Oyo to double properties for Char Dham Yatra this year

May 5, 2023

Hospitality chain Oyo blazoned on Thursday that it’ll double the number of properties available for the Char Dham Yatra 2023. The company said the new properties will be spread across crucial locales along the Yatra route to make it easier for pilgrims to find a’ comfortable’ and’ affordable’ place to

Oyo to bust planned IPO by about 2/3 amid tech headwinds

March 28, 2023

Oyo hospices is reducing the shares it aims to vend via a stock- request debut by about two- thirds, a trouble by its author to get the trade done indeed after tech valuations plunged. The formerly-high- flying company is preparing to file a fresh original public immolation document as soon

Oyo Reorganizes for Upcoming Initial Public Offering

February 27, 2023

hostel and hospitality chain Oyo has experienced an operation rejig as it prepares to re-file its draft red herring prospectus (DRHP) with the capital requests controller for its IPO, people apprehensive of the developments told FE. utmost of those who have been with the company for over six times, like

FHRAI says that OYO should not be allowed to launch its IPO

November 16, 2022

Federation of Hotel & Restaurant Associations of India on Tuesday said it has written to Sebi to stop OYO from launching its IPO in the wake of a penalty assessed by the Competition Commission of India on the hospitality and trip- tech establishment for illegal business practices. OYO, still, said

IPO-Bound OYO valuation drops in private request

October 6, 2022

Around two weeks after OYO refuted claims of SoftBank reportedly lowering its valuation, the IPO- bound company’s valuation in the private request has dropped to around $6.5 billion, news agency PTI reported citing assiduity players. On September 22, Bloomberg reported that Softbank — OYO’s largest investor — had lowered the

Oyo restate loses-files fresh IPO docs with SEBI

September 19, 2022

Hospitality establishment Oyo has reported profit from operations of Rs 1459.3 crore in first quarter of the fiscal time 2023 as per an addendum filed with Sebi. Its restated loss for the quarter from continuing operations was at Rs 414 crore, indeed as the company claimed it was its demoiselle

Oyo acquires Denmark based operator Bornholmske Feriehuse

August 10, 2022

Oyo aforesaid on Tuesday it’s finished the acquisition of Europe-based vacation homes operator Bornholmske Feriehuse through its subsidiary DanCenter. The move is an element of its endeavour to expand as a full-stack vacation homes supplier, it said. Bornholmske Feriehuse, primarily based out of Bornholm Island in Denmark, has quite 700

OYO to Target $9 Billion Valuation in IPO

January 18, 2022

Oyo Hotels is eyeing a valuation of about $9 billion (Rs 66,700 crore) in its initial public offering after preliminary conversations with potential investors.  The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year. The