At an employees townhall held this week, Agarwal is understood to have shared how the company has been able to gradually strengthen its financials after overcoming the challenges of the pandemic.
Ritesh Agarwal, founder and CEO of hospitality chain Oyo, is all set to get married. The 29-year-old entrepreneur will tie the knot in March this year.
OYO had filed preliminary documents with SEBI in September 2021 for a Rs 8,430 crore IPO. The proposed offering consisted of a fresh issue of shares of up to Rs 7,000 crore and an offer-for-sale of as much as Rs 1,430 crore.
OYO, in the letter to NCLT, requested the tribunal to expedite the Ministry of Corporate Affairs' (MCA) investigation on the running of FHRAI.
A daily round-up of the most interesting articles to help jump-start the day.
The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO).
In a series of tweets, Agarwal spoke about the "busiest day of the year" for the travel technology company and shared that OYO saw higher bookings in Varanasi as compared to Goa.
The Sebi has asked the company to update risk factors, its key performance indicators, pending lawsuits, and the basis for valuation in the its DRHP.
With travel bouncing back strongly after the pandemic, OYO Travelopedia 2022 found that Hyderabad, Delhi, Bangalore, Kolkata, and Chennai emerged as the most booked cities in India for business travel.
After a dramatic slowdown in activity, there is a lot of buzz on the street once again because the IPO season is back. From Bikaji & Sula to DCX Systems, most IPOs in 2022 saw strong interest from investors. As we enter the new year, let’s have look at the key IPOs that investors should watch out for in 2023.
With the laying off of 600 employees and hiring of 250 fresh members, the net downsizing will be around 350. This accounts for nearly 10 percent of Oyo's 3,700-employee base.
In an addendum to update its IPO application filed with the Securities and Exchange Board of India (Sebi), the company said its revenues in the first half of FY23 grew by 24 per cent year-on-year to Rs 2,905 crore.
A two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within six weeks.
OYO, however, said the Federation of Hotel & Restaurant Associations of India (FHRAI) is misrepresenting the CCI order and the letter to Securities and Exchange Board of India (Sebi) is to distract attention from the executive committee meeting of FHRAI.
"As part of the engagement, members of the group will be offered multiple benefits along with the convenience to choose from the network of safe, clean and affordable accommodations," OYO stated.
Investors gauge private firms on their businesses, growth abilities, and macro environment to identify their ‘true’ value
A fine of Rs 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs 168.88 crore on OYO, according to a 131-page order.
Airfare has risen nearly 40 percent as searches for domestic air travel tickets increased by 124 percent and 133 percent for international air travel from pre-pandemic levels, in India during the Diwali season.
In the week ended September 30, 2022, nearly 12.3 lakh shares of the company were sold in the private market as compared to over 1.6 lakh shares sold in the previous week.
Our specially curated package of the most interesting articles to help you stay at the top of your game
The SoftBank-backed firm released a statement to uphold the increase in its gross booking value this financial year after the Japanese investor cut the IPO-bound Indian start-up's valuation by about 20 percent to $2.7 billion.
The 'green tag' will be assigned to hotels that are eco-friendly in terms of features like using solar power enhanced efficient lighting and rainwater harvesting.
Despite the steep rise in ESOP costs, the hotel aggregator’s employee costs grew only by 7 percent as salaries and bonuses were brought down by 27 percent
The hotel-booking company filed fresh financial documents on Monday and is now targeting an initial public offering in early 2023 provided that India’s stock market continues to hold up and economic conditions improve, according to people familiar with the matter.
The Softbank-backed company is now targeting an initial public offering in January 2023 provided that India’s stock market continues to hold up and economic conditions improve, according to a report