Oyo

After drawing criticism over its complicated bonus ballot, PRISM, the parent of Oyo, has withdrawn the plan and promised a fresh, transparent version for all shareholders — signalling a course correction before its market debut.

Oyo’s Ritesh Agarwal, Isha Ambani, BlissClub’s Minu Margaret and others feature in Hurun India’s Under 35 top entrepreneurs list

Nearly 76% of the entrepreneurs featuring on the list are first generation founders.

OYO-parent PRISM rejigs top leadership

The travel-tech firm said Shreerang Godbole continues as Chief Service Officer for PRISM, driving customer experience, and field and remote operations across all of PRISM's businesses

OYO rebrands parent company as PRISM to reflect global expansion, premium push

The corporate rebrand comes at a pivotal moment for the group, as it gears up for a renewed IPO bid later this year

Dubai, Bali top picks for Indians in Jan-June; bookings for visa-easy destinations jump: OYO Report

Dubai, Bali, and Bangkok led OYO bookings by Indian travellers in H1 2025, with a 65% YoY rise in visa-easy destinations driven by relaxed travel norms.

OYO’s G6 acquisition to boost profitability, lift EBITDA margins to 20% by FY26, says Fitch

The ratings agency says that the developed market shift will reduce earnings volatility, while the G6 integration will bring cost synergies through tech upgrades and offshore operations

Maha Kumbh showed how India's spiritual quest turned into material gains for MakeMyTrip, Ixigo, Oyo

Spiritual tourism is increasing driving revenue of travel companies such as ixigo, MakeMyTrip and OYO, with the younger demographic emerging as a significant growth driver in this category. The rising trend has also prompted strong projections of job creation as well as revenue growth.

SoftBank swings back to black with $3.5 billion Q4 profit, but Swiggy, Ola markdowns sour India bets

For FY25, Softbank's Vision Fund 2 posted a loss of $3.4 billion, hit by markdowns in holdings suchs as Swiggy, Ola, AutoStore and Symbotic Public portfolio value down 21.7% QoQ in Q4 for SVF2.

Oyo speeds up IPO plans as founder's debt repayment date looms: Report

Founder Ritesh Agarwal had borrowed $2.2 billion in 2019 to increase his stake in Oyo. That loan was restructured in 2022, and Agarwal is yet to pay back its first tranche, the report said

I personally clean our hotel washrooms, says Oyo founder Ritesh Agarwal

The 29-year-old entrepreneur said it's very hard for people to accept this because, unfortunately, upbringing doesn't teach us that.

OYO Q3 Results: PAT rises nearly 6 times to Rs 166 crore

The company's revenue in the third quarter rose to Rs 1,695 crore, growing almost 31 per cent from Rs 1,296 crore a year earlier, marking a turnaround from the flat topline growth seen in FY24.

OYO-owned Innov8 raises Rs 110 cr from investors at Rs 1,000 cr valuation to expand coworking biz

The capital raised will support strategic inorganic growth opportunities such as acquisitions, technology upgrades, partnerships, and expansion into niche segments.

Shaadi.com founder Anupam Mittal reacts after OYO bans check-in for unmarried couples

Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in at OYO hotels, including for bookings made online.

Ritesh Agarwal says over 10 lakh people used OYO rooms on NYE. 'Our users are certified night owls'

There was a 41 percent spike in traffic at 2 am, the OYO CEO said. This comes a week after OYO completed its acquisition of G6 Hospitality from Blackstone Real Estate for Rs 4,463 crore in an all-cash transaction.

Oyo completes $525-million G6 Hospitality acquisition for wider global reach

The hospitality major is targeting the addition of over 150 hotels in 2025 under the Motel 6 and Studio 6 brands.

OYO reports Rs 158 crore net profit in Q2: Founder Ritesh Agarwal

In Q2 FY25, OYO’s revenue surged to Rs 1,578 crore, from Rs 1,413 crore in Q1. OYO recently announced its acquisition of G6 Hospitality, a US-based economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone.

Former OYO finance chief Abhishek Gupta joins Lenskart as CFO

In addition to his role as CFO, Gupta will also work on strengthening the corporate governance mandate at Lenskart.

Oyo parent in talks to raise $200 mn at a valuation of $4.5-5 bn: Report

The company is seeking to close the funding at a valuation between $4.5 billion and $5 billion, much above its last valuation of $2.4 billion but still far from the peak of $10 billion, the report added.

IPO-bound OYO rejigs top leadership with five elevations

IPO-bound OYO has appointed Sonal Sinha as COO International and Rachit Srivastava as COO for OYO Vacation Homes in Europe, among five new leadership additions.

Swiggy CEO Rohit Kapoor: 'Used to go to office at 8 am, nobody used to be there in my previous organisation'

Rohit Kapoor also spoke against the hustle culture and employees being pushed to 'build' companies instead of looking at their jobs as just work. 'You don't need to hustle and work till 3 am every day,' he said.

OYO estimates EBITDA to cross Rs 2,000 cr in FY26 with Motel 6 acquisition

The travel tech unicorn estimates that Motel 6 will add over Rs 630 crore to its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) in the coming financial year, which will be the first full year of its integration

OYO’s Motel 6 acquisition adds global visibility, but what’s with its IPO plans?

Blackstone’s exit from Motel 6 rewards its investors handsomely but will the deal add heft to OYO’s valuations that have seen significant erosion since the pandemic?

World Street | Apollo Global may invest $5 bn in Intel; Oravel Stays to acquire G6 Hospitality from Blackstone; X complies with Brazil’s court orders; and more

From Apollo Global Management's potential $5 billion investment in Intel to Oravel Stays' acquisition of G6 Hospitality from Blackstone, here’s a look at recent business developments around the world.

OYO to buy iconic Motel 6 brand for $525 million in US expansion bid

OYO’s parent company, Oravel Stays, is buying G6 Hospitality, which controls both the Motel 6 and Studio 6 hotel brands, according to a statement

'He lives in the future': Ex-SoftBank executive opens up about making deals alongside Masa

In a conversation with Moneycontrol ahead of the release of his memoir, former SoftBank executive Alok Sama talks about his days at the fabled tech conglomerate — and betting on companies such as WeWork, Paytm, Ola, OYO, Arm and Nvidia