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  • KPMG absorbs 150 employees of Oyo Mar 01, 2021 07:25 PM IST

    KPMG absorbs 150 employees of Oyo

    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.

  • Startup Sages | Meet Maninder Gulati, the investor who is living his entrepreneurial dream with Oyo Feb 25, 2021 05:45 PM IST

    Startup Sages | Meet Maninder Gulati, the investor who is living his entrepreneurial dream with Oyo

    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.

  • Delhi and December saw most number of weddings in 2020 amid COVID-19 pandemic: Report Jan 05, 2021 09:57 PM IST

    Delhi and December saw most number of weddings in 2020 amid COVID-19 pandemic: Report

    Biggest virtual wedding happened in Mumbai with 50 guests joining the wedding virtually and 50 guests attending the wedding in person in August, 2020.

  • India emerges at the top with most bookings as consumer travel confidence bounces back: OYO Dec 30, 2020 07:09 PM IST

    India emerges at the top with most bookings as consumer travel confidence bounces back: OYO

    With the unlocking of cities, December has emerged as the month which is witnessing the most demand around the holiday season.

  • Exclusive | Oyo lays off another 600-800 employees as it moves to a revenue-sharing model Dec 08, 2020 10:24 AM IST

    Exclusive | Oyo lays off another 600-800 employees as it moves to a revenue-sharing model

    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.

  • Oyo hotels has about $1 billion to fund operations until IPO, says founder Ritesh Agarwal Dec 01, 2020 03:50 PM IST

    Oyo hotels has about $1 billion to fund operations until IPO, says founder Ritesh Agarwal

    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

  • Like A Boss: Don’t like me? That's ok. We can still happily co-exist if there's respect - Oyo’s Ritesh Agarwal Nov 24, 2020 10:40 AM IST

    Like A Boss: Don’t like me? That's ok. We can still happily co-exist if there's respect - Oyo’s Ritesh Agarwal

    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.

  • inFeedo raises $3.2 million from Bling, Freshworks founders Nov 13, 2020 11:25 AM IST

    inFeedo raises $3.2 million from Bling, Freshworks founders

    The people analytics startup has also given partial exits worth $1.1 million to early investors and ex-employees.

  • Witnessing strong growth for OYO vacation homes: Ritesh Agarwal Oct 09, 2020 06:53 PM IST

    Witnessing strong growth for OYO vacation homes: Ritesh Agarwal

    Ritesh Agarwal was speaking at the first session of the Global Unicorn series organised by CII in partnership with SoftBank India.

  • Exclusive I Oyo’s Ritesh Agarwal on IPO plans, investments, recovery, quality of rooms, fresh backlash from hoteliers and more Sep 29, 2020 04:07 PM IST

    Exclusive I Oyo’s Ritesh Agarwal on IPO plans, investments, recovery, quality of rooms, fresh backlash from hoteliers and more

    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.

  • Oyo gets flak from hospitality industry body after it slaps penalty worth crores, cuts ties abruptly with hotelier Sep 18, 2020 11:05 AM IST

    Oyo gets flak from hospitality industry body after it slaps penalty worth crores, cuts ties abruptly with hotelier

    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".

  • Softbank partners with Oyo in Latin America in move for more oversight Sep 05, 2020 07:42 AM IST

    Softbank partners with Oyo in Latin America in move for more oversight

    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.

  • Delhi HC asks OYO to submit details of debt-free assets by October 5; case may set precedent for startups Aug 25, 2020 12:33 PM IST

    Delhi HC asks OYO to submit details of debt-free assets by October 5; case may set precedent for startups

    The OYO contempt of court case could set a precedent for other startups that operate on a minimum business guarantee model

  • OYO founder Ritesh Agarwal joins hands with VCats to promote entrepreneurship in India Aug 17, 2020 04:18 PM IST

    OYO founder Ritesh Agarwal joins hands with VCats to promote entrepreneurship in India

    Ritesh Agarwal will work as an adviser and mentor with VCats to promote entrepreneurship across the country’s tier 1, 2 and 3 cities

  • 'Cautiously optimistic', says OYO CEO as firm reaches 30% of pre-COVID-19 occupancy levels Aug 14, 2020 09:46 AM IST

    'Cautiously optimistic', says OYO CEO as firm reaches 30% of pre-COVID-19 occupancy levels

    Oyo plans to build its portfolio of vacation homes in Europe and the UK over the next 12 months.

  • Contempt of court petition filed against Oyo, founder Ritesh Agarwal and directors in Delhi HC: Report Aug 11, 2020 09:19 AM IST

    Contempt of court petition filed against Oyo, founder Ritesh Agarwal and directors in Delhi HC: Report

    The contempt petition and further case hearing will be conducted on August 20

  • OYO to reverse employee pay cuts in phases: Report Aug 05, 2020 12:11 PM IST

    OYO to reverse employee pay cuts in phases: Report

    Salaries of employees with fixed compensation up to Rs 8 lakh will be the first reinstated from August

  • OYO founder Ritesh Agarwal launches VC fund for startups with average deal size of $1-$10 million: Report Jul 30, 2020 10:03 AM IST

    OYO founder Ritesh Agarwal launches VC fund for startups with average deal size of $1-$10 million: Report

    The VC also includes Gaurav Gulati, co-founder and ex-COO of Innov8, which was acquired by OYO for $31 million in March 2019

  • COVID-19 impact | OYO ends lease agreements for two flagship offices in Gurugram: Report Jul 18, 2020 02:41 PM IST

    COVID-19 impact | OYO ends lease agreements for two flagship offices in Gurugram: Report

    In India, India is seeing only 30 percent of pre-lockdown occupancy levels, OYO chief executive officer Ritesh Agarwal said.

  • SoftBank-backed Oyo faces fresh bout of complaints from hoteliers Jul 16, 2020 04:08 PM IST

    SoftBank-backed Oyo faces fresh bout of complaints from hoteliers

    Hotel owners have accused the startup of failing to honour contracts, withholding payments and breach of trust.

  • Oyo offers employees deeply discounted ESOPs Jul 03, 2020 11:13 PM IST

    Oyo offers employees deeply discounted ESOPs

    The company, which claims it has $1 billion in its war chest, has also decided to offer its technology team increments and promotions.

  • Setting Sail podcast | Ritesh Agarwal on Oyo after the pandemic, survival, growth and criticism Jun 29, 2020 05:00 PM IST

    Setting Sail podcast | Ritesh Agarwal on Oyo after the pandemic, survival, growth and criticism

    Tune in to this exclusive interview with the Oyo founder and CEO

  • COVID-19 impact | Oyo to lay off majority of furloughed US employees: Report Jun 25, 2020 10:27 PM IST

    COVID-19 impact | Oyo to lay off majority of furloughed US employees: Report

    The furloughed employees were informed about this development by Chief Operating Officer Abhinav Sinha.

  • ESOPs were once the rage in startups. Not anymore Jun 10, 2020 03:22 PM IST

    ESOPs were once the rage in startups. Not anymore

    As companies look to conserve cash, ESOPs should come into play but they find few takers among employees as well as founders.

  • Have capital for 3-4 years; no plans to exit any market: Oyo’s Ritesh Agarwal May 29, 2020 01:33 PM IST

    Have capital for 3-4 years; no plans to exit any market: Oyo’s Ritesh Agarwal

    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.

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