OYO Rooms: News
18 Nov 2024
Ritesh AgarwalOYO raising funds from founder Ritesh Agarwal at ₹32,000cr valuation
Ritesh Agarwal, the founder and CEO of OYO, is looking to invest ₹550 crore into the hospitality chain. This will increase his stake from 30% to 32%.
21 Sep 2024
United States of AmericaOYO to acquire popular US hotel chain for $525 million
Indian hospitality giant, OYO, has announced a significant move in its US expansion strategy.
11 Aug 2024
SoftBank Vision FundOYO raises around ₹1,460 crore in Series G funding round
OYO's parent company, Oravel Stays Ltd, has raised ₹1,457 crore in its latest funding round. This marks the conclusion of the Series G funding round for it.
30 May 2024
Ritesh AgarwalOYO achieves first profitable year with ₹100cr gains in FY24
Travel tech platform OYO has reported its first profitable fiscal year in 2023-24, recording a net profit of nearly ₹100 crore, as revealed by founder Ritesh Agarwal on social media.
22 May 2024
Initial Public Offering (IPO)OYO retreats from IPO plans for the second time
Indian budget hotel chain, OYO, has withdrawn its initial public offering (IPO) application, from the Securities and Exchange Board of India (SEBI) for the second time.
08 May 2024
Ritesh AgarwalOYO reportedly negotiating new funding round at $3 billion valuation
Indian budget-hotel chain start-up, OYO, is in discussions for a funding round, that could decrease its valuation to $3 billion or less, as per TechCrunch.
12 Feb 2024
Stock MarketOYO requests SEBI to expedite IPO approval
OYO's top bankers and executives met with the Securities and Exchange Board of India (SEBI) to discuss the company's progress and speed up its IPO approval.
13 Oct 2023
RelationshipsOYO founder Ritesh Agarwal is going to be a father!
OYO founder Ritesh Agarwal shared a piece of happy news with his followers on Friday. Posing gleefully with his wife-entrepreneur Geetansha Sood, the businessman announced the couple was soon going to be parents.
07 Oct 2023
Shark Tank India'Shark Tank India': Zomato, OYO founders join as new sharks
After two successful seasons, Shark Tank India will soon return for a third installment with a captivating blend of innovation and ambition.
14 Jun 2023
BusinessOYO introduces Stay Now, Pay Later: How it works
Planning your stay with OYO has become easier than ever. The hospitality technology company has introduced a Stay Now, Pay Later (SNPL) feature to provide Indian travelers with greater flexibility.
10 Mar 2023
Ritesh AgarwalOYO founder Ritesh Agarwal's father dies after falling from building
Ramesh Agarwal, the father of OYO Rooms founder Ritesh Agarwal, died after falling from the 20th floor of a high-rise building in Gurugram, Haryana, on Friday, reported NDTV.
20 Feb 2023
Ritesh AgarwalOYO founder Ritesh Agarwal invites PM Modi to his wedding
OYO Rooms founder Ritesh Agarwal took to social media on Sunday (February 19) to share a string of photos with Prime Minister Narendra Modi.
22 Oct 2022
Uttar PradeshNoida: Four arrested for recording couples in OYO rooms
Uttar Pradesh Police arrested four men for allegedly blackmailing couples after recording their intimate moments through hidden cameras in OYO rooms in Noida.
24 Sep 2021
BusinessOYO could file for $1 billion-worth IPO next week
Budget-centric Indian hotel chain start-up OYO is likely to file for an initial public offering (IPO) next week.
14 Sep 2020
ThailandAmid COVID-19, plane cafes launched in Thailand
The novel coronavirus pandemic, which has killed nearly a million worldwide, has brought several aspects of the 'routine life' to a halt, including commercial air travel.
04 Sep 2020
Ritesh AgarwalCOVID-19 effect: OYO extends employee furlough by another six months
The fallout of COVID-19 on the hospitality industry has forced OYO India to extend the furlough period of some of its employees by another six months.
21 Jul 2020
MicrosoftLinkedIn lays off 960 employees, due to COVID-19 pandemic
Microsoft-owned professional network LinkedIn has announced that it will be laying off about 960 employees, or 6% of its workforce, around the world.
01 Jun 2020
MakeMyTripMakeMyTrip lays off 350 employees due to COVID-19: Details here
Following Ritesh Agarwal's OYO Rooms, India's largest travel aggregator MakeMyTrip has laid off 350 employees from its workforce.
07 Sep 2019
Indian Penal CodeOYO founder Ritesh booked for cheating hotelier of Rs. 1cr
OYO Hotels Founder and CEO Ritesh Agarwal has been booked by the Whitefield police in Bengaluru on charges of cheating and criminal breach.
05 Aug 2019
IndiaFive successful CEOs in India who are not even graduates
Graduation is considered an important milestone in a student's learning journey.
02 Jan 2019
India#FinancialBytes: Best 'buy now, pay later' services available in India
In India, "buy now, pay later" payment options are increasingly becoming popular among customers nowadays.
28 Dec 2018
IndiaOYO offers to buy Rs. 50cr shares from current, ex-employees
OYO Rooms, India's second-most valuable startup, has offered to buy back shares from current and former employees to the tune of Rs. 40-50cr.
25 Sep 2018
IndiaOYO Rooms raises $1bn, enters unicorn club
Budget hotel chain OYO Rooms has entered India's unicorn club, having raised a whopping $800mn in a round led by Japan's Softbank Vision Fund.
16 Aug 2018
United States of AmericaOYO looking to raise $1bn, valuation might cross $4bn
It seems that budget hotel network OYO Rooms is getting ready for yet another round of funding, and is reportedly looking to raise an amount between $500mn to $1bn.
24 Jul 2018
IndiaHost the best weddings with AutoParty by OYO
A wedding is a dream, and AutoParty by OYO works to fulfill this beautifully.
06 Jun 2018
India8 popular start-ups currently offering jobs in Gurugram
Start-ups have become popular among job seekers these days in India for the country is emerging as one of the world's fastest-growing start-up hubs.
28 May 2018
IndiaUnmarried couple denied entry in Mumbai hotel: RIP progressive mindset
Though there is no law against unmarried couples sharing a hotel room in India, a recent incident speaks an opposite tale.
20 Feb 2018
GurugramZO Rooms sues OYO Rooms over 'data theft'
Zostel Hospitality, the parent company of ZO Rooms, has sued OYO Rooms in a Gurugram court over data theft.
28 Dec 2017
IndiaWhatsApp users to soon receive show recommendations from Netflix!
Popular video-streaming service Netflix is reportedly joining hands with WhatsApp to send content recommendations to users on the Facebook-owned messaging platform.
14 Sep 2016
IndiaSequoia Capital to sell stakes in firms worth $200 million
According to sources, American venture capital firm, Sequoia Capital, is planning to sell $200 million worth of stakes in eight Indian "non-tech companies" via secondary transactions.
