August 16, 2021 8:51 pm
An OYO spokesperson said, "Safety is always our top priority. The concerned property is closed and sealed till further notice."
July 10, 2021 8:31 am
Insolvency proceedings against Oyo have been dismissed by the NCLAT. Why was the company undergoing insolvency proceedings, and why did the NCLAT allow withdrawal despite unresolved claims by other operational creditors?
April 08, 2021 8:14 am
The Ahmedabad bench of NCLT had on April 1 admitted an insolvency plea against OHHPL after a creditor approached the tribunal claiming a default of Rs 16 lakh
April 07, 2021 7:07 pm
Oyo Hotels founder Ritesh Agarwal tweeted Wednesday his company had initially disputed an unidentified supplier’s claim for 16 lakh rupees or about $22,000, but eventually paid “under protest.”
April 09, 2020 1:14 pm
Oyo has more than $1 billion of cash in the bank and is exploring options to remain viable over at least the next 36 months, one of the people said. SoftBank shares rose as much as 3.5% in Tokyo trading.
March 18, 2020 12:59 am
The latest investment will take OYO’s total fund count to over $2 billion. The bulk of the fresh funds will be used to expand its business in the US, the company had said earlier.
March 05, 2020 8:32 am
The Indian startup, Oyo Hotels, is reducing staff in China, the US and its home country as it seeks to boost profitability.
February 18, 2020 4:16 am
Consolidated revenues grew nearly 5 times year-on-year to $951 million in FY19. Revenues stood at about $211 million in FY18, OYO said.