Oyo
- India
Delhi HC directs former SC judge to mediate in Oyo’s lease dispute
New Delhi: The Delhi High Court has appointed Justice Vikramajit Sen, former Supreme Court judge, as the sole arbitrator in a lease deed dispute involving Oyo Hotels and Homes Pvt Ltd. Justice…
- Delhi
Delhi HC dismisses Zostel’s plea against OYO
New Delhi: The Delhi High Court has refused to interfere with Oravel Stays’ move to make an initial public offering (IPO) and dismissed a plea by Zostel Hospitality claiming seven per cent…
- Business
Delhi HC nixes plea by Zostel to restrain OYO’s IPO process
New Delhi: The Delhi High Court on Monday nixed a plea filed by hostel chain Zostel (Zo Rooms) seeking to restrain OYO Hotels and Homes from proceeding with its initial public offering…
- Kashmir
J&K government, OYO Group launch rural home stay
Jammu: Jammu and Kashmir government and world’s leading travel tech platform, OYO Group on Thursday launched rural home stay under the project “Crown of Incredible India” during an event presided by Lt…
- Business
Has IPO-bound OYO regained trust of its hotel partners?
New Delhi: As travel tech major OYO prepares for its much-awaited public listing, the continued satisfaction of its hotel partners and winning back dissatisfied partners will play a key role in determining…
- Technology
Microsoft, OYO join hands to digitally transform travel industry
New Delhi: Tech giant Microsoft and travel technology platform OYO on Thursday announced that they have entered a multi-year strategic alliance to co-develop next generation travel and hospitality products and technologies. OYO will…
- Business
Microsoft invests $5 mn in OYO
New Delhi: Satya Nadella-run Microsoft has invested $5 million in Airbnb-backed Indian budget hotel chain OYO taking it valuation to $9 billion, as the hospitality chain plans a potential initial public offering (IPO)…
- India
Beaches in Kochi 2nd most sought after in India: OYO travelopedia survey
Kochi: In a survey result released by OYO’s annual travelopedia, beaches in Kochi were deemed the second-most sought-after beach destination after Goa in the country. Kochi was followed by Visakhapatnam and Puducherry. The survey that was done on…
- Jobs
COVID-19: OYO to lay off several furloughed employees in US
NEW DELHI: Hospitality major OYO that announced furloughs or temporary leaves for its employees in the US in April has now confirmed that “large majority” of them would be laid off with…
- Technology
OYO announces bug bounty programme to strengthen security
New Delhi: Hospitality unicorn OYO has said that it will introduce a bug bounty programme towards ensuring that there is a credible and continuous flow of positive feedback from independent security groups…
- Business
OYO logs FY19 revenue of $951 mn, net loss at $335 mn
New Delhi: OYO Hotels and Homes on Monday reported a consolidated revenue of $951 million for the financial year 2018-19, over fourfold increase from $211 million as reported in the previous fiscal.…
- Business
OYO India sales hit $604mn, losses down to 14% in FY2019
NEW DELHI: Hospitality unicorn OYO Hotels & Homes on Monday announced that its standalone losses in India went down from 24 per cent in the financial year 2018 to 14 per cent…
- Business
Committed to growing the right way: Oyo
New Delhi: Hospitality chain Oyo said on Saturday that it is committed to “growing the right way” by meeting the needs of property owners and guests. Oyo issued a statement on Saturday…
- Bangalore
Oyo Life aims for 1,00,000 bed count by 2019-end
Bengaluru: Oyo Life, a long-term rental solutions player, aims to provide 1,00,000 beds by 2019-end, the company said on Thursday. “We expect the co-living market to continue to grow further, Oyo Life…
- Business
OYO to raise $1.5 billion in Series F funding
NEW DELHI: OYO Hotels & Homes on Monday announced that it would raise $1.5 billion in the Series F funding round, whereby RA Hospitality Holdings will infuse approximately $700 million as primary…
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