April - June 2019), the startup said.

GoAir smart deals: Flyers can avail OYO, Myntra, ZoomCar offer till this date!

GoAir smart deals: Flyers can avail OYO, Myntra, ZoomCar offer ti...

Tue, Jun 18, 2019

GoAir has come out with an amazing scheme under which flyers can book their flight tickets on GoAir website or GoAir app to avail these fabulous offers provided by OYO, Myntra and ZoomCar.

OYO to acquire Amsterdam-based @Leisure Group for $415 mn

OYO to acquire Amsterdam-based @Leisure Group for $415 mn

Wed, May 01, 2019

Hospitality firm OYO has agreed to acquire Amsterdam-based vacation rental company @Leisure Group from Axel Springer for an estimated USD 415 million (over Rs 2,885 crore).

OYO Near You: OYO unveils new initiative for customers

OYO Near You: OYO unveils new initiative for customers

Mon, Apr 22, 2019

Hospitality firm OYO Monday said it has launched a new initiative 'OYO Near You' through which it will curate experiences for customers in Delhi-NCR.

Oyo Jobs! This startup generated 100,000 jobs, says will double it in 2020

Oyo Jobs! This startup generated 100,000 jobs, says will double i...

Wed, Apr 10, 2019

Hospitality firm OYO today said it has created over a lakh direct and indirect jobs in India and is aiming to double the number by 2020.

Best companies to work for in India: Flipkart, OYO, Paytm, Swiggy among Top 10

Best companies to work for in India: Flipkart, OYO, Paytm, Swiggy...

Sun, Apr 07, 2019

Best companies to work for in India: The job scenario, as well as preferences of job seekers, have changed these days as compared to what it was a decade back.

Airbnb to invest $100-200 million in OYO - What we know so far

Airbnb to invest $100-200 million in OYO - What we know so far

Mon, Apr 01, 2019

Home-renting company Airbnb will invest between $100 and $200 million in SoftBank Group-backed Indian hotel start-up OYO.

OYO threat: Boycott of bookings by hotels will invite legal action

OYO threat: Boycott of bookings by hotels will invite legal actio...

Fri, Jan 11, 2019

Hospitality firm OYO Thursday said it would take strict legal action for breach of contract against any hotel on its platform that boycotts bookings under the influence of small vested interest groups.

FHRAI warns OYO of action for contract breaches; firm strongly denies allegation

FHRAI warns OYO of action for contract breaches; firm strongly de...

Mon, Dec 10, 2018

After putting online travel aggregator MakeMyTrip on notice, the Federation of Hotel and Restaurant Associations of India (FHRAI) Monday warned OYO of action, alleging large-scale breach of contracts, jeopardising consumers safety and violation of laws by the hospitality firm.

'Couples,solo travellers make 45% of winter vacation bookings'

'Couples,solo travellers make 45% of winter vacation booking...

Thu, Oct 25, 2018

Goa, Jaipur, Udaipur, Mumbai, Kolkata, Delhi and Shimla have emerged as the most preferred domestic destinations for couples and solo travellers for the upcoming winter vacations, with over 45 per cent travel bookings made by them, a report said.

Oyo to offer 10,000 jobs in UAE; expands international presence

Oyo to offer 10,000 jobs in UAE; expands international presence

Mon, Oct 15, 2018

India's largest hospitality company currently operates 1,200 rooms in the UAE and reportedly aims to have 12,000 keys added to its UAE portfolio by 2020. The company hopes the number of hotels under franchise and lease management will reach 150 across the UAE by 2020, said the report, adding that the firm operates rooms in Dubai, Sharjah and Fujairah.

India venture capital market saw investments of over $2 bn: KPMG

India venture capital market saw investments of over $2 bn: KPMG

Sun, Oct 14, 2018

India's venture capital market saw large sequential growth during the third quarter of 2018 with over USD 2 billion being invested, according to a report by KPMG.

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