Tag: OYO
15 Results
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IPO-bound OYO’s EBITDA rises 8 times, loss reduced by 20 per cent
As part of its commitment to update its Draft Red Herring Prospectus with the financial performance till the first half of financial 2022-23, the global travel tech company OYO shared its financials with markets regulator SEBI today.
November 26, 2022 -
OYO’s Q2 profitability to get impacted due to slower budget travel recovery
IPO-bound hospitality tech player OYO has surprised industry observers by posting a positive EBITDA of Rs 10 crore in the first quarter of FY23 -- against the backdrop of a Rs 472 crore EBITDA loss in FY22.
November 22, 2022 -
OYO files addendum with SEBI for its public issue
This additional information is expected to help investors in taking better and well-informed decisions regarding its public issue. OYO has around 1.68 lakh storefronts across more than 35 countries that benefit from its platform.
September 19, 2022 -
OYO Group to promote rural home stay for tourists in J&K
With a market giant like OYO coming on board, we are making in-roads to encourage micro-entrepreneurs in the villages and revitalizing local art & crafts and redevelopment of rural areas added the Lt Governor.
February 11, 2022 -
Microsoft invests $5 mn in OYO
OYO is the first Indian startup to be publicly rated by Moody's and Fitch, two of the leading international rating agencies.
August 20, 2021 -
Microsoft in advanced talks to invest in OYO: Report
A company statement had said that the offer was oversubscribed by 1.7 times
July 30, 2021 -
OYO raises Rs 54 crore in series F1 funding from Hindustan Media Ventures
Hindustan Media Ventures is promoted by HT Media Ltd which hold 74.4 per cent stake in the company.
January 7, 2021 -
OYO ties up with states for quarantine facilities
In a statement, OYO said that it is in touch with over 50 government and private hospitals to provide accommodation support to medical first responders at affordable rates.
August 12, 2020 -
SoftBank’s Oyo workers furloughed with limited benefits; Company cuts pay of all employees by 25%
OYO is taking all necessary actions to mitigate COVID-19's impact and ensure long-term success and sustenance.
April 22, 2020 -
SoftBank-controlled Yahoo Japan exits Oyo’s Japan apartment venture: Report
Yahoo Japan’s exit comes at a time when the company is facing worst of its times with widening loss in India for Oyo.
December 19, 2019 -
OYO launches co-working arm, eyes 50 centres by year-end
Led by Rohit Kapoor, CEO, New Real Estate Businesses, OYO Workspaces is a workspaces solutions provider, designed to meet the needs of over 80 per cent of the working population in the country.
July 16, 2019 -
OYO Townhouse targets millennial travellers
Specifically designed for millennials, these townhouses flaunt minimalist designs with a signature colour combination of red and grey
April 26, 2019 -
OYO says FHRAI recommendations based on incorrect allegations
The room aggregator said that the apex body of the Indian hospitality industry appears to have been misled by claims of certain bodies.
December 12, 2018 -
FHRAI warns OYO of nationwide protests over large-scale breach of contracts
In a letter dated 10 December, FHRAI has pointed out to OYO that it is endorsing illegal and unlicensed Bed & Breakfast apartments, flats in residential and commercial buildings, rooms in chawls and such other independent structures as Hotels.
December 10, 2018 -
OYO gets $250 mn finance led by SoftBank Vision Fund
Hotel room aggregator OYO has raised $250 million (Rs 1,600 crore) in a Series D financing round led by SoftBank through SoftBank Vision Fund, a company statement said here on Thursday. The existing investors Sequoia India, Lightspeed Venture Partners and Greenoaks Capital also participated. Hero Enterprise has also joined the round as a new investor. …
Continue reading "OYO gets $250 mn finance led by SoftBank Vision Fund"
September 7, 2017