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  • OYO estimates its revenue to be $751 million in 2022-23: Ritesh Agarwal Jan 27, 2023 05:04 PM IST

    OYO estimates its revenue to be $751 million in 2022-23: Ritesh Agarwal

    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.

  • Wedding bells for OYO founder Ritesh Agarwal Jan 25, 2023 04:52 PM IST

    Wedding bells for OYO founder Ritesh Agarwal

    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 to file DRHP again in February, SEBI nod expected by April Jan 18, 2023 11:07 AM IST

    OYO to file DRHP again in February, SEBI nod expected by April

    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 writes to NCLT seeking action against 'erring' FHRAI executive committee members Jan 05, 2023 07:20 PM IST

    OYO writes to NCLT seeking action against 'erring' FHRAI executive committee members

    OYO, in the letter to NCLT, requested the tribunal to expedite the Ministry of Corporate Affairs' (MCA) investigation on the running of FHRAI.

  • Moneycontrol Daily: Your Essential 7 Jan 04, 2023 06:07 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • Sebi returns OYO's draft IPO papers; asks to refile with updates Jan 03, 2023 04:12 PM IST

    Sebi returns OYO's draft IPO papers; asks to refile with updates

    The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO).

  • OYO saw over 4.5 lakh bookings on New Year's eve: Founder Ritesh Agarwal Jan 03, 2023 08:47 AM IST

    OYO saw over 4.5 lakh bookings on New Year's eve: Founder Ritesh Agarwal

    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.

  • OYO public issue likely to be delayed by another quarter: Report Jan 01, 2023 12:25 PM IST

    OYO public issue likely to be delayed by another quarter: Report

    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.

  • Small towns witness highest increase in room bookings in 2022: OYO Dec 28, 2022 04:31 PM IST

    Small towns witness highest increase in room bookings in 2022: OYO

    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.

  • IPOs to watch out for in 2023: Swiggy, Fabindia & OYO may check in to Dalal Street Dec 21, 2022 02:01 PM IST

    IPOs to watch out for in 2023: Swiggy, Fabindia & OYO may check in to Dalal Street

    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.

  • Oyo to lay off 600 employees, hire 250 new members Dec 03, 2022 02:49 PM IST

    Oyo to lay off 600 employees, hire 250 new members

    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.

  • IPO-bound OYO reports Rs 63 crore profit in April-September Nov 28, 2022 09:13 PM IST

    IPO-bound OYO reports Rs 63 crore profit in April-September

    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.

  • NCLAT stays CCI's Rs 169 crore penalty on Oyo Nov 22, 2022 08:12 PM IST

    NCLAT stays CCI's Rs 169 crore penalty on Oyo

    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.

  • Hotels body asks regulator to stop OYO from floating Nov 15, 2022 09:21 PM IST

    Hotels body asks regulator to stop OYO from floating

    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.

  • OYO announces partnership to support solo female travel across India Nov 10, 2022 02:19 PM IST

    OYO announces partnership to support solo female travel across India

    "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.

  • What is valuation markdown for startups? Oct 25, 2022 11:18 AM IST

    What is valuation markdown for startups?

    Investors gauge private firms on their businesses, growth abilities, and macro environment to identify their ‘true’ value

  • CCI slaps penalties totalling Rs 392 crore on MakeMyTrip, Goibibo, Oyo Oct 19, 2022 07:22 PM IST

    CCI slaps penalties totalling Rs 392 crore on MakeMyTrip, Goibibo, Oyo

    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.

  • Tourism on a swing: Flight hunt spikes 124%, airfare surges 40% ahead of Diwali Oct 11, 2022 05:15 PM IST

    Tourism on a swing: Flight hunt spikes 124%, airfare surges 40% ahead of Diwali

    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.

  • IPO-bound OYO valuation dips in private market after reported markdown by investor SoftBank Oct 05, 2022 11:24 AM IST

    IPO-bound OYO valuation dips in private market after reported markdown by investor SoftBank

    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.

  • Moneycontrol Selects: Top stories this evening Sep 22, 2022 07:11 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • Oyo rejects investor SoftBank’s valuation markdown, dubs speculations ‘patently incorrect' Sep 22, 2022 06:04 PM IST

    Oyo rejects investor SoftBank’s valuation markdown, dubs speculations ‘patently incorrect'

    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.

  • OYO working on 'green tag' for sustainable hotels on its platform: CEO Sep 20, 2022 07:27 PM IST

    OYO working on 'green tag' for sustainable hotels on its platform: CEO

    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.

  • Oyo’s ESOP costs grow 344% to Rs 680 crore in FY22; CEO Ritesh Agarwal’s remuneration up 250% Sep 19, 2022 02:43 PM IST

    Oyo’s ESOP costs grow 344% to Rs 680 crore in FY22; CEO Ritesh Agarwal’s remuneration up 250%

    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

  • SoftBank-backed Oyo seeks to resurrect IPO after growth resumes Sep 19, 2022 10:46 AM IST

    SoftBank-backed Oyo seeks to resurrect IPO after growth resumes

    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.

  • Oyo's revenue rises 18% to Rs 4,905 crore in FY22, net loss narrows to Rs 1,851 crore Sep 19, 2022 10:23 AM IST

    Oyo's revenue rises 18% to Rs 4,905 crore in FY22, net loss narrows to Rs 1,851 crore

    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