OYO

SoftBank Group Corp. founder Masayoshi Son will join India’s prime minister and Asia’s richest man Mukesh Ambani at the wedding of Oyo founder Ritesh Agarwal next week, a rare social outing for a billionaire whose ties to the country run…

Hospitality chain Oyo announced on Tuesday that it plans to double the number of premium hotels in India in 2023. The company said it plans to support the 'surge' in business travel by increasing its footprints across all the major business…

Oyo founder Ritesh Agarwal announced a new feature on Valentine's day to encourage customers to share their 'unbridled and honest' feedback, complaints, criticism and suggestions. "Listen. We need to talk. Because love is all about having…

Last year, Dealshare expanded to 150 cities and towns across India as it chased growth above all else. Now, the company has laid off 100 employees and shut down operations in many places as it pivots from growth to profitability amid the…

Oyo’s adjusted Ebitda for the second half of financial year 2022-2023 is expected to rise to Rs 185 crore, potentially marking the company’s first full financial year of adjusted Ebitda profitability, the company told employees in a recent…

With SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitious garages, the startup has admitted to making what its founder Amit Bhasin called “grave mistakes”.…

Oravel Stays, that operates hospitality chain Oyo, is planning to refile its public listing application of the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) by the middle of February this year, a…

Hospitality chain Oyo said on Thursday that it has written a letter to the National Company Law Tribunal (NCLT) and has requested the tribunal to expedite the Ministry of Corporate Affairs' (MCA) investigation on the running of Federation…

Travel tech firm Oyo witnessed a record 4.5 lakh-plus bookings on New Year's eve, its highest bookings per hotel per day for India in the last five years, founder and group CEO Ritesh Agarwal said. In a series of tweets, Agarwal spoke…

Hospitality chain Oyo’s initial public offering (IPO) is likely to be delayed by three months as India’s capital markets regulator has asked the Ritesh Agarwal-promoted startup to update its draft IPO papers, people familiar with the matter…