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OYO.

OYO expects more than Rs 5,700 revenue in FY23

Agarwal outlined that the key focus areas of OYO in the calendar year 2023 will be on Profit After Tax (PAT) along with consistent momentum in EBITDA; achieve cash flow positive in FY24; cost efficiency and improving...

27 March 2023

OYO.

OYO Hotel Staff Assaults 2 Guests For Demanding Refund In Rajasthan's Bilaspur

In Bilaspur, Two friends staying at an OYO hotel were allegedly thrashed by the staff for demanding a refund, police said.

15 February 2023

OYO To Refile Updated Draft IPO Papers By Mid February

OYO To Refile Updated Draft IPO Papers By Mid February

Earlier this month capital markets regulator SEBI had asked the company to refile the draft initial public offering (IPO) papers with certain updates

18 January 2023

Ritesh Agarwal, Founder and Group CEO, OYO Hotels and Homes

OYO Founder Ritesh Agarwal's Father Ramesh Agarwal Dies After Falling From High-Rise Building

Gurugram's DCP (East) Virender Vij said that at around 1 pm, information was received that a person fell from the 20th floor of an apartment in the DLF The Crest Society at Sector 54, Gurugram

10 March 2023

OYO

OYO Estimates Its Revenue To Be $751 Million In 2022-23: Ritesh Agarwal

The company expects its revenue in FY23 to be USD 751 million, up 19 per cent from USD 629 million in FY22, he told the employees through a presentation during the townhal

27 January 2023

OYO Writes To NCLT Seeking Action Against

OYO Writes To NCLT Seeking Action Against "Erring" FHRAI Executive Committee Members

An email sent to the Federation of Hotel & Restaurant Associations of India (FHRAI) seeking comments did not elicit a response

05 January 2023

OYO.

OYO Asks Govt To Probe Functioning Of Hotel & Restaurant Association's 'Illegally Run' Committee

The representation by OYO alleges that Federation of Hotel & Restaurant Associations of India's (FHRAI) actions are detrimental to small hotel owners

26 February 2023

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OYO Saw Over 4.5 Lakh Bookings On New Year's Eve: Founder Ritesh Agarwal

The year 2022 saw a major uptick in travel and tourism. Globally, leisure destinations have led the travel recovery curve, while in India, business and cultural travel have significantly contributed to the sector

02 January 2023

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28 December 2022
Small Towns Witness Highest Increase In Room Bookings In 2022: OYO

Small Towns Witness Highest Increase In Room Bookings In 2022: OYO

With travel bouncing back strongly after the pandemic, OYO Travelopedia 2022 found that Hyderabad, Delhi, Bangalore, Kolkata, and Chennai emerged as the most...


03 December 2022
OYO To Downsize 3,700-Employee Base, Cut 600 Jobs

OYO To Downsize 3,700-Employee Base, Cut 600 Jobs

OYO said the move is part of implementing wide ranging changes in its organisational structure


22 November 2022
NCLAT Stays CCI's Rs 169 Crore Penalty On Oyo

NCLAT Stays CCI's Rs 169 Crore Penalty On Oyo

However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within...


05 October 2022
IPO-Bound OYO Valuation Dips In Pvt Market After Reported Markdown By Investor Softbank

IPO-Bound OYO Valuation Dips In Pvt Market After Reported Markdown By Investor Softbank

The sell-off followed reports that its largest investor SoftBank has cut the valuation of the hospitality platform by 20% to $2.7 billion in its books


19 September 2022
OYO Reports Revenue At Rs 1,459 Crore In April-June

OYO Reports Revenue At Rs 1,459 Crore In April-June

For FY22, revenue from contract with customers was at Rs 4,781.4 crore. In FY21 it was at Rs 3,961.65 crore; Rs 13,168.15 crore in FY20 and Rs 6,329.74 crore...


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09 August 2022
OYO Acquires Denmark-Based Holiday Home Operator Bornholmske Feriehuse

OYO Acquires Denmark-Based Holiday Home Operator Bornholmske Feriehuse

Based out of Bornholm island in Denmark, Bornholmske Feriehuse has 737 holiday homes spread over 30 holiday parks on its platform


02 August 2022
Cipla Appoints Oyo's Mandar Purushottam Vaidya As Independent Director

Cipla Appoints Oyo's Mandar Purushottam Vaidya As Independent Director

In August 2019, Vaidya had joined OYO, a global travel-tech company as CEO - SE Asia & Middle East.


23 July 2022
Swiggy, Zomato, Flipkart, Ola And Oyo Officials To Attend Parliamentary Standing Committee On Marketplace Competition

Swiggy, Zomato, Flipkart, Ola And Oyo Officials To Attend Parliamentary Standing Committee On Marketplace Competition

Chaired by BJP leader and former Union Minister Jayant Sinha, the Committee has been investigating allegations of anti-competitive practices by leading tech...


21 July 2022
Rohit Kapoor Quits OYO As CMO, Likely To Join Swiggy As CEO Of Food Delivery Business

Rohit Kapoor Quits OYO As CMO, Likely To Join Swiggy As CEO Of Food Delivery Business

Kapoor joined OYO in 2018 as CEO of its new real estate businesses but was appointed Global CMO this April after Ankit Gupta was promoted as CEO of OYO India


13 July 2022
OYO Offers Special Discount For NEET 2022 Woman Aspirants

OYO Offers Special Discount For NEET 2022 Woman Aspirants

National Eligibility Cum Entrance Test (NEET) will be held on July 17 at different centres in 497 cities across India


12 July 2022
OYO Slashes Tariffs Upto 60% To Help Stranded Mumbaikars This Monsoon

OYO Slashes Tariffs Upto 60% To Help Stranded Mumbaikars This Monsoon

Stuck in the rain in Mumbai? OYO has rolled out a rather unique offer to help stranded commuters during heavy downpour and waterlogging in Mumbai


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24 May 2022
OYO Plans IPO After September, May Settle For Lower Valuation

OYO Plans IPO After September, May Settle For Lower Valuation

The company's proposed IPO comprised a fresh issue of equity shares aggregating up to Rs 7,000 crore and an offer for sale to the tune of Rs 1,430 crore, as...


28 April 2022
India's Small Towns Hotbeds Of Entrepreneurship: OYO CEO Ritesh Agarwal

India's Small Towns Hotbeds Of Entrepreneurship: OYO CEO Ritesh Agarwal

Agarwal also stressed on the need to integrate the "very large rural mass" of India with the usage of technology and help generate income for the people living...


17 March 2022
Oyo Considers Cutting IPO Size By Almost 50%: Report

Oyo Considers Cutting IPO Size By Almost 50%: Report

The startup had filed for an initial public offering last year


15 February 2022
Delhi High Court Dismisses Zostel's Plea Against OYO

Delhi High Court Dismisses Zostel's Plea Against OYO

Subsequently, owing to defaults on the part of Oravel, Zostel was unable to acquire the assets of Oravel and an award was passed in March 2021 against Oravel...


08 February 2022
IPO-Bound OYO Onboards Satyadeep Mishra As Chief Human Resources Officer

IPO-Bound OYO Onboards Satyadeep Mishra As Chief Human Resources Officer

Mishra, who was with Reliance Jio before, will also be responsible for teams that serve international markets of OYO, including the US, UK, Latin America and...


25 January 2022
IPO-bound OYO Gets Listing Approval From BSE, NSE 

IPO-bound OYO Gets Listing Approval From BSE, NSE 

 OYO has filed preliminary documents for an Rs 8,430 crore initial public offering (IPO). The offering will consist of a fresh issue of shares of up to Rs...


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