OYO Projects EBITDA to Surpass Rs 2,000 Cr in FY26 with Motel 6 Acquisition
OYO, the travel tech platform, is expected to post a leap in EBITDA of over Rs 2,000 crore by 2025-26, primarily due to its acquisition...
Tag : OYO
Zyod Raises $3.5 Million in Seed Funding Led by Lightspeed
Zyod, a global B2B platform for sourcing and manufacturing apparel, announced a $3.5 million seed round led by Lightspeed. The seed round also saw participation...
Sebi Returns to OYO’s Draft IPO Document, Asks for Certain Updates to be Resubmitted
Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel tech company OYO, to resubmit its draft IPO document and make...
CCI Orders for MakeMyTrip, Oyo Spark New Debate on Price Parity Agreements
The Competition Commission of India‘s Rs 392 crore fine on online travel aggregators MakeMyTrip (MMT) and Goibibo and hospitality firm Oyo has triggered a fresh...
IPO-Bound OYO Valuation Falls in Private Markets After Investor Softbank Reports Price Cut
Oyo‘s private market valuation has fallen to around $6.5 billion after reports that SoftBank lowered the valuation of the hotel and travel technology company in...
Oyo’s Revenue Rises 18% in FY22, Net Loss to Rs 1,851 Crore
Online hotel aggregation platform Oyo‘s operating revenue rose 18% to Rs 4,905 crore in FY22 from the previous year, while its net loss narrowed by...
Oyo, Snapdeal, Droom IPO Plans Await SEBI Approval Even After One Year
Plans for the first stock sale of six companies are yet to be approved after a draft was submitted nearly a year ago, according to...
Pepper Content Raises $14 Million For US Expansion
On June 9, Content marketplace Pepper Content announced that it had raised $14.3 million in a Series A round led by Bessemer Venture Partners. The...
OYO Surpasses 300k Weekend Bookings
SoftBank-backed travel tech platform OYO has revealed that it received more than 310,000 bookings over the last festive weekend (Navratri, Durga Puja, and Ashtami). It...
Oyo to Offer Free Accommodation to Ukraine Refugees
On Tuesday, OYO said it would offer free accommodation to refugees fleeing Ukraine. Starting with Poland, the company has initiated concerted efforts to appeal to...