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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 secondary market: Sources

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.

Moody's upgrades OYO parent Oravel Stays rating; outlook stable

Moody's upgrades OYO parent Oravel Stays rating; outlook stable

Thu, Dec 05, 2024

Elaborating upon the rating rationale, Moody's said OYO is in the process of securing a new five-year USD 825 million term loan, which together with the USD 174 million of primary equity capital raised between June and August 2024, will be used to repay its existing TLB that matures in June 2026, easing its refinancing pressures.

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

Sat, Sep 21, 2024

Oravel Stays, the parent company of OYO stated that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of Motel 6 and the chain's offshoot hotel brand, Studio 6.

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FHRAI complains against OYO & Make My Trip, CCI orders for probe

FHRAI complains against OYO & Make My Trip, CCI orders for probe

Tue, Oct 29, 2019

The Federation of Hotel & Restaurant Associations of India files a complaint against OYO & Make My Trip after which Competition Commission of India orders for the probe.

A new trend of Co-working & Co-living to invest

A new trend of Co-working & Co-living to invest

Sun, Sep 15, 2019

A new trend of Co-working & Co-living to invest. Watch this special report of Zee Business.

Vehicle sharing platform Drivezy partners OYO; to station 1 lakh bikes, cars at latter's properties

Vehicle sharing platform Drivezy partners OYO; to station 1 lakh bikes, cars at latter's properties

Mon, Sep 09, 2019

Bengaluru-based vehicle sharing platform, Drivezy, announced a strategic business partnership with OYO Hotels & Homes.

OYO acquires Danish data science firm Danamica

OYO acquires Danish data science firm Danamica

Mon, Sep 02, 2019

OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount.

Oyo announces free insurance up to Rs 10 lakh for guests: Here are the steps to claim it

Oyo announces free insurance up to Rs 10 lakh for guests: Here are the steps to claim it

Mon, Aug 12, 2019

Oyo Hotels & Homes on Monday announced a first-of-its-kind offering for its customers with complimentary insurance cover for guests as part of the booking price during their stay in OYO properties across India. The company will provide this service to its customers in partnership with ACKO General Insurance.

World's third biggest hotel chain OYO launches 'ÓYO Partners Engagement Network'

World's third biggest hotel chain OYO launches 'ÓYO Partners Engagement Network'

Thu, Aug 01, 2019

World's third biggest hotel chain OYO launches 'ÓyO Partners Engagement Network'. Watch video to know more.

Going for vacation? Your trip can get cheaper - Now, get 0 pct EMI on hotel bookings

Going for vacation? Your trip can get cheaper - Now, get 0 pct EMI on hotel bookings

Wed, Jul 24, 2019

If you are planning a vacation or going for a holiday, your journey just got cheaper. EMI financing firm Zest Money and OYO Total Holidays have partnered to provide 0% EMI option on hotel bookings by OYO.

OYO disburses Rs 45 crore in June to support hoteliers, over 2000 hotels benefit

OYO disburses Rs 45 crore in June to support hoteliers, over 2000 hotels benefit

Mon, Jul 22, 2019

OYO Hotels & Homes; a chain of leased and franchised hotels, homes & living spaces; announced that it has already dispensed over Rs 45 crore under its recent Cash in Bank initiative for supporting hotel owner and customer satisfaction.

OYO's Ritesh Agarwal to buy back $2 bn shares from early investors - Check details

OYO's Ritesh Agarwal to buy back $2 bn shares from early investors - Check details

Fri, Jul 19, 2019

OYO Hotels & Homes, a hospitality chain, today (Friday) announced that its founder and CEO Ritesh Agarwal has signed a $2 billion deal of share buyback through a primary and secondary management investment round.

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.

OYO to invest $300 mn in US, promises to bring hospitality experience at price point never imagined

OYO to invest $300 mn in US, promises to bring hospitality experience at price point never imagined

Thu, Jun 20, 2019

One of the world's fastest growing hospitality companies, OYO Hotels & Homes, has announced an investment of $300 million in the United States over the next few years.

Research Gurukul Episode 9: All you need to know about Hotel sector

Research Gurukul Episode 9: All you need to know about Hotel sector

Fri, May 17, 2019

In this episode of Research Gurukul, Know all about the companies in the Hotel sector.

OYO launches app for Android users globally

OYO launches app for Android users globally

Thu, May 16, 2019

The app is currently live and available to consumers across the globe on Android, the statement said.

Looking for a holiday home? Here is how OYO may help

Looking for a holiday home? Here is how OYO may help

Fri, May 03, 2019

With Oyo Homes, the wanderlusts and travellers can avail satisfactory stay in their own comfort from a wide range of homes.

OYO launches partner engagement program to offer more financial & technology support

OYO launches partner engagement program to offer more financial & technology support

Fri, Apr 19, 2019

Hotel startup OYO Hotels & Homes on Thursday launched an updated outreach technology and regulatory program to ease access for its network of hotel partners in India, as well as, draw in more local hotel chains into its fold.

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 it in 2020

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.

Have created over 1 lakh direct and indirect jobs in India: OYO

Have created over 1 lakh direct and indirect jobs in India: OYO

Wed, Apr 10, 2019

OYO has footprint in over 500 cities across 10 countries - India, China, Malaysia, Nepal, the UK, the UAE, Indonesia, Saudi Arabia, the Philippines and Japan.

OYO reveals the secret sauce that makes employees stick to the startup

OYO reveals the secret sauce that makes employees stick to the startup

Mon, Apr 08, 2019

OYO Hotels & Homes; the fastest-growing chain of leased and franchised hotels, homes and spaces; secured a place on the list of Linkedin's top 10 companies to work for in India.

These are the 10 best workplaces in India: Amazon on 2, Oyo on 3; check who tops list

These are the 10 best workplaces in India: Amazon on 2, Oyo on 3; check who tops list

Wed, Apr 03, 2019

LinkedIn ranked the companies based on four criteria -- interest in the company, engagement with employees, job demand and employee retention.

Airbnb invests in OYO's series E funding round

Airbnb invests in OYO's series E funding round

Mon, Apr 01, 2019

The company bought HotelTonight last month, an app for finding hotel rooms at a discount, with an eye on a variety of travellers ahead of a hotly anticipated initial public offering.

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