Oyo Rooms

Ritesh Agarwal said he has been to many holy sites and temples this year from Puri to Bhubaneswar and Ayodhya.

'Cheating': Man books hotel in Bengaluru, finds out its under-construction. MakeMyTrip, Oyo respond

Amit Chansikar slammed both MakeMyTrip and Oyo Rooms in his post as he had booked the property through both the platforms for over Rs 3,000.

OYO founder Ritesh Agarwal's 2-point advice for budding entrepreneurs. Watch

Ritesh Agarwal assured aspiring entrepreneurs that experiencing rejection is a common part of the entrepreneurial journey.

Sequoia’s India arm may raise $200 mn to bolster sixth fund

Move said to be driven by interest from limited partners and a fast-growing market

Ola, Paytm, OYO stocks attract investors in unlisted market, trade at eye-popping prices: Report

A few household names in this space are ANI Technologies (Ola), Oravel Stays (OYO Rooms) and One97 Communications (Paytm).

Oyo will be 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. While India was its first playground, it now has more rooms in China.

OYO Hotels to invest Rs 500 cr in Uttarakhand to build hospitality ecosystem

Oyo said it will be expanding its chain in the region by adding over 35,000 rooms in cities, including Dehradun, Mussoorie, Rishikesh, Haridwar, Haldwani, Kashipur, Nainital

Supreme Court appoints arbitrator in Oyo-Zo Rooms case

"We are confident that as in the past we will be able to defend our position before the honorable arbitrator successfully and prove that these claims are unfounded," Oyo said in a statement.

China’s Didi Chuxing may invest in Oyo Rooms

Chinese ride-sharing giant is expected to invest in Indian budget hotel network Oyo Rooms and its growing Chinese business

OYO enters Chinese market, starts operations in 26 cities

OYO has started operations in 26 cities in China to expand company's overseas market. China is the company's third overseas market, after its successful venture into Malaysia and Nepal.

OYO forays into holiday packages, targets 10% sales from this in 5 years

OYO has made a foray into the holiday packages segment with 'OYO Total Holidays' and expects 10 percent of its total revenues to come from this over the next five years, a top company executive has said.

OYO trims losses by 27% to Rs 363.7 crore in 2016-17

The revenue growth has been fuelled by more than two times growth in room nights and significant improvement in commissions, the company said.

OYO says no IPO plan for now; eyes 1.80 lakh rooms by 2018-end

"For the time-being, we are in an early stage of the company and early stage of the market, so for the time being we are not commenting on any specific public offering plans," he told PTI here when asked if the company has IPO plans.

80% of Oyo's revenue now comes from exclusive properties: Ritesh Agarwal

The company claims to be the cheapest and says Rs 499 per room night will be the sweet spot for new markets.

Oyo gets a USD 250 mn infusion from Softbank to fight MakeMyTrip, others

This is Softbank Vision Fund's second big investment in India after a massive USD 2.5 billion round in Flipkart, last month.

Oyo checks into Nepal, eyes 100 hotels this year

The room aggregator, which opened its first property here, is also looking to roll out its 'Townhouse' brand in the Himalayan nation, which of late is witnessing a tourist influx after a back-breaking earthquake in 2015.

GST rates: Budget hotel startups may drop prices, welcome move

Those hotels with room rentals between Rs 1000-2500 will be taxed at 12 percent, much lower than what they charged their customers earlier

Oyo Rooms expands global footprint, to launch services in Nepal

Nepal is a mid-market segment and will cater to the larger chunk of budget travellers that Oyo plans to capture

Treebo and MakeMyTrip part ways over rising commissions

The hiking of commissions by big OTAs for budget hotel room startups clearly indicates at a threat that established companies perceive from younger ventures in the travel segment

PayPal, Vistarooms partner for online payment to book hotels

Digital payment firm PayPal has a partnered with Vistarooms.com to enable foreigners travelling to India book hotels in the country.

Oyo Rooms looks to raise up to $500 million from SoftBank

A successful fund raise may value Oyo Rooms at USD 1.2 billion and propel it into the Unicorn club where Flipkart and Paytm are present.

Stayzilla to wind up biz following tough competition from rivals

Chennai-based online hotel room aggregator Stayzilla is shutting down operations owing to tougher competition from bigger rivals and a tighter business environment.

From Sula to OYO – this man found fortune in contrarian bets

Deepak Shahdadpuri, founder and MD, DSG Consumer Partners. The things he invests in tend to be from fields he‘s been passionate about for years

OYO to expand Asia footprint; introduces concierge service

OYO is planning to expand its footprints in South Asia and South East Asia, besides strengthening its service by introducing a concierge service called OYO Captains.

Top 10 events in India's startup ecosystem in 2016

India's startup ecosystem was replete with controversies all year around. From startup shutdowns, CEOs taking digs at each other, CXOs quitting enmasse, deal deadlocks and layoffs, the startup ecosystem had enough to offer. Here are some those events which played out during the course of the year.