OYO Rooms
Oyo India CEO And Europe Head Quit Ahead Of IPO
The developments come at a time when Oyo has refiled its draft red herring prospectus (DHRP) with the Securities and Exchange Board of India (Sebi) under the recently introduced pre-filing route
Oyo Likely To Remain Ebitda Positive For FY24: Moody's
Moody's forecast is based on a further demand recovery in the hospitality business, a higher number of storefronts on Oyo's platform and more cost reductions
Sebi Asks Oyo To Refile the Draft IPO Papers With Updates
According to the filing showed to Sebi, the firm's revenues in the first half (April-September) of FY23 grew 24% year-on-year to INR 2905 crore
First came layoffs, now comes charity from Oyo
The founder and group CEO of OYO tweeted about supporting its OYOpreneurs who have to part ways
OYO To Let Go Of 600 Employees From Tech Team, Hire 250 In Sales
The IPO-bound company is downsizing its product and engineering, corporate headquarter and the OYO Vacation Homes teams, while adding people to the partner relationship management and business development teams
FHRAI Approaches Sebi To Block OYO From IPO Launch
The move comes at a time when the Competition Commission of India (CCI) imposed penalty on the hospitality and travel-tech firm for unfair business practices
Oyo Records Revenue Of INR 1459 Crore In Q1
The company is internally working towards a January IPO as executives are encouraged by a pick-up in demand
Tech Giants To Meet Parliamentary Panel Over Competition Issues
Jayant Sinha, BJP leader and former Union minister chaired the parliamentary standing committee on finance, has been analyzing various aspects of competition in the marketplace, mostly within the technology platforms
Oyo's Creditors Assert INR 160Cr In Dues; Claims To Be Verified
Oyo in a blog post said these claims received by the IRP as part of the standard process but aren't reviewed, assessed, contested or confirmed, or even adjudicated (as some of these may pertain to ongoing disputes) yet
OYO Dragged To NCLT, Startup Appeals Against Proceeding
The Ahmedabad bench of the tribunal admitted the insolvency plea on March 30, 2021 filed by OYO's creditor Rakhesh Yadav contending that OHHPL has defaulted on an amount of INR 16 lakh
This Diwali, Here's Where Indians are Travelling
Tired of lockdowns and work for home, people are opting for road trips during this long Diwali weekend
Hotel Experiences Are Going To Be Completely Different: Ritesh Agarwal
The OYO Rooms founder and CEO is confident that the hospitality industry will bounce back, but pre-COVID practices will undergo paradigm change
Bad Times for OYO May Pick up its Threads from Last Year
Hyderabad-based hospitality firm Conclave Infratech has filed a bankruptcy application against the hospitality unicorn
Indian Hospitality Unicorn OYO Hotels & Homes Widens Global Net Loss To $335 Million
Amid difficult times, OYO Hotels & Homes global consolidated revenue stood at $951 million for FY19
Masayoshi Son-Funded Start-Ups Not Going 'Soft' On Employees
With Vision Fund II in sight, Softbank's portfolio companies in India and across the world are cutting jobs in order to reduce losses and shore up investor sentiment.