Oyo App

Oyo expects its revenue in FY23 to grow by 19 percent to over Rs 5,700 crore, Founder and CEO Ritesh Agarwal said to employees at a town hall on Monday. The company's sustained growth in India, Indonesia, the US and the UK and optimisation and synergies in its European business led to better financials Agarwal is said to have told employees of the ...

The Competition Commission of India (CCI) on Wednesday slapped penalties totalling more than Rs. 392 crore on online travel firms MakeMyTrip, Goibibo and hospitality services provider Oyo for unfair business practices. A fine of Rs. 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs. 168.88 crore on Oyo, according to a 131-page o...

Domestic tech firms like Paytm, Ola, Make My Trip, Zomato, Swiggy, Flipkart and Oyo attended a meeting with a parliamentary panel on Thursday. Top executives from these firms deposed that they were facing unfair competition from big tech firms. Paytm founder Vijay Shekhar Sharma, Ola CFO Arun Kumar, Make My Trip Chairman and Chief Mentor Deep Kalra...

Travel and hospitality technology platform Oyo said to have concluded the acquisition of Europe-based company Direct Booker with the transaction valuing the latter at around $5.5 million (roughly Rs. 40 crore). Direct Booker reportedly has over 3,200 homes and serviced 20 lakh customers so far.

Oyo said it will offer free accommodation to refugees fleeing Ukraine.

''58 per cent bookings for the New Year's eve were made on the same day keeping the trend witnessed since December 2017 that reflected the "impulsive emotion and decision" related with travel,'' said OYO CEO Ritesh Agarwal.

In an interview with Gadgets 360, Shekhar Datta, COO of Weddingz talks about the company’s investment in tech, venue onboarding acceleration during the pandemic, and helping small businesses gain leads. Datta says that the traffic on the platform is back to its pre-pandemic peak, and is even ‘more on some days’.

Oyo is expected to file for an initial public offering (IPO) next week to raise around $1 billion (roughly Rs 7,380 crores), as per a source.

Microsoft has invested $5 million (roughly Rs. 37.15 crores) in hotel aggregator Oyo, which is backed by Softbank, according to a regulatory filing, ahead of the Indian hotel chain's plan to go public.

Microsoft is in advanced talks to invest in Indian hotel chain Oyo at a $9-billion (roughly Rs. 66,850 crores) valuation, a source familiar with the matter said.

Zomato surged 65.8 precent in its stock market debut on Friday, giving the startup a valuation of Rs. 98,849 crores and setting the stage for other domestic startups that are waiting in the wings with listing plans of their own.

Zomato said it would price its Rs. 9,375-crore IPO at Rs. 72–Rs. 76 per share, with the IPO set to open for subscription from July 14 to 16.

Oyo Hotels & Homes is extending furloughs for some Indian employees by six months, it said on Friday, as an unabated rise in domestic coronavirus cases curbs travel and hits hotel revenues.

India's Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.

Softbank Group-backed Oyo Hotels and Homes has cut the salaries of all employees by 25 percent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.

Oyo expects its revenue in FY23 to grow by 19 percent to over Rs 5,700 crore, Founder and CEO Ritesh Agarwal said to employees at a town hall on Monday. The company's sustained growth in India, Indonesia, the US and the UK and optimisation and synergies in its European business led to better financials Agarwal is said to have told employees of the ...

The Competition Commission of India (CCI) on Wednesday slapped penalties totalling more than Rs. 392 crore on online travel firms MakeMyTrip, Goibibo and hospitality services provider Oyo for unfair business practices. A fine of Rs. 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs. 168.88 crore on Oyo, according to a 131-page o...

Domestic tech firms like Paytm, Ola, Make My Trip, Zomato, Swiggy, Flipkart and Oyo attended a meeting with a parliamentary panel on Thursday. Top executives from these firms deposed that they were facing unfair competition from big tech firms. Paytm founder Vijay Shekhar Sharma, Ola CFO Arun Kumar, Make My Trip Chairman and Chief Mentor Deep Kalra...

Travel and hospitality technology platform Oyo said to have concluded the acquisition of Europe-based company Direct Booker with the transaction valuing the latter at around $5.5 million (roughly Rs. 40 crore). Direct Booker reportedly has over 3,200 homes and serviced 20 lakh customers so far.

Oyo said it will offer free accommodation to refugees fleeing Ukraine.

''58 per cent bookings for the New Year's eve were made on the same day keeping the trend witnessed since December 2017 that reflected the "impulsive emotion and decision" related with travel,'' said OYO CEO Ritesh Agarwal.

In an interview with Gadgets 360, Shekhar Datta, COO of Weddingz talks about the company’s investment in tech, venue onboarding acceleration during the pandemic, and helping small businesses gain leads. Datta says that the traffic on the platform is back to its pre-pandemic peak, and is even ‘more on some days’.

Oyo is expected to file for an initial public offering (IPO) next week to raise around $1 billion (roughly Rs 7,380 crores), as per a source.

Microsoft has invested $5 million (roughly Rs. 37.15 crores) in hotel aggregator Oyo, which is backed by Softbank, according to a regulatory filing, ahead of the Indian hotel chain's plan to go public.

Microsoft is in advanced talks to invest in Indian hotel chain Oyo at a $9-billion (roughly Rs. 66,850 crores) valuation, a source familiar with the matter said.

Zomato surged 65.8 precent in its stock market debut on Friday, giving the startup a valuation of Rs. 98,849 crores and setting the stage for other domestic startups that are waiting in the wings with listing plans of their own.

Zomato said it would price its Rs. 9,375-crore IPO at Rs. 72–Rs. 76 per share, with the IPO set to open for subscription from July 14 to 16.

Oyo Hotels & Homes is extending furloughs for some Indian employees by six months, it said on Friday, as an unabated rise in domestic coronavirus cases curbs travel and hits hotel revenues.

India's Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.

Softbank Group-backed Oyo Hotels and Homes has cut the salaries of all employees by 25 percent for four months starting April and also sent some of its people on leave with limited benefits, according to an internal memo seen by Reuters.