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Latest Articles in oyo rooms

SoftBank-backed Oyo To File For $1.2 bn IPO Next Week: Source

The hotel aggregator is looking to list in India’s financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, the source said, adding it will consist of a fresh issue of shares and an offer for sale from existing shareholders.

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Microsoft Corporation Invests $5 Mn In OYO

Under the deal, OYO will issue 5 equity shares of the face value of Rs 10 each for cash at an issue price of India rupee equivalent of USD 58,490 per equity share.

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Microsoft In Talks To Buy Stake In OYO: Sources

The transaction is likely to be completed before the proposed initial public offering (IPO) planned by OYO, for which no definitive timeline has been given.

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Oyo Raises Rs 54 Crore From Hindustan Media Ventures

Hindustan Media Ventures is 74.4 per cent owned by HT Media Ltd that publishes newspapers, including the Hindustan Times.

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Future World Would Need Chief Evolving Officers or Chief Clarity Officers

In a Webinar on the topic of “How the Parameters of Leadership and the Role of CEO would change in the future world of uncertainties’ organized on May 29 by BW Businessworld, Dr. Annurag Batra, Chairman and Editor-in-Chief, BW Businessworld engages with Sohinder Gill, CEO, Hero Electric, Rohit Kapoor, CEO, India & South Asia, OYO, and Anshu Budhraja, CEO, Amway India on various aspects of leadership amidst pandemic and beyond.

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OYO Partners with Apollo Hospitals to offer Support for Quarantine Facilities

OYO collaborates with Apollo Hospitals in the fight against Covid-19 to develop isolation rooms in OYO hotels, under medical supervision in 6 cities as part of Apollo’s Project Stay I (Stay Isolated).

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OYO Says Annual Loss Grew Over Six-Fold On China Expansion

SoftBank Group was almost wiped out as it faced losses at its $100 billion Vision Fund, its results last week showed, which came months after its bailout of loss-making startup WeWork.

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OYO India Hosts 6.5 Million Guests In January

The company continues to deliver on its promise of doubling down efforts in providing enhanced customer experience as part of its 2020 priorities.

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Bill Gates Is Someone I Am Inspired By: Ritesh Agarwal, Founder and CEO, OYO Rooms

In a free-wheeling interview with Annurag Batra, Chairman and Editor-in-Chief, BW Businessworld, Ritesh Agarwal, Founder and CEO, OYO Rooms talks about the future of OYO Rooms, his perception of being an Indian and more.

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Playing the Long Game

India’s home-grown budget hotel chain OYO has entered 2020 with over a million rooms under its belt and a new determination to take brand OYO to greater heights

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Shaken, Stirred But Still Stable

In this issue, we attempt an insight into the OYO story and the outlook for the company in 2020.

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Tax Officials Conduct Surprise Search At Softbank-Backed Oyo

In November, internal projections showed Oyo’s India business will likely make losses until 2021.

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OYO Elevates Aditya Ghosh To The Board

In his new role at the board, Aditya will provide the strength of governance and leadership that scales sustainably on the path to profitability with higher expectations from consumers, asset owners, investors and employees.

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An Ode To The Millennials

The writing on the wall (FB wall that is) is very clear. Shape up or ship out. Welcome to a brave new world.

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Oyo Appoints Mandar Vaidya As CEO For Southeast Asia And The Middle East

This appointment comes as a part of the company’s efforts to continue to invest in and attract world-class leadership, as part of its ongoing focus to drive accelerated growth in two of its high potential markets - Southeast Asia and the Middle East.

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