Oyo
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Oyo to resubmit IPO papers following $450 Million refinancing for Term Loan B
Oyo, a SoftBank-backed hospitality and travel-tech firm, is reportedly preparing to refile the draft papers for its much-anticipated initial public offering (IPO) as the...
Oyo Hotels plans $450 Million bond sale for refinancing
Oyo Hotels is looking to secure up to $450 million through dollar bonds as it aims to replace an existing high-cost loan amid delays...
JP Morgan extends INR 200 Crore credit facility to fuel Oyo’s expansion
According to a report by ET, JP Morgan has extended a credit facility of INR 200 crore to Oyo. Sources familiar with the matter...
OYO’s parent company Oravel Stays to unveil 13 self-operated upscale hotels under ‘Palette’ brand by year-end
Oravel Stays, the parent company of hospitality giant OYO, aims to unveil 13 self-operated hotels under its upscale brand 'Palette' by year-end.Following a model...
Oyo launches Wizard Shark loyalty program following Ritesh Agarwal’s Shark Tank appearance
On Wednesday, Oyo announced the introduction of Wizard Shark, a novel 'limited-edition' loyalty program. This initiative comes on the heels of its founder and...
OYO ventures into sports hospitality business, shortlists 100 hotels across 12 cities
Hospitality and travel-tech firm OYO on Thursday announced its foray into sports hospitality business shortlisting 100 hotels across 12 key cities, including Delhi, Chennai,...
OYO executives hold talks with SEBI to expedite IPO approval process
According to reports, the lead bankers and senior executives of hospitality unicorn OYO have met with officials from the Securities and Exchange Board of...
IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr
OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...
Oyo boosts hospitality in Ayodhya with inauguration of 65 hotels and homestays ahead of Ram Temple consecration
Days ahead of the consecration of the Ram Temple, Oyo, a budget hospitality chain, announced on Wednesday the inauguration of 65 hotels and homestays...
Oyo to open 400 properties in major spiritual hotspots amidst growing demand for spiritual tourism
Oyo, the budget hospitality chain, announced on Monday its ambitious plan to unveil 400 new properties in major spiritual hotspots across the country. This...
OYO collaborates with Khelo India and others to support differently-abled talent across the country
OYO has collaborated with Khelo India Para Games, Divyang Kala Mela, Wheeling Happiness Foundation, and other organizations to offer specialized and accessible accommodation for...
OYO appoints Rakesh Kumar as new CFO, charts aggressive strategy for 2024
OYO, the hospitality technology platform, announced on Tuesday the promotion of Rakesh Kumar to the position of Chief Financial Officer (CFO), effective January 1,...