Oyo parent Oravel Stays likely to raise $200 million at 2x valuation of $4.5-5 billion: Report
New Delhi/IBNS: Oravel Stays, the parent company of the global travel and hospitality firm Oyo, is reportedly in discussions to raise $200 million through a primary funding round, according to a report by Business Standard.
OYO to acquire iconic hotel chains Motel 6 and Studio 6 for $525 million in US expansion bid
New Delhi/IBNS: Indian homegrown hospitality giant Oyo is set to acquire Motel 6, one of the most well-known budget hotel chains in the United States, for $525 million from Blackstone's real estate division.
SoftBank CEO Masayoshi Son attends OYO founder Ritesh Agarwal's wedding
New Delhi: SoftBank CEO and founder Masayoshi Son attended the wedding ceremony of Ritesh Agarwal, the founder of OYO in Delhi. The occasion was also attended by several prominent corporate figures, including Vijay Shekhar Sharma of Paytm, Peyush Bansal of Lenskart, and Kalyan Krishnamurthy, the CEO of Flipkart, according to media reports.
CCI slaps multi-crore penalties on MakeMyTrip, GoIbibo, OYO for anti-competitive arrangement
New Delhi: The Competition Commission of India (CCI) has imposed monetary as well as behavioral sanctions on MMT-Go (MakeMyTrip and GoIbibo) for abusing its dominant position and also for having an anti-competitive arrangement with OYO (Oravel Stays Limited), the anti-trust watchdog said Wednesday.
OYO contributes to ‘Invest in Denmark’ with acquisition of Nordic based Bornholmske Feriehuse
New Delhi/Copenhagen/Bornholm: Travel and hospitality technology platform OYO said it has concluded the acquisition of Europe -based holiday homes operator Bornholmske Feriehuse through its subsidiary DanCenter, as a part of its endeavor to expand as a preferred full-stack vacation homes provider.
ZenEquity offers IPO-bound OYO’s employees & alumni with ESOP management tech solutions
ESOP management platform ZenEquity has partnered with global travel tech platform OYO to provide its current and former employees with the best in class, easy to use ESOP management platform. Ahead of OYO’s IPO, the portal will provide an end-to-end solution to make viewing, managing and exercising ESOPs completely paperless.
Zostel says it wins 3-year legal battle over alleged agreement breach against OYO
Kolkata:Backpacker hostel startup Zostel on Sunday said it won 3-year legal battle against Oravel Stays Pvt Ltd (OYO).
OYO Hotels & Homes elevates Harshit Vyas to Chief Business Officer
Kolkata/UNI: OYO Hotels & Homes, the world’s second-largest chain of leased and franchised hotels, homes, living and workspaces, today announced the appointment of Harshit Vyas, as the Chief Business Officer, India, effective October 01, 2019.
OYO acquires European data science company Danamica
Amsterdam, Sept 2 (IBNS): OYO Hotels & Homes, a hotel chain, on Monday announced that it has acquired Danamica, a Copenhagen based data science company, with machine learning and business intelligence capabilities, specialized in dynamic pricing.
We're largest single hotel brand in China: OYO Hotels & Homes
Kolkata, Jun 25 (UNI) OYO Hotels & Homes on Tuesday announced that it has become the largest single hotel brand in China and continues to maintain the second spot at the hotel group level in the country.
New Delhi, Apr 9 (IBNS) : OYO Hotels and Homes, one of China’s top four, and the world’s fastest-growing chain of leased and franchised hotels, homes & living spaces, on Tuesday announced that OYO Wizard, India’s largest hospitality loyalty program, has reached the milestone of 1 million Wizard memberships within nine months of its launch.
OYO launches the first Townhouse in Jaipur
Jaipur, Sept 3 (IBNS): Hospitality chain OYO on Monday announced the launch of its mid-market offering ‘OYO Townhouse’ in Jaipur city of Rajasthan.
OYO Hotels signs MoU with SBI and Bank of Baroda to offer financial fillip for small hotels
New Delhi, July 25 (IBNS): OYO, South Asia's largest hotel chain, on Wednesday inked MoUs with the State Bank of India and Bank of Baroda for extending its support to budget hotels and creating jobs across levels.
OYO Hotels ventures into China
New Delhi, June 20 (IBNS): OYO Hotels, a largest hospitality chain, on Wednesday announced its foray into China with a strong focus on strengthening its hotel chain in the country.
OYO expands its footprint in UP, launches townhouse in Noida
New Delhi/Noida, Feb 18 (IBNS): OYO, a hospitality company, on Sunday announced the launch of its mid-market offering ‘OYO Townhouse’ in Noida.