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Wednesday, October 28, 2020

OYO rooms


OYO elevates India & South Asia CEO Aditya Ghosh to board of directors

December 02, 2019 9:41 pm

Rohit Kapoor, currently CEO of the new real estate businesses of the company, has been appointed as CEO (India & South Asia) for OYO Hotels & Homes.

Delhi: Junior shooter electrocuted in Delhi OYO hotel room

October 15, 2019 4:44 am

DCP (South East) Chinmoy Biswal said, "We suspect the boy died due to an electric shock from appliances in the bathroom. We have registered an FIR under IPC section 304A (death due to negligence)."

Manager who denied room to Kashmiri man in Delhi warned, says OYO

August 21, 2019 1:10 am

“This was an absolutely isolated incident. No person is being denied accommodation in our hotels because they hold identity cards of J&K. We have among the largest number of hotels in J&K,” the employee said.

Oyo founder inks deal to buy back shares worth $2 bn; his stake to rise threefold

July 20, 2019 6:12 am

As per sources in know of the matter, after the entire process is completed, Ritesh Agarwal’s stake in Oyo will rise from the current 9-10 per cent to around 30 per cent. This would take the valuation of the company to around $10 billion.

Airbnb invests in OYO's series E funding round

April 01, 2019 2:11 pm

The investment will give Airbnb access to a variety of franchised or leased hotels, helping it lure travellers who have shied away from the risks and quirks of renting a stranger's home.

Oyo to invest Rs 1,400 crore in India and Nepal businesses

March 13, 2019 4:44 am

So far, Oyo has raised around $1.7 billion in funding, according to data from Crunchbase.

OYO appoints former IndiGo President Aditya Ghosh as CEO India & South Asia

November 15, 2018 5:09 pm

OYO currently has footprints in over 500 cities across India, China, Malaysia, Nepal, the UK, the UAE and Indonesia.

Oyo Hotels is raising $1 bn to fund its growth in China and other countries

September 25, 2018 12:57 pm

At a $5 billion valuation, Oyo would be India’s most-valuable startup after One97 Communications, the parent of digital payments pioneer Paytm.

OYO's going to launch in UK, aims to sign up 300 hotels across 10 cities

September 19, 2018 3:59 pm

Marking its first expansion outside of Asia, OYO has said it will be entering 10 cities in the UK.

SoftBank, others invest $250 million in OYO

September 08, 2017 1:34 am

Hotel aggregator OYO Rooms on Thursday said that it has raised its largest ever funding round of $250 million (Rs1,600 crore) through Series D led by Japanese internet and telecom conglomerate SoftBank and Sunil Kant Munjal-led Hero Enterprise