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

News

Ritesh Agarwal Planning Share Buyback to Counter SoftBank’s Boardroom Influence

Ritesh Agarwal, founder & CEO of Oyo Hotels & Home, is staging a comeback plan that is likely to overhaul the ownership pattern in the Gurugram based startup. The 26 year old founder is planning to start a share buyback process in order to consolidate his ownership in the company, according to media reports. Oyo's founder…

ByGirish ShettiJuly 8, 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

Acquisitions

Oyo Enters Co-working Industry with Innov8 Acquisition: Report

Oyo Rooms has acquired Gurugram based co-working startup Innov8 in all cash deal worth about INR 220 Cr, according to sources familiar with the matter. Oyo and Innov8 have still not confirmed the news at the time of filing the story. As and when confirmation comes, it will mark Oyo’s entry into the co-working industry.…

ByGirish ShettiMarch 15, 20190Comments

Acquisitions

Oyo Rooms may Foray into Co-working Space with Innov8 Acquisition

India’s largest hospitality company Oyo Rooms is planning to break into unfamiliar territory of co-working space. A report published in the Economic Times (ET) claims that Oyo is in early stage discussion to acquire co-working space company Innov8 for nearly Rs 200 crore. The Gurgaon based company’s decision to enter into the co-working space is…

ByGirish ShettiJanuary 31, 20190Comments

Acquisitions

Oyo Rooms is planning to Acquire Smaller Rival Treebo Hotels: Report

India’s largest budget hotel brand Oyo Rooms is mulling to acquire Treebo Hotels, Business Standard claims after citing an unknown source familiar with the matter. Mails sent to Oyo Rooms and Treebo Hotels did not elicit any response. If this acquisition does happen then it will go down as one of the biggest acquisitions in the budget…

ByGirish ShettiDecember 22, 20180Comments

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

Aditya Ghosh: The man who said No to ‘Tatas’ for ‘Oyo Rooms’

Aditya Ghosh is no stranger to taking risky decisions and big bets. After all, it was his unflinching penchant for taking risky decisions that proved instrumental in transforming Indigo Airlines into one of the topmost budget airline companies in the world. Now Ghosh will be expected to walk the same line of fire with great…

ByGirish ShettiNovember 16, 20180Comments

News

Oyo continues with International Expansion, all set to enter Japan

Continuing with its strong international expansion, Oyo Rooms has now announced that it is all set to test waters in Japan. The news has come barely weeks after the budget hotel startup announced its foray into the U.K market. The company currently boasts presence in international markets like Nepal and Malaysia and is in the…

ByGirish ShettiOctober 9, 20180Comments

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