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OYO News

11 Aug 2024

OYO Raises Rs 1,457 Crore In Latest Funding Round Before Much Awaited IPO

The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at ₹29, consistent with the valuation of the recent raise in Series G.

18 May 2024

Oyo To Refile Its IPO Papers Post-Refinancing Existing Loan

As per existing SEBI regulations, the company will need to revise its filings with the regulator.

21 Apr 2024

Every Global Brand Wants To Be In India: OYO's Ritesh Agarwal

Ritesh Agarwal who is a popular 'Shark Tank India' judge, said that today, every global brand wants to be in the country.

12 Dec 2023

Who Is Rakesh Kumar, Hospitality Major OYO's New CFO

Rakesh Kumar will take charge as OYO's new CFO from January 1.

Shark Tank India season 3

07 Oct 2023

Zomato's Deepinder Goyal Joins As New Shark After Oyo's Ritesh Agarwal

Deepinder Goyal and Ritesh Agarwal will join Aman Gupta, Anupam Mittal, Namita Thapar, Vineeta Singh, and Peyush Bansal as Sharks for Shark Tank India season 3.

06 Aug 2023

The OYO Story: Ritesh Agarwal's Nostalgic Pic During Early Days

Ritesh Agarwal's journey from a small town in India to the founder of a multi-billion-dollar company is a testament to his determination, vision, and entrepreneurial spirit.

31 Mar 2023

OYO Pre-Files Draft Paper For IPO; Likely To List Around Diwali: Sources

Explaining the rationale for filing through the pre-filing route, a source said, "The market continues to be highly volatile globally and to an extent in India as well.

27 Nov 2022

IPO-bound OYO's EBITDA rises 8 times, loss reduced by 20 per cent

The company`s adjusted EBITDA for Q2 grew eight times from Rs 7 crore in Q1 of Rs 56 crore. The sharp uptick in EBIDTA wasn`t enough to make the company profitable at a net level. It increased by 69 per cent year on year to Rs 3.48 lakh.The total GBV itself grew 33 per cent to Rs 5,028 crore in H1 2022-23.

22 Oct 2022

Gang shoots obscene videos of couples in OYO in Noida, busted

Noida police arrested four for blackmailing couples after secretly making their obscene videos The gang allegedly used to set up hidden cameras in OYO hotel rooms

13 Jul 2022

OYO offers upto 60% special discount for NEET 2022 woman aspirants

The hospitality tech firm said the discount scheme is valid for two days - July 16 and July 17, 2022.

14 Apr 2022

OYO recorded more bookings for Navratri, Ashtami than Valentine's Day, Holi

OYO said it received over 3.1 lakh bookings for the last festive weekend from April 8-10. Leisure destinations like Srinagar, Manali, Shirdi, Prayagraj, Chandigarh, Gwalior, and Ludhiana saw the highest growth. More than 2 lakh OYO hotels witnessed 100 per cent occupancy.

26 Jan 2022

IPO-bound OYO gets listing approval from BSE, NSE

OYO has filed preliminary documents for a Rs 8,430 crore initial public offering (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.

09 Jan 2022

OYO received bookings worth Rs 110 crore for New Year celebrations

Overall, the renters booked more than 5 lakh nights, generating bookings worth more than Rs 110 crore over the weekend. The company received over 5,03,000 bookings in 2021 for December 30 and 31 December. It had received close to 1 lakh bookings in 2016.

29 Oct 2021

OYO versus Zostel: SoftBank-backed hospitality giant refutes allegations

Zostel Hospitality had requested the markets regulator Sebi to reject the draft red herring prospectus. The DRHP is replete with material omissions and blatant misstatements. The company has made adequate disclosures required under the applicable law in the DRHP filed with Sebi.

01 Oct 2021

SoftBank-backed Oyo files draft papers for $1.14 billion IPO

The offering will consist of a fresh issue of shares of up to 70 billion rupees ($942.8 million) and an offer for sale of as much as 14.30 billion rupees. Oyo is the latest among a clutch of tech-focused companies to tap a booming Indian IPO market. According to Oyo`s draft herring prospectus, the offer for sale comprises equity shares aggregating up to 13.29 billion rupees by SVF India Holdings.

23 Sep 2021

Hospitality giant OYO to file for $1.2 billion IPO next week: Report

The listing plan follows a stellar debut by food delivery firm Zomato Ltd in July. Nykaa have also filed for IPO. Ride-hailing firm Ola. Oyo, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs.

14 Sep 2021

IPO-bound OYO to become public limited company

The company intends to list its equity shares on one or more stock exchanges to enable shareholders with a formal marketplace for dealing with equity shares. Last week, the board of Oravel Stays Private Limited had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore. OYO is likely to file its draft red herring prospectus (DRHP) with Sebi in the next couple of months, according to sources.

21 Aug 2021

Microsoft invests INR 37 crore in IPO-bound OYO

OYO endured months of layoffs, cost cuts and losses during the COVID-19 pandemic. But with easing travel curbs and increasing vaccinations, travel demand is slowly recovering in India. In July, OYO said the firm would consider a potential public offering.

30 Jul 2021

Microsoft may invest in Oyo at over $9 billion valuation ahead of IPO

The Ritesh Agarwal-run hospitality chain has included Airbnb, Chinese ride-hailing giant Didi Chuxing and ride-hailing firm Grab as strategic investors. OYO is the first Indian startup to be publicly rated by Moody's and Fitch, two of the leading international rating agencies.

16 Jul 2021

OYO raises $660 million in debt to revive from pandemic blows

The offer was oversubscribed by 1.7 times. The company received commitments of close to $1 billion from leading institutional investors. The interest margin rate was also lowered by 25 basis points.

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