Oyo Rooms
-
Ivanka lauds Indian hotel chain OYO for offering free stays to doctors in US amid COVID-19 crisis
Business | Mar 25, 2020, 09:40 AM ISTIvanka Trump, the senior advisor to President Donald Trump, has lauded an initiative by Ritesh Agarwal-founded Indian start-up OYO Hotels to offer free stays to doctors, nurses in the US helping in the fight against the novel coronavirus, describing the gesture as “impactful acts of benevolence”.
-
Probe order against Oyo, MakeMyTrip after allegations of unfair business practices
Business | Feb 25, 2020, 01:11 PM ISTThe Competition Commission of India (CCI) on Monday ordered a detailed investigation against MakeMyTrip and OYO for allegedly indulging in anti-competitive business practices. While ordering the probe, CCI also noted that a case against MMT and OYO for entering into a vertical arrangement having an appreciable adverse effect on competition (AAEC) in the market is also "prima facie" made out.
-
OYO net loss widens USD 335 million in 2018-19
Business | Feb 17, 2020, 05:42 PM ISTHospitality firm OYO Hotels & Homes on Monday reported widening of its consolidated net loss to USD 335 million (over Rs 2,390 crore) for the financial year ended March 2019, mainly on account of international expansion during the period.
-
Housing.com enters co-living listing biz; partners OYO, Zolo
Business | Jan 20, 2020, 04:04 PM ISTHousing.com, part of Singapore-based Elara Technologies that also owns PropTiger.com and Makaan, also released a report on co-living which highlighted that the market size of this segment is estimated to double at Rs 2 lakh crore by 2023.
-
Oyo fires 1,800 employees in India, China; plans to shed more
Business | Jan 13, 2020, 05:43 PM ISTOYO Hotels is laying off thousands of employees in India and China after Japanese giant SoftBank tightened its noose around it. Ritesh Agarwal-led Indian hospitality unicorn Oyo is currently the second top unicorn after Paytm and valued at nearly $10 billion in the country.
-
IT officials search OYO headquarters in Gurugram; company calls it routine TDS survey
Business | Jan 11, 2020, 11:03 AM ISTIncome Tax officials carried out a search at OYO headquarter in Gurugram on Thursday. OYO has claimed that it was a routine TDS survey. Hospitality major's office in sector 69 Gurugram was searched by the officials in the first half of Thursday.
-
Oyo handing pink slip to thousands across India and China citing non-performance
Business | Jan 10, 2020, 06:28 PM ISTOyo Hotels is firing hundreds of employees across India for non-performance, a report in Bloomberg said. The report also said that thousands of employees across China and India will lose jobs in as pressure mounts on one of world's most successful start-up stories.
-
Woman checks into OYO hotel to celebrate friend's birthday; Killed during drunk fight
India | Nov 13, 2019, 03:56 PM ISTWhile they were drinking alcohol, a quarrel ensued between them over a petty issue on Monday night following which he hit the woman on her throat and she lost consciousness, said Gaurav Sharma, Deputy Commissioner of Police (Outer North).
-
OYO to expand footprint in Bihar, create 700 new jobs
Business | Oct 25, 2019, 04:51 PM IST"We have all the 6 brands from the OYO portfolio in Bihar currently - OYO Rooms, OYO Townhouse, SilverKey, Collection O, Capital O, Palette Resorts. In the coming year, we aim to strengthen these partnerships and support the states vision while continuously creating and delivering outstanding opportunities for business growth, fostering all- round socio-economic development for the State and its people", he added.
-
In Delhi for shooting competition, boy gets electrocuted at OYO hotel
India | Oct 15, 2019, 11:22 AM ISTOn the day of the incident, the boy was taking bath and suddenly his roommate heard a shout. He and the hotel staff entered the bathroom from the ventilation window, as the door was locked from inside, and they found the victim unconscious.
-
OYO to raise USD 1.5 bn in latest round of funding
Business | Oct 07, 2019, 01:55 PM ISTAs part of a Series-F funding, RA Hospitality Holdings will infuse approximately USD 700 million as primary capital in the company.
-
DMC issues notice to OYO after its affiliated hotel 'denies' room to Kashmiri youth
India | Aug 21, 2019, 11:32 PM ISTIn an official statement, the government minority body said, "This is a serious offence of discrimination against a lawful customer."According to media reports, an OYO-affiliated hotel in Jasola Vihar allegedly denied room to a Kashmiri youth over his identity, the statement said.
-
OYO founder Ritesh Agarwal to buy back shares from early investors for USD 2 billion
India | Jul 19, 2019, 05:27 PM ISTHospitality firm OYO on Friday said its founder Ritesh Agarwal has signed a deal to buy back shares worth USD 2 billion (nearly Rs 13,770 crore) from early investors through his Cayman islands-registered entity, RA Hospitality Holdings, to almost triple his stake in the company.
-
OYO forays into Vietnam
World | Jul 02, 2019, 07:03 PM ISTThe company will invest USD 50 million over the next few years in Vietnam and create 1,500 direct and indirect jobs in the country, OYO said in a statement.
-
Ola, Oyo on UK-India Awards 2019 shortlist
Business | Jun 01, 2019, 04:52 PM ISTIndian start-ups like Ola and Oyo, which have been on an expansion mode in the UK, are among some of the key names on the shortlist for the UK-India Awards this year.
-
OYO to expand 'SilverKey' hotels to 19 cities in 2019
Business | Apr 02, 2019, 06:31 PM ISTThe company has identified corporate travel segment as a key engine of growth for the year and has stepped up engagement in this segment.
-
OYO to invest Rs 1,400 crore in India, South Asia region
Business | Mar 13, 2019, 09:54 AM ISTThe idea is to further deepen and widen presence across the home country while focusing on aggressive capacity building, the company said.
-
Micromax partners with OYO for smarter hotel booking
Dec 01, 2016, 10:45 PM ISTIndian consumer Electronics Company on Thursday announced a partnership with hotel brand OYO to provide customers of its devices a 'seamless booking experience' as well as exclusive deals. Micromax users will be able to avail
-
Oyo’s ‘relationship mode’: Now unmarried couples can book private rooms
Aug 27, 2016, 10:58 AM ISTOyo Rooms, the hotel aggregator, is coming up with their new ‘relationship mode’ that allows unmarried couples to book rooms in some of their properties.
-
Oyo Rooms receives Rs 400 cr funding from SoftBank, another Rs 200 crore on cards
Aug 16, 2016, 04:25 PM ISTHotel aggregator giant Oyo Rooms is soon to close the $90-million (Rs 600 crore) financing round by Japanese conglomerate SoftBank Corp. Ritesh Agarwal-led company has already received $61 million (Rs 407 crore) and is