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Thursday, August 13, 2020



Softbank-backed OYO to cut pay of all employees in India

April 22, 2020 1:41 pm

“Our company is taking a difficult but necessary step for India, whereby we are asking all OYOprenuers to accept a reduction in their fixed compensation by 25%,” the company's chief said.

OYO net loss widens to $335 million in 2018-19

February 17, 2020 5:53 pm

The company had reported a net loss of USD 52 million (over Rs 370 crore) for the previous financial year, OYO said in a statement.

At SoftBank’s prized India investment Oyo: A ‘toxic’ culture and troubling incidents

January 05, 2020 11:05 am

Oyo offers rooms from unavailable hotels, such as those that have left its service, according to the company’s chief executive and nine of the current and former employees.

Gurgaon: Woman found dead in OYO room, murder case registered

January 01, 2020 1:55 am

Police said the woman hailed from Bhiwani and was staying at a paying guest accommodation in Gurgaon.

CCI orders probe against MakeMyTrip-Ibibo and OYO

October 30, 2019 4:37 am

The CCI said that there is a prima facie case for investigation against MMT-Go and OYO for alleged violation of the provisions of Section 3(4) of the Act, which deals with anti-competitive agreements.

15-year-old electrocuted: From a young age, he wanted to be a shooter, says father

October 15, 2019 3:58 am

At 6 am Sunday, hours before his death, Priyanshu had made an excited call to his father to tell him about new shoes he bought a day earlier.

OYO to raise USD 1.5 billion in latest round of funding

October 07, 2019 1:57 pm

A significant part of the funds will be diverted towards continued growth in OYO's fastest-growing market - the United States, and in strengthening the company's position in the vacation rentals business in Europe, it added.

Campuses run out of hostel space, private firms step in

September 27, 2019 6:57 am

Softbank-backed Oyo Hotels and Homes, through its managed housing brand Oyo Life, announced Thursday a tie-up with IIT-Delhi to provide off-campus accommodation and another deal with the private Plaksha University

OYO to buy vacation rental firm @Leisure Group for €369 million

May 02, 2019 1:01 am

Launched in 2017, OYO Home has over 15,000 villas and apartment units globally.

OYO raises funds from Airbnb; plans a firm footing in overseas markets

April 02, 2019 3:24 am

The funding, raised by Softbank-backed OYO, comes close on the heels of OYO announcing an investment of Rs 1,400 crore in India and Nepal in 2019.