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OYO launches online portal for travel agents

The portal provides pre-registered and verified offline travel agents access to OYO inventory at the best price to deliver great value to their customers, OYO said in a statement.

Setting Sail podcast | Young generation doesn't believe in asset ownership, says Oyo's Rohit Kapoor

Rohit Kapoor, CEO at Oyo Life talks about the company's expansion plans and how the current generation's mantra of being asset light is one of the prime reasons behind the growth of the shared economy.

OYO to raise $1.5 bn in latest round of funding

A significant part of the funds will be diverted towards continued growth in OYO's fastest-growing market the United States, and in strengthening the company's position in the vacation rentals business in Europe.

OYO's housing rental brand expanding presence in Kolkata

The company said it started operations in the city with 20 fully managed buildings, 700 plus beds.

WeWork Debacle | A wake up call for not just Softbank, but Indian startup founders and their investors too

A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing

Startup corner | Oyo new Softbank darling after WeWork setback. Should it be cautious?

Softbank-invested WeWork’s IPO hit a bump due to valuations that seemed too high. A share buy-back by founder helped Oyo’s valuation jump three-fold within a year.

OYO expands to over 100 hotels in more than 21 states in US

The company has committed $300 million as an initial investment in the US to fuel rapid growth across the country, OYO said in a statement.

CCI approves $1.5 billion buyback of Oyo shares by founder: Report

The report noted that after the buyout, Agarwal will see his stake in Oyo increase to 30 percent, which would make him the second-largest stakeholder.

Setting Sail podcast | Wish the deal for Zo Rooms with Oyo would go through, says Zostel CEO Dharmveer Chouhan

Despite a setback in 2015, Zostel CEO Dharmveer Chouhan wishes that the deal with Oyo materialises sometime in the future.

OYO partners Mountania Developers to open its first upscale hotel in Ahmedabad

Mountania Developers has acquired the 64-suites property in Ahmedabad which will be operated under OYO brand by redesigning it into a premium upmarket hotel, the company said in a statement.

Looking for a job? Head to these cash-rich startups

OYO expands presence to over 500 cities in India

On growth opportunities in India, Ghosh said: 'We are less than 5 per cent of the total unbranded hotel and guesthouse market in India and there is massive headroom for growth now and in coming years.'

Oyo acquires Copenhagen-based data science company Danamica

Earlier this August the company had committed to invest €300 million in the vacation homes business in Europe, with a special focus on strengthening technology.

Oyo purchases Hooters Hotel in Las Vegas; here's other Indian players who entered the game long before Oyo

This is the company's first property purchase in the United States, which it has bought together with Highgate, an American real estate investment and hospitality management company.

OYO to add over 3,000 employees in India over 6 months

The employees will be recruited across multiple functions, including business development, operations, service, sales and enterprise partnerships.

OYO rolls out Hindi support to woo users from tier II, III cities

In June this year, OYO witnessed about 40 per cent demand coming from non-metro users in cities like Jaipur, Noida, Pune, Chandigarh, Lucknow, Bhubaneswar, Ahmedabad, Indore, Dehradun, Patna, Bhopal and Ghaziabad.

Reporter's Take | OYO to enter the food space with its coffee chain The French Press

The Softbank-backed company has launched an outlet each in Delhi and Bengaluru and will open at least a dozen more soon.

Exclusive: Oyo wakes up to smell coffee, and more

The hotel start-up has launched a coffee chain, French Press. Delhi and Bengaluru have got a café each, more on the way.

OYO partners Acko General Insurance to launch complimentary insurance cover for guests

The guests will get insurance against accidental death, baggage loss and accidental medical expenses for the entire duration of their stay in a particular city.

OYO appoints Mandar Vaidya as CEO for Southeast Asia, Middle East

The appointment comes as part of company's ongoing focus to drive accelerated growth in two of its high potential markets - Southeast Asia and the Middle East, OYO said in a statement.

What’s cooking | Amazon’s interest in Uber Eats may go beyond food

The retail big shot is leaning heavily on what it has been good at – delivery. But food is a different proposition altogether.

Startup Corner | ShopClues' woes point to a bigger malaise unfolding in venture world

The famed startup story is showing cracks. Once a leader in unbranded products, ShopClues is an example of how lack of foresight and complacency can affect a business

Oyo founder Ritesh Agarwal to buy back shares of early investors in $2bn funding round

The development comes at a time when Softbank is learnt to be looking at investing a mammoth amount of funding in the hospitality firm for increasing its shareholding in the company.

Testing waters: Can co-working be the lucky mascot for Oyo?

Co-working as a business model is getting all the attention. But Oyo has to deal with a tough challenge from the likes of WeWork

Startups | At $5.5 bn valuation, Byju’s is making investors sit up and take note

Byju’s valuation is making news. The sheer size of India’s education market and growth prospects could be the key factor at play