Page 5 - Oyo

OYO announces hiring 2 senior leaders for engineering and data science

Nirdosh Chouhan appointed Senior Vice President of Engineering; Kranthi Adusumilli will be the company's Senior Principal Data Scientist

I believe in India's future, will support with investments: Masayoshi Son

His firm SoftBank is the biggest foreign investor in India today and has funded 10% of all unicorns

OYO appoints former SBI chairman Rajnish Kumar strategic group advisor

Kumar, who retired as SBI chairman in October 2020, is currently on the boards of HSBC Asia Pacific, L&T infotech, Hero Motocorp and BharatPe

Skies darken for IPOs planned by Mobikwik, OYO after Paytm's dismal debut

It will take three to four months for people to forget Paytm and that it destroyed wealth, says a founder of a brokerage house in Mumbai

How OYO's pivot to revenue share helped it survive the Covid-19 pandemic

In spite of suffering setbacks in some markets like China and Japan, OYO has been successful in growing its business to more than 157,000 hotels and homestays

Oyo denies all charges by Zostel about failed buyout deal in letter

Says both parties mutually agreed to terminate the deal

OYO appoints Paralympian Deepa Malik as independent director

Malik was a silver-medalist at the 2016 Paralympic Games

IPOs: From Paytm to Oyo, complaints are holding up key clearances

Will delays in approval to Paytm, Oyo IPOs slam the brakes on India's record run? What are the issues? And what's the standard time taken for an IPO clearance? Let us take a look in this report

Zostel asks Sebi to reject and suspend Oyo's $1.2-billion IPO

The move can potentially lengthen Sebi's clearance process

Four reasons why global brokerage Bernstein is bullish on IPO-bound Oyo

In the note Bernstein highlights structural drivers for the company

Zostel seeking an injunction to restrain OYO, hearing tomorrow

In 2015, Oyo Hotels & Homes signed for Oyo's acquisition of Zostel. The deal fell through, but Zostel is arguing that it still deserves about 7 per cent in Oyo parent

OYO founder Ritesh Agarwal's salary rose eight fold in FY21: DRHP

He earned Rs 1.62 crore that year, against Rs 21.5 lakh in the previous financial year

Oyo files DRHP for $1.2 bn IPO; founder, key investors not diluting stake

In the DRHP, the firm says its app has been downloaded 100 million times and its major focus geographies are India, Malaysia, Indonesia and Europe

Zostel vs Oyo: Delhi High Court to hear case on October 7

Zostel is a backpacker hostels chain which has been embroiled in a legal battle with OYO for the last three years after merger talks broke down

Oyo to file for $1.2 bn IPO next week, sees recovery after pandemic: report

Startup has endured months of layoffs, cost-cuts and losses during the coronavirus outbreak.

Ahead of IPO, Oyo expands share capital through stock split, bonus issue

The Softbank-backed travel technology firm is expected to file its DRHP with Sebi in the next few months

Siliguri-based hotelier moves SC against Oyo for unfair practices

In July, the NCLAT closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties

Microsoft, OYO in alliance to co-develop travel, hospitality products

Microsoft and hospitality firm OYO have entered a multi-year strategic alliance to co-develop next-gen travel and hospitality products and technologies, the companies said on Thursday. "OYO will adopt Microsoft Azure as a key enabler to drive cloud-based innovations and reimagine the hospitality and travel tech industry. The solutions will be geared to benefit patrons who operate the small and medium hotel and home storefronts," the companies said in a joint statement. Microsoft has also made a strategic equity investment in OYO, it added. Earlier in August, in an RoC filing, OYO had said that Microsoft Corporation has invested nearly USD 5 million (about Rs 37 crore) in OYO through the issuance of equity shares and compulsory convertible cumulative preference shares on a private placement basis. "We are excited to join hands with Microsoft in our constant endeavor to improve business opportunities for the small and independent hotel and homeowners, and to redefine experiences for

Oyo in talks with investment banks for managing its $1.5-bn IPO: Sources

SoftBank-backed Oyo is eyeing valuation range of $14 bn-$16 bn, say sources close to the development

Oyo launches self-onboarding tool for hotels to list in 30 minutes

Current onboarding time is 15 days. Oyo 360 tool provides a two-click platform for enrolment on its platform and offers three benefits of growth, partnership, and network