Page 11 - Oyo

OYO forms JV with Yahoo to foray into housing rental market in Japan

The firm has planned major expansion in Southeast Asia and China and is planning to invest more than $100 million in Indonesia

OYO net loss marginally widens to Rs 360 crore in FY18; revenue rises

OYO reported an operating revenue of Rs 416 crore for the fiscal year 2018, compared to Rs 120 crore reported for 2016-17 financial year

OYO forays into 7th foreign market with $50-million play in Philippines

From 21 hotels and 500 rooms currently, OYO aims to grow to 20,000 rooms in 10 cities by 2020 in Philippines

OYO now plans big play in Indonesia, lines up $100-million investment

Within 3 months of its foray into Indonesia, the company has launched the first phase of expansion in 16 cities and has already witnessed a 5x growth

OYO to add up to 500 Townhouse hotels from current 68 across India in 2019

OYO has presence in over 500 cities across India, China, Malaysia, Nepal, the UK, the UAE and Indonesia

OYO in talks to acquire nearest rival Treebo Hotels in budget hotel sector

Headquartered in Bengaluru, Treebo operates about 10,000 rooms across 400 properties in the country

OYO enters Sri Lanka, expands presence in South Asian market

The move comes barely few weeks post the announcement of appointment of Aditya Ghosh as OYO's CEO for India and South Asia

Ritesh Agarwal aims to make Oyo the world's largest hotel chain by 2023

Oyo, which began with one hotel in Gurgaon in 2013, has grown to over 330,000 rooms in 500 cities globally

Singapore's cab-hailing firm Grab, in talks to invest Rs 100 million in Oyo

Grab is expected to close the deal in the next few days

Oyo to double hotel count in Odisha 2019 end, aims to create 6,000 jobs

Currently, Oyo Hotels has a strong presence in Odisha, especially in cities, including Bhubaneswar, Puri, Cuttack, Rourkela and Jharsugda

OYO to invest $1.2 bn for expansion, bulk of spending to be in India, China

OYO says it is adding 60,000 rooms every month to its network

OYO checks into UAE, targets 12,000 rooms across 7 Emirates in two years

Firm has made 1,100 rooms operational in three of the seven Emirates including Dubai, Sharjah

Ritesh Agarwal: The 24-year-old who built $5 bn hotel startup OYO in 5 yrs

Ritesh Agarwal's solution is a booking app that promises truth in advertising and branded hotels that don't deliver unpleasant surprises

OYO raises $1 bn from investors led by Softbank; firm now valued at $5 bn

This e-series funding round makes OYO the most valued hospitality company in the country, ahead of Tata Group's Indian Hotels Company and EIH

OYO to enter UK with $53 mn investment, sign up 300 hotels by 2019 end

OYO is entering Britain's economy hotel segment, which is led by Whitbread's Premier Inn chain

Budget hospitality start-up OYO is replicating its India strategy in China

In less than nine months of launch, OYO has managed to become a leading budget hotel brand in that country with about 50,000 rooms spread over 1,000 hotels in China

OYO acquires banquet company Weddingz.in, steps up to expand in real estate

With more than 10 million marriages in India held annually, the segment holds immense potential for innovation, improvement and standardisation of processes

Soon-to-become Unicorns: OYO inches closer to $1-billion valuation mark

In the second part of a series on soon-to-become Unicorns, we take a look at OYO's business model

SoftBank-backed OYO now 100,000 rooms brand, eyes another 100,000 by Mar 1

OYO's rapid expansion was a well planned strategy but not without challenges

OYO enters Chinese market as part of its overseas expansion plans

China is the company's third overseas market, after its successful venture into Malaysia and Nepal, where it has grown multi-fold, OYO said in a statement.