Oyo

OYO to file Rs 8,430 crore IPO soon; gets listing nod from BSE, NSE

The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore

Hotel aggregator OYO files for Rs 8,430 crore IPO

The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer for sale of as much as Rs 1,430 crore, according to the draft red herring prospectus (DRHP) filed with SEBI

OYO, Airbnb, EaseMyTrip and Yatra join hands to launch new tourism body for travel industry

The Confederation of Hospitality, Technology and Tourism Industry (CHATT) aims to promote domestic tourism and lead the digital transformation of tourism-related business

NCLT initiates insolvency proceedings against OYO subsidiary; company files appeal

Group CEO Ritesh Agarwal in a tweet termed the text message circulating with claims of OYO having filed for bankruptcy as 'absolutely untrue and inaccurate'

Oyo raises Rs 54 crore is series F1 funding round from Hindustan Media Ventures

The fresh fundraising by the hospitality start-up came at a time when it is slowly recovering from the impact of coronavirus pandemic.

Oyo announces ESOPs of Rs 130 cr for all furloughed employees impacted by COVID-19; forms exigency fund for staff

On 8 April, Oyo founder and Group CEO Ritesh Agarwal had said in a letter and video message that the company will place a certain number of employees on furloughs or temporary leaves, globally.

OYO takes measures to mitigate COVID-19 impact, offer quality hospitality experience

Hospitality firm OYO on Tuesday said it is taking several measures to minimise the impact of COVID-19, and innovating to meet new standards of good quality hospitality experience at its hotels

Some Indian companies with Chinese investments indulge in predatory strategies: Think tank

Chinese investors hold stakes in 18 of the 30 Indian startup unicorns, and some companies backed by them indulge in "predatory" behaviour, which needs to be brought under scrutiny, a domestic think tank said on Thursday

OYO asks some India employees to go on leave with limited benefits, cuts fixed pay of all by 25%

OYO on Wednesday asked some of its staff in India to go on leave with limited benefits from 4 May for four months, and also asked all employees in the country to accept a cut in their fixed salaries by 25 percent due to the impact of the COVID-19 on the hospitality industry

Coronavirus Outbreak: Oyo supports asset owners as occupancy plunges after extension of lockdown

A total of Rs 24 crore discounts have been offered to over 3,000 Oyo partners to lessening the burden of payments due and accrued.