With second-tier cities at its core, OYO Hotels' chain extends deep into China's tier-2 to tier-6 cities.
In this podcast, we examine the story of a Gurgaon startup that has grown by leaps and bounds, overcome problems, and looks all set to take on the biggest in its business.
The value of Vision Fund's investments in 69 companies had risen to $72.3 billion by end-March, from their $60.1 billion acquisition cost, driven by gains at companies like Uber and Indian hotels startup OYO.
The acquisition will help OYO move a step closer in realising its vision of becoming a global real estate brand while maintaining leadership in the hospitality industry
Ctrip buying into MakeMyTrip is the latest among Chinese firms nibbling at India’s new-age firms. This could set the alarm bells ringing elsewhere
Last month, the company had also announced a commitment of Rs 1,400 crore for the India and Nepal markets.
Watch Sakshi Batra in conversation with Priyanka Sahay to learn more about Oyo's new food delivery venture called 'Adrak'.
OYO has footprint in over 500 cities across 10 countries - India, China, Malaysia, Nepal, the UK, the UAE, Indonesia, Saudi Arabia, the Philippines and Japan.
The company has hired Chandan Agarwal as the head of food and beverage and cloud kitchen unit.
The joint venture, named as OYO Hotels Japan GK, will be led by Prasun Choudhary as the operating partner, OYO said in a statement.
By pouring in $200 million to fuel its competitor Oyo's fire, Airbnb gets a better hold in India and China -- two markets where Airbnb has had limited luck.
Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India.
OYO has now raised more than $1.7 billion from investors to date, including this new capital.
In an interaction with Moneycontrol, Oyo founder Ritesh Agarwal spoke about the rationale behind raising money from Softbank-backed companies as well as Oyo’s expansion plans.
"The money will go in capex, technology and leadership," Aditya Ghosh, CEO India and South Asia of Oyo said.
OYO Life provides upgraded living experiences at affordable prices to young professionals globally, OYO said in a statement.
FreshMenu fits into Oyo’s core business, adding revenues and improving profitability. But the challenge is to reboot FreshMenu’s operations so that Oyo’s customers see value in its offering
Oyo Life aims to enter the housing rental segment in the country, targeting the young and growing population of Japan, starting with students and young professionals.
Oyo and FreshMenu were reportedly brought together by their common investor Lightspeed Venture Partners
OYO Hotels in Saudi Arabia will employ over 300 local citizens by end of 2019, and generate employment for over 5,000 Saudi citizens by 2020, the statement said.
Oyo last raised $800 million in a financing round led by SoftBank Investment Advisers (SBIA) with participation from Lightspeed Venture Partners, Sequoia and Greenoaks Capital in September.
OYO expects revenue of more than 14 billion rupees for the current financial year ending March, it said in a statement.
The company is adding 70 hotels every month to its chain in Indonesia and is looking at closing 2019 with presence in 100 cities in the Southeast Asian country.
The SoftBank-backed company, which ventured into international markets in 2016, already has a presence in the UK, the UAE, China, Indonesia, Malaysia, and Nepal.
Most of the boycott threats are being made by small groups of people who have no property associated with OYO, the company said in a statement.