OYO Rooms

News and Trends

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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Here's Why This Hospitality Unicorn is Scaling Back And Laying Off Employees

Latest reports say SoftBank-backed OYO has laid off around 200 employees from Delhi and rolled back operations massively

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Will Vision Fund 2 Save SoftBank in 2020?

The Japanese conglomerate is likely to announce the first close of the fund at around $30 billion in the first quarter of next year, according to a media report