Ritesh Agarwal now Officially Owns 30% Stake in OYO Rooms

Ritesh Agarwal now enjoys unprecedented control over OYO Hotels and Homes – a company that he founded way back in 2013. The Gurgaon based company has officially undergone major changes in the ownership pattern with Agarwal now owning 30% stake in the company. Image Source: Ritesh Agarwal's official Twitter handle The official changes in Oyo’s ownership pattern…

ByGirish ShettiSeptember 17, 20190Comments

Funding News

Cayman Islands Entity will Pump Fresh Capital in Oyo Rooms

RA Hospitality, a hospitality firm based in the Cayman Islands, will pump fresh capital in Oyo Hotels & Homes, according to paper.vc that claims to have accessed notification issued by the competition commission of India. Incidentally, RA Hospitality is reportedly owned by Oyo’s founder & Group CEO Ritesh Agarwal. Oyo Rooms to get fresh funds from…

ByGirish ShettiJuly 17, 20190Comments

Funding News

Oyo Plans Fresh funding at Eye-Popping $10 Bn Valuation: Report

Budget hotel major Oyo Hotels & Homes has initiated talks with several investors to raise nearly $1 Bn, according to report published in economic time (ET). ET report claims that the talks are still in initial stage and may gather pace in the next quarter. Quoting an unidentified source, report added that the Gurugram headquartered…

ByGirish ShettiJune 11, 20190Comments

Funding News

Airbnb makes investment debut in India by investing $75 Mn in Oyo

US home-sharing giant Airbnb has invested $75 million (Rs 516 crore) in India’s biggest hospitality firm Oyo, according to regulatory filings accessed by paper.vc. The funding round marks Airbnb’s first major investment in India’s burgeoning startup ecosystem. The investment also marks the end of Oyo’s series-E $1.1-billion round. Airbnb has invested $75 million (Rs 516 crore)…

ByGirish ShettiApril 12, 20190Comments

Funding News

Didi Chuxing books ride with Oyo with $100 Mn Funding

Oyo has officially closed the $1 Bn funding round that began few months back after Softbank and Grab together pumped $900 Mn. This after India’s largest hospitality company raised $100 Mn from Chinese ride-hailing giant Didi Chuxing. Didi Chuxing infuses $100 Mn in Oyo According to Economic Times (ET), Didi has invested in Oyo through its subsidiary…

ByGirish ShettiFebruary 14, 20190Comments

Picture of Ritesh Agarwal, Founder of Oyo Rooms

Funding News

Oyo Rooms may get $100 Mn ride from Singapore’s Grab

It seems to be raining funds for budget hotel startup Oyo Rooms. After having recently raised $800 Mn from SoftBank & other investors, the Gurgaon based startup is now said to be in talks with Singapore headquartered cab hailing major Grab for more investment. According to Economic times, Oyo is in advanced talks for $100…

ByGirish ShettiDecember 3, 20180Comments

News

Oyo Rooms is on the cusp of becoming a $4 Bn company: Report

India’s largest budget hotel company Oyo Rooms seems to be in all hurry to make merry when the sun is shining bright. This probably explains the reasons behind latest reports that Oyo is currently in advanced talks to raise up to $1 billion in a new fundraising round. While this is news in itself, but…

ByGirish ShettiAugust 16, 20180Comments

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