Friday, May 20, 2022 | Last Update : 07:25 PM IST

oyo

oyo

The terms of the Series F2 CCCPS for all purposes are covered under the "Shareholders' Agreement" dated July 29, 2019, executed amongst the company, Microsoft Corporation, Ritesh Agarwal, and certain other parties. (AP Photo)

Microsoft Corporation invests $5 million in OYO

In July, OYO had announced raising TLB funding of USD 660 million (nearly Rs 4,920 crore) from global institutional investors

20 Aug 2021 5:13 PM

OYO and Microsoft did not respond to queries seeking comments on the matter. (Photo | AP)

Microsoft in talks to buy stake in OYO: Sources

OYO's survival through the COVID crisis and resurgence shows that it is a company with strong fundamentals and high value potential

30 Jul 2021 7:10 PM

It was all bad news on the job front on Monday. Though a media report suggested Walmart shed hundreds of senior jobs in India, the Beast of Bentonville later said it has sacked 36 executives, including eight in the senior management. (Representational image)

Oyo, Walmart add to job gloom

Oyo’s Ritesh Agarwal said, “Some roles at Oyo will become redundant,” but not saying how many.

14 Jan 2020 1:28 AM

The director general of investigation at India’s Income tax department could not be immediately reached for comment.

Tax officials conduct surprise search at SoftBank-backed Oyo

In November, internal projections showed Oyo’s India business will likely make losses until 2021.

11 Jan 2020 11:03 AM

The FHRAI had alleged that the companies have been offering the hotel rooms at less than the “average room rate”.

CCI to open probe against MMT-Go, Oyo

MMT-Go and Oyo contested the allegations and described them as contractual disputes.

30 Oct 2019 4:55 AM

Oyo’s Japanese arm has launched operations in over 100 hotels across the East Asian nation.

India's Oyo launches Japan hotels in SoftBank JV

The Japanese tech giant has already invested nearly USD 1 billion in Oyo.

25 Oct 2019 12:19 PM

Currently, Patna, Bodhgaya, Muzaffarpur, Purnea and Bhagalpur are among the top-performing clusters in Bihar.

OYO to expand footprint in Bihar, create 700 new jobs

The company aims to double its efforts in delivering a high-quality and trusted hospitality experience to guests.

25 Oct 2019 9:35 AM

OYO Rooms Founder & CEO Ritesh Agarwal. (Photo: Files)

OYO to raise USD 1.5 billion in latest round of funding

As part of a Series-F funding, RA Hospitality Holdings will infuse approximately USD 700 million as primary capital, said OYO.

07 Oct 2019 2:13 PM

The new-age hospitality company says it witnessed an upward surge in bookings in its hotels in smaller cities in the September quarter compared to the previous quarter and the same quarter last year.

Short trip to small cities is new travel trend

Surat and Nagpur saw daily average bookings shooting up by 493 per cent and 291 per cent, respectively.

27 Sep 2019 1:42 AM

The company's portfolio currently comprises more than 23,000 hotels and 1,25,000 vacation homes, with over one million rooms globally.

Oyo to invest 300 mn euro to strengthen presence in European vacation rental mkt

The firm will aim to expand the presence of OYO Home, Belvilla and Dancenter brands across Europe.

14 Aug 2019 8:04 PM

Agarwal will buy part of the shares held by Lightspeed Venture Partners and Sequoia India

Oyo founder to buy back $2 billion shares

Softbank will remain the largest shareholder in Oyo with over 45 per cent stake

20 Jul 2019 1:29 AM

This deal would take the valuation of the company to around USD 10 billion.

OYO founder Ritesh Agarwal to buy back shares from early investors for USD 2 bn

Agarwal's stake in the company will rise from the current 9-10 per cent to around 30 per cent.

19 Jul 2019 2:36 PM

While addressing a press conference here on Tuesday, KHRA president Azis Moosa said Oyo’s moves have pushed small and medium sized hotels into crisis.

2-day strike by Kerala Hotel and Restaurants Association from today

The strike will not affect those who have already booked rooms for the two days.

26 Jun 2019 2:20 AM

Company has allocated approximately USD 100 million out of the USD 600 million earlier committed to being invested in China.

Oyo crosses 5 lakh room inventory in China, to invest USD 100 mn in 2 yrs

Oyo also claimed that it has now become the largest single hotel brand in China

25 Jun 2019 3:33 PM

OYO believes that this product has the potential to be a game-changer for our asset owners and to elevate their relationship with the company.

OYO launches Cash in Bank initiative for asset owner-partners

Asset owners will be able to meet their capital requirements for renovations and upgradation work within 48 hours.

29 May 2019 3:06 PM

"We are focused on enabling economic opportunities at every level and are committed towards generating gainful employment and entrepreneurship through our growing network of OYO Hotels and Homes in India," OYO India and South Asia Chief Executive Officer Aditya Ghosh said.

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

The company is helping empower multiple ancillary industries in the hospitality ecosystem by leveraging scale, OYO said in a statement.

10 Apr 2019 9:06 PM

OYO Hotels and Homes operates hotels, homes and living spaces with footprints in more than 500 cities across 10 countries.

OYO forms JV with Softbank to launch hotel operations in Japan

OYO Hotels Japan offers various values for owners such as dynamic pricing and reservation systems.

04 Apr 2019 1:17 PM

Flipkart is the most preferred workplace in India.

Flipkart, Amazon, Oyo top workplaces in India: report

Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.

03 Apr 2019 1:18 PM

OYO - in-app SOS Button

OYO launches industry first in-app SOS button

OYO reiterates its commitment to bringing technology led innovations for enhanced safety of all the guests.

12 Mar 2019 10:15 AM

Once activated, the in-app SOS button generates a trigger alert to OYO’s Safety Response Team with the guest, booking, location and emergency contact details.

OYO launches in-app SOS button

OYO reiterates its commitment to bringing technology led innovations for enhanced safety of all the guests.

09 Mar 2019 3:30 PM

1 of 2

ADVERTISEMENT

MOST POPULAR

Low blow for alcohol lovers as liquor prices go higher in Telangana

The new price list is available on the website www.tsbcl.telangana.gov.in/ts/ — Representational image/DC

Nation's envy: TS legislators are highest paid in the country

Telangana MLAs shot to the top of the ladder in 2016 when the state government hiked their pay and allowances by an overwhelming 163 per cent in one go. (Representational Image/File)

Experts for study on bee population

Even if bees are affected at sub-lethal levels, their fall in health eventually contributes to the collapse of their colonies. (Representational Image/ Pexels)

Report: India might turn zoonotic disease hotspot

Map shows emerging ‘hotspots’ of zoonotic diseases spread from wildlife, from the ’State of the World's Forests 2022’ report. (By Arrangement)

Saileswaram Jatara turns a messy affair this year

This year’s entry fee collection turned into a mess with sudden orders from Hyderabad that the entry fee be scrapped, two days into the festival. (DC Image)

What do we know about 'stealth omicron' so far?

In rare cases, early research indicates BA.2 can infect people even if they’ve already had an omicron infection. COVID-19 vaccines appear just as effective against both kinds of omicron, offering strong protection against severe illness and death. (DC file photo)

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Lifestyle Gallery

Without fail every morning, an orderly (please don't call them ward boy) came by to change my bed clothes. (DC Photo: Rajesh Jadhav)

My life in Covid-19 quarantine

Having made Mumbai’s streets his canvas and DSLR camera his paintbrush, photographer Star Udyawar’s narration of everyday life in the maximum city is riveting. As can be seen in his various portrayals of the city like the historic Chhatrapati Shivaji Terminus (CST), Dhobi Ghat with its colourful backdrop, and the famous Sea-link. For Udyawar, perspective is key as it defines the in-depth relationship between the objects in a picture along with the dimensions that a viewer perceives.

Framing the Mundane

A model walks the runway at the Pamella Roland fashion show during New Yo)rk Fashion Week at Pier 59 Studios on February 7, 2020 in New York City. (AFP

The best pictures from New York Fashion Week

T K Sandeep is a photographer whose work consists of moody video poems and photo poems. One of his recent projects was a calendar in which he got hijras and transgenders in Kerala to tell him their dream professions, and then he photographed them dressed as those professionals.

A selection of photographer TK Sandeep's work

The dress featured a fairly simple silhouette with a plunging neckline. But the drama is brought by the feathered veil/cape element. It also had a bow at the neck for added drama. (Photo: AP)

Valentino fashionably interprets A Midsummer's Night Dream

A man sports a colourful headgear with traditional motifs. (Photo: AP)

India gears up for Navratri

ADVERTISEMENT

-->