OYO
Stay updated with the latest news and articles about OYO.
Latest Articles
Oyo Rooms founder Ritesh Agarwal mourns father’s death with heartfelt statement
This is barely a few days after Ritesh Agarwal's wedding.
OYO to fire 600 tech employees while hiring 250 people for sales
According to Oyo, the new hires would aid in expanding the number of lodging establishments and residences available on its platform. It also promised to support "as many employees as it can" with outplacement and maintain their medical insurance coverage for another three months.
OYO intends to go public after September, but may accept a lower valuation
OYO's decision to hold the IPO after the September quarter is primarily motivated by the anticipation of improved financial performance and the market's present volatility.
OYO considering for 50% smaller IPO: Report
Oyo filed preliminary documents in September, with the goal of going public in early 2022.
Delhi HC barred Zostel’s plea to take up 7% in Oyo
The Delhi High Court outrightly refused Zostel's plea to take up 7% ownership in Oyo, much ahead of Oyo's IPO.
OYO to target $9 billion valuation in IPO: Report
In January 2022, more than 500 current and former employees of OYO, bought over 3 crore shares in the company. The total value of these shares can be approximated to about INR 330 crores, as per the last valuation of OYO of $9.6 bn.
Hotel booking startup OYO files for IPO to raise $1.2 billion
Among the Indian Unicorns Oyo is the 2nd startup to file for an initial public offering after Zomato.
OYO planning to hire over 300 tech professionals in next six months
Over the past year and a half, we’ve been doubling down on our technology and pioneered several industry-first innovations to enhance customer experiences and maximise revenues for SMEs of hotels and homes.
Microsoft is likely to invest in OYO; expects valuation at $9 billion
Microsoft is about to be the reason behind OYO's rebirth as an influential startup after digesting the losses during the lockdown. In the coming weeks, exact details about investments will be disclosed by both parties.
OYO files for bankruptcy?- Check full details here!
A notice in PDF format is also being circulated everywhere on the Social Media, which the company's founder and CEO Ritesh Agarwal called untrue.
Oyo Hotels fires employees post COVID-19 economic meltdown
Recently, two months after hospitality king Oyo aka Oravel Stays Pvt Ltd fired staff.In order to save cash, the company has now informed employees in the US. A large number of them will have to be eliminated from the firm.
Showing 15 of 504,126 articles