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Mar 01, 2021 07:25 PM IST Nearly 150 employees of hospitality startup Oyo have been absorbed by KPMG, as part of a deal won by the consulting firm last year, to deliver finance shared services for the SoftBank-backed unicorn.
Feb 25, 2021 05:45 PM IST Maninder Gulati joined Oyo when it was two and founder Ritesh Agarwal 19. Hiring, strategising and acquisition—he has done it all at Oyo that has grown into a global brand. Last few years have been rough but chief strategy officer Gulati is convinced that Oyo is the place to be.
Jan 05, 2021 09:57 PM IST Biggest virtual wedding happened in Mumbai with 50 guests joining the wedding virtually and 50 guests attending the wedding in person in August, 2020.
Dec 30, 2020 07:09 PM IST With the unlocking of cities, December has emerged as the month which is witnessing the most demand around the holiday season.
Dec 08, 2020 10:24 AM IST Until early this year, the company had around 10,000 employees in the country. Now, the number is estimated to have come down to less than 2,500, with Oyo shifting to a lean model and exiting operations and renovations.
Dec 01, 2020 03:50 PM IST Ritesh Agarwal said Oyo's focus is on getting revenue for per available room to 60-80 percent of pre-COVID-19 pandemic levels across all markets, and India, China, Japan, and Southeast Asia are making progress in reaching that range
Nov 24, 2020 10:40 AM IST Ritesh Agarwal, who built one of the world’s biggest hospitality brands, on his management style, inspiration, the book that has influenced him the most and more.
Nov 13, 2020 11:25 AM IST The people analytics startup has also given partial exits worth $1.1 million to early investors and ex-employees.
Oct 09, 2020 06:53 PM IST Ritesh Agarwal was speaking at the first session of the Global Unicorn series organised by CII in partnership with SoftBank India.
Sep 29, 2020 04:07 PM IST The Oyo Hotels and Homes founder opens up about the $10-billion hospitality company’s troubles and each of the critical issues gnawing at it in in his most wide-ranging interview yet.
Sep 18, 2020 11:05 AM IST The Chandigarh-based hotelier in his FIR against Oyo CEO Ritesh Agarwal has stated that the Oyo’s top management abruptly exited a business agreement with "criminal intent".
Sep 05, 2020 07:42 AM IST Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico.
Aug 25, 2020 12:33 PM IST The OYO contempt of court case could set a precedent for other startups that operate on a minimum business guarantee model
Aug 17, 2020 04:18 PM IST Ritesh Agarwal will work as an adviser and mentor with VCats to promote entrepreneurship across the country’s tier 1, 2 and 3 cities
Aug 14, 2020 09:46 AM IST Oyo plans to build its portfolio of vacation homes in Europe and the UK over the next 12 months.
Aug 11, 2020 09:19 AM IST The contempt petition and further case hearing will be conducted on August 20
Aug 05, 2020 12:11 PM IST Salaries of employees with fixed compensation up to Rs 8 lakh will be the first reinstated from August
Jul 30, 2020 10:03 AM IST The VC also includes Gaurav Gulati, co-founder and ex-COO of Innov8, which was acquired by OYO for $31 million in March 2019
Jul 18, 2020 02:41 PM IST In India, India is seeing only 30 percent of pre-lockdown occupancy levels, OYO chief executive officer Ritesh Agarwal said.
Jul 16, 2020 04:08 PM IST Hotel owners have accused the startup of failing to honour contracts, withholding payments and breach of trust.
Jul 03, 2020 11:13 PM IST The company, which claims it has $1 billion in its war chest, has also decided to offer its technology team increments and promotions.
Jun 29, 2020 05:00 PM IST Tune in to this exclusive interview with the Oyo founder and CEO
Jun 25, 2020 10:27 PM IST The furloughed employees were informed about this development by Chief Operating Officer Abhinav Sinha.
Jun 10, 2020 03:22 PM IST As companies look to conserve cash, ESOPs should come into play but they find few takers among employees as well as founders.
May 29, 2020 01:33 PM IST In China, Oyo's second-largest market after China, occupancy rates lowered to below 20 percent during the crisis and is currently at around 50 percent.
