| Date | Title | Description |
| 14.06.2025 | ₹10,000 crore bet on India's hotels: Investors pile in and mergers and acquisitions follow as sector scales up">A ₹10,000 crore bet on India's hotels: Investors pile in and mergers and acquisi... | - |
| 11.06.2025 | China’s Bankers Ditch Global Hotel Chains as Travel Budgets Bite | - |
| 06.06.2025 | OYO To Expand Its Company-Serviced Hotels To Drive Revenue | SUMMARY
OYO is planning to double the share of its company-service hotels to its booking revenue to 44% in FY26 from 22%
It also looks to increase the number of these properties to 1800 in FY26
OYO is planning to file its IPO papers soon an... |
| 06.06.2025 | IPO-bound OYO eyes doubling of revenue from company-serviced hotels by FY26 | - |
| 27.05.2025 | OYO Plans To File IPO Papers By September | SUMMARY
OYO has reportedly restarted discussions for its public issue and is looking to file the draft papers in August-September this year
The startup has held initial discussions with investment banks, which have said that it could garner... |
| 20.05.2025 | Big setback for VC firm Orios as court sides with OYO in long-running Zostel dispute | Premium
Credit: 123RF.com
The Delhi High Court’s decision to set aside the arbitral award in the OYO-Zostel dispute has dealt a significant blow to homegrown venture capital firm Orios Venture Partners, the largest institutional backer of Z... |
| 15.05.2025 | OYO’s Win Over Zostel, BharatPe CTO Exit & More | -->
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| 08.05.2025 | OYO’s Profit Zooms 2.7X To INR 623 Cr In FY25: Ritesh Agarwal | SUMMARY
In a townhall meeting, founder and CEO Ritesh Agarwal told employees that OYO has become the “most profitable startup in the country”
The startup’s revenue grew 20% to INR 6,463 Cr from INR 5,388.7 Cr in FY24, on the back of a 54% Y... |
| 08.05.2025 | OYO becomes most profitable Indian startup in FY25 with ₹623 cr profit: Founder Ritesh Agarwal | New Delhi, May 8 (PTI) Global travel tech platform OYO has become the most profitable Indian startup with a profit after tax of ₹623 crore in the 2024-25 financial year, Founder Ritesh Agarwal told employees in a townhall on Thursday, sourc... |
| 05.05.2025 | Meet the Indicorns: 202 Startups That Scaled with Profitability Focusing on the sectoral trends, Fintech (50 startups), E-commerce (16), and Logistics (13) are leading India's profit-first growth. Reg... | In a landscape often dominated by funding frenzies and billion-dollar valuations, a quiet revolution is underway—where profitability is the new status symbol. Indian startups are now rewriting the rulebook by proving that scale and sustaina... |
| 02.05.2025 | OYO To Delay IPO Amid Market Volatility: Report | SUMMARY
SoftBank, which holds 30% stake in OYO has asked the Delhi NCR-based unicorn to defer IPO plans till next year
Now the Ritesh Agarwal-led startup plans to go for its public listing in March next year
However, a month ago the credito... |
| 01.05.2025 | OYO To Enter F&B With In-House Kitchens, QSR Carts | SUMMARY
OYO plans to offer in-house kitchen services and quick service restaurant setups at Townhouse properties
The Ritesh Agarwal-backed startup will cover 1,500 properties under the new programme in FY26
The startup aims to add 5-10% mor... |
| 29.04.2025 | Startup Founders Discuss Growth, Deeptech Innovation With Piyush Goyal | SUMMARY
The closed-door meeting was organised by Startup Policy Forum (SPF)’s on April 24
It saw participation from founders including Ritesh Agarwal, Amit Jain, Aloke Bajpai, among others
The founders proposed setting up an investment fund... |
| 24.04.2025 | Rajasthan HC Flags False Claims By Samskara Resort, Grants Relief To OYO | SUMMARY
The court was hearing a plea by OYO seeking quashing of the FIR filed by Samskara Resort against it
During the hearing, the Rajasthan HC expressed concern over “misleading and factually incorrect” claims made by the resort against O... |
| 14.04.2025 | Jaipur resort files FIR against OYO after getting ₹2.66 crore ‘wrong’ GST notice - Report | A resort in Jaipur has filed an FIR against Ritesh Agarwal-owned OYO after receiving GST notices worth crores, alleging that the travel booking platform had provided “incorrect information” that resulted in the notices.
According to a repor... |
| 12.04.2025 | Navigating the Digital Landscape: The Power of Seamless Transitions and Robust Protection | In the fast-paced world of technology, change is the only constant. Businesses are always on the lookout for tools that enhance efficiency and security. Enter MoEngage and McAfee, two giants in their respective fields, offering solutions th... |
| 11.04.2025 | MoEngage Makes Migration Effortless with "MoUpgrade" | SAN FRANCISCO, April 11, 2025 /PRNewswire/ -- Upgrading to an advanced cross-channel customer engagement platform can often seem time-consuming, costly, and full of operational challenges. That's why MoEngage is redefining the migration exp... |
| 08.04.2025 | Tata Capital & boAT Set for Listing After Filing Through Confidential Route Tata Capital and boAT take the confidential route to file papers with SEBI; Tata's financial services arm listing set to... | Tata Capital, part of the Tata Group, has filed the necessary paperwork with the market regulator, the Securities and Exchange Board of India (SEBI). According to reports, the initial public offering is set to be valued at INR 15,000 crore,... |
| 04.04.2025 | BlackSoil-Caspian Debt Merger Gets RBI Nod | National: BlackSoil Capital, a leading alternative credit platform, and Caspian Debt, a prominent impact investment lender, have received approval from the Reserve Bank of India (RBI) for their merger. This marks a crucial step toward final... |
| 03.04.2025 | The Rise of India’s Start-Up Ecosystem: A New Era of IPOs and Mergers | India's start-up landscape is evolving. A wave of late-stage start-ups is preparing to go public, marking a significant shift in the country’s economic narrative. The RainGauge Private Pulse report reveals that 38 high-growth start-ups are ... |
| 02.04.2025 | BlackSoil-Caspian Debt Merger Gets RBI Nod The merger is set to enhance BlackSoil's capabilities in supporting startups, MSMEs, and impact-driven businesses by expanding financial solutions for unders... | BlackSoil Capital, a key player in alternative credit, and Caspian Debt, a leading impact investment lender, have secured approval from the Reserve Bank of India (RBI) for their merger. With only the National Company Law Tribunal (NCLT) cle... |
| 02.04.2025 | Listed start-ups to contribute 4-5% of India’s market cap: Report | A growing number of late-stage start-ups are gearing up for public listings, according to The RainGauge Private Pulse report by The Rainmaker Group. The report highlights a cohort of 38 high-growth start-ups spanning consumer internet, fint... |
| 01.04.2025 | Checking in: Global hotel chains make big India bet, sign wave of deals | - |
| 12.03.2025 | OYO To Clock INR 1,550 Cr EBITDA In FY25: Ritesh Agarwal | SUMMARY
While OYO was initially targeting INR 1,200 Cr EBITDA for FY25, G6 Hospitality will contribute an additional INR 350 Cr to its bottomline, founder Agarwal said
OYO acquired G6 Hospitality, which owns budget lodging chains Motel 6 an... |
| 07.03.2025 | OYO Appoints Sonal Sinha As CEO Of G6 Hospitality | SUMMARY
OYO also said its chief growth officer Kavikrut is transitioning from his role and taking over as the CEO of Telangana’s incubator programme T-Hub
Previously, Sinha held the role of a country head for US and chief operating officer ... |
| 05.03.2025 | OYO Expects INR 1,100 Cr Net Profit In FY26: Ritesh Agarwal | SUMMARY
Agarwal expects an improvement in the top line due to its recent acquisition of US-based G6 Hospitality, the parent of Motel 6 and Studio 6
OYO expects G6 Hospitality to contribute an EBITDA of INR 630 Cr in the upcoming financial y... |
| 01.03.2025 | Dodo Payments raised $1.1 M Pre-seed funding from multiple investors | In its pre-seed round, which was led by Antler, 9Unicorns, and Venture Catalysts, the fintech startup Dodo Payments raised $1.1 million.
Among those who have taken part are Nitin Gupta from Uni Cards and PayU, Maninder Gulati from Oyo CSO/L... |
| 28.02.2025 | Earthful: A Green Revolution in Nutrition | In a world where health is paramount, Earthful emerges as a beacon of hope. This Hyderabad-based startup is not just another player in the nutrition game; it’s a game-changer. Founded in 2020 by sisters Veda Gogineni and Sai Sudha G, Earthf... |
| 27.02.2025 | Earthful Secures INR 5 Cr Funding to Expand Clean, Plant-Based Nutrition Offerings Funds raised to be used in R&D of new products, improving brand presence and building a strong core team. | Earthful, a leading plant-based nutrition brand, has raised INR 5 crore in a funding round led by seasoned entrepreneur Srinivasan Namala, who previously built Porus Labs and exited to Bain Capital for over INR 2,400 crores.
Ritesh Agarwal,... |
| 27.02.2025 | Plant-based nutrition startup Earthful raises ₹5 cr | Earthful, a plant-based nutrition brand, has raised ₹5 crore from investors led by Srinivasan Namala, who has built Porus Labs and exited to Bain Capital for over ₹2,400 crore. Ritesh Agarwal, founder of OYO Rooms, will also participate fol... |
| 22.02.2025 | OYO Issues Clarification After Ad Stirs Online Row | SUMMARY
The company landed in a soup after its advertisement, published in a Hindi news daily, mentioned that “God is everywhere, so is OYO”
Many users took to social media platform X to express their displeasure, trended “#BoyccottOYO” on ... |
| 21.02.2025 | PALMONAS Raises INR 1.26 Cr from Namita Thapar & Ritesh Agarwal; Shraddha Kapoor Joins as Co-founder With the fresh funds, PALMONAS aims to expand offline retail with exclusive stores in major cit... | Bollywood actress Shraddha Kapoor has made a striking entry into the business world by joining PALMONAS, a pioneering demi-fine jewelry brand, as a Co-founder. This move comes as the brand secures INR 1.26 crore in funding for a 1% equity s... |
| 19.02.2025 | Meesho launches creator marketplace; sees 14.5 mn paying users in 2024 | E-commerce firm Meesho has launched shopping by launching creator marketplaces as part of its broader content commerce initiative.
Between January and December 2024, Meesho’s content commerce initiative has reached over 14.5 million users. ... |
| 18.02.2025 | Practo Picks Jagnoor Singh As COO To Drive Growth, Explore New Markets | SUMMARY
Practo appoints Jagnoor Singh as COO to boost operations and drive growth
Singh has over 16 years of experience in companies like Airtel, OYO, and Unacademy
Singh will work on go-to-market strategies that would help deepen market pe... |
| 12.02.2025 | ELevate 2025 National Finals Conclude with an Unforgettable Celebration of Leadership, Talent, and Impact | Bengaluru, Karnataka, India
The National Finals of ELevate 2025, Enabling Leadership’s flagship event, concluded on a high note, bringing together over 800 underserved children from across the country for an inspiring showcase of talent, re... |
| 11.02.2025 | OYO To Invest $10 Mn In G6 Hospitality’s Digital Assets | SUMMARY
Through this investment, the company aims to grow Motel 6 website and My6 application by strengthening the number of app installations by 4X
Last year, OYO’s parent Oravel Stays Ltd acquired G6 Hospitality from Blackstone Real Estat... |
| 10.02.2025 | BorderPlus Secures INR 60 Cr Funding Led by Owl Ventures The round also saw participation from prominent entrepreneurs, including Flipkart Co-Founder Binny Bansal, CaratLane's former CEO Mithun Sachet... | BorderPlus, a new-age cross-border workforce mobility platform, has raised INR 60 crore (USD 7 million) in its first institutional funding round led by Owl Ventures.
The round also saw participation from prominent entrepreneurs, including F... |
| 10.02.2025 | OYO’s PAT Surges 6X To INR 166 Cr In Q3 | SUMMARY
Hospitality giant OYO’s profit after tax (PAT) jumped nearly 6X to INR 166 Cr in the third quarter ended December
The company's revenue also increased 31% to INR 1,695 Cr in the quarter
The company has achieved an adjusted EBITDA of... |
| 09.02.2025 | OYO Q3 results: Travel tech unicorn’s PAT surges nearly 6 times to ₹166 crore | Travel tech unicorn OYO recorded a profit after tax (PAT) of ₹166 crore in the third quarter ended December, up nearly six times from ₹25 crore in the year-ago period, sources said.
The company's revenue in the third quarter rose to ₹1,695 ... |
| 03.02.2025 | OYO: Billionaire’s hotel empire to make £50m UK investment | - |
| 29.01.2025 | Mankind Pharma, Gauri Khan, and Others Lead Innov8's INR 110 Cr Funding Round The funding issue was oversubscribed by 2.7 times and facilitated by InCred, with the company being valued at INR 1,000 cr... | Innov8, a leading provider of flexible workspaces and a subsidiary of OYO, has successfully raised INR 110 crore (approximately USD 13 million) in a primary funding round.
The round was led by prominent family offices, including Mankind Pha... |
| 28.01.2025 | Maha Kumbh Mela: Spiritual tourism on the rise in India, says Ritesh Agarwal, outlines Oyo’s plans to meet demand | Amid the ongoing Maha Kumbh Mela 2025 in Prayagraj, Uttar Pradesh, Oyo founder and group CEO Ritesh Agarwal took to social media on Monday to share that their hotel bookings data shows that spiritual tourism is on the rise in India and outl... |
| 22.01.2025 | L’Oréal’s VC fund, Verlinvest's V3, DSG Consumer bet on skincare brand Deconstruct | Malini Adapureddy, founder, Deconstruct
Cosmetics giant L’Oreal’s venture capital fund BOLD, Belgian investment firm Verlinvest's VC arm V3 Ventures, and Indian early-stage investor DSG Consumer Partners have joined the cap table of Deconst... |
| 21.01.2025 | ELevate 2025, the Flagship Event of Enabling Leadership Empowers Thousands of Underserved Children to Defy the Impossible and Lead | Bengaluru, Karnataka, India
Around 10,000 underserved children from 9 locations across India showcased their leadership skills over the past six months during the city qualifiers and regional finals
800 regional winners now travel to Bengal... |
| 21.01.2025 | Burma Burma and Workie Raise Capital to Fuel Growth and Strengthen Market Presence The following startups have successfully closed their investment rounds, securing capital for future growth. |
Negen Capital Leads INR 25.46 Cr Funding Round for Burma Burma
Burma Burma, a popular pan-India Burmese restaurant chain under Hunger Pangs Pvt Ltd, has raised INR 25.46 crore (USD 3 million) in its latest equity funding round.
The round w... |
| 20.01.2025 | India Digest: Veteran investors launch new VC firm; Oyo revives IPO plans | PE-VC veterans have joined hands to launch SamVed VC to back early-stage startups in India. Separately, hospitality giant Oyo is said to be reviving its IPO plans. |
| 18.01.2025 | Elon Musk Meets OYO’s Ritesh Agarwal, Other Indian Business Executives | SUMMARY
The meeting saw entrepreneurs discuss opportunities for collaboration in areas such as technology, space, AI and India's growing role in the global innovation landscape
India is one of the ancient civilizations and a very great and ... |
| 16.01.2025 | OYO’s Early Backers In Talks To Sell Partial Stake At $3.9 Bn Valuation: Report | SUMMARY
Early backers of OYO, including Lightspeed Venture Partners, are in talks with a group of family offices to sell a part of their stake in the hospitality startup
The stake sale will reportedly value the Ritesh Agarwal-led company at... |
| 16.01.2025 | India Digest: TVS to buy Ion Mobility; Oyo investors eye stake sale; ShareChat cuts jobs | TVS Motor is acquiring ION Mobility at a discount, while early investors in Oyo are in talks with family offices to sell part of their stakes in the hospitality startup. Meanwhile, Google-backed ShareChat is laying off 30-40 employees. |
| 11.01.2025 | Investor Highlights: The Biggest Startup Funding Stories This Week (Jan 03–10) This week saw significant funding activity across diverse sectors, from digital healthcare to AI-driven physical security... |
Innovaccer (USD 275 Million)
Founded in 2014, Silicon Valley-based Innovaccer is revolutionising digital healthcare. Co-founded by Abhinav Shashank, Kanav Hasija, and Sandeep Gupta, the company specialises in streamlining healthcare operat... |
| 10.01.2025 | New startup Pre6 launched by Udaan’s Amod Malviya and Rishi Kedia | Amod Malviya, a co-founder of Udaan, and Rishi Kedia, the CFO of Udaan Capital, have joined forces to form a new company named Pre6.
Pre6 was announced on LinkedIn by Malviya and Kedia. The two did not, however, reveal anything about the ne... |
| 08.01.2025 | Kingfisher beer maker UB suspends supply to Telangana; association alleges state pays 90% less than other states | BSE-listed United Breweries Ltd (UBL), maker of popular brands like Kingfisher, on Wednesday, announced the immediate suspension of beer supplies to Telangana Beverages Corporation Ltd (TGBCL) due to significant and ongoing operating losses... |
| 07.01.2025 | Oravel subsidiary Oyo Hotels and Homes reports decline in revenue in FY24 | - |
| 06.01.2025 | Инвесторы разъехались по отелям | - |
| 06.01.2025 | Hospitality Major Oyo Raises USD 65 Mn for Global Expansion and Strategic Growth Oyo plans to deploy the funds towards global expansion, including potential acquisitions, strengthening business strate... | Hospitality platform Oyo has secured INR 550 crore (approximately USD 65 million) in fresh funding from Redsprig Innovation Partners, an affiliate of its founder Ritesh Agarwal.
The infusion was approved via a special resolution to issue 12... |
| 05.01.2025 | Only married couples allowed: OYO revises guidelines, relationship proof required for check-in | Hotel booking company OYO has revised the check-in rules for partner hotels and introduced guidelines effective this year stating that unmarried couples can no longer check in, reported PTI on Sunday. The new rule will initially apply in Me... |
| 04.01.2025 | OYO Raises INR 550 Cr From Ritesh Agarwal Led Redsprig Innovation | SUMMARY
OYO has raised INR 550 Cr (about $65 Mn) from its founder Ritesh Agarwal’s Redsprig Innovation Partners
In November last year, Inc42 reported that Agarwal was looking to increase his stake in the company
OYO plans to utilise the fun... |
| 27.12.2024 | How Asian stock markets are dominating the UK on IPOs | - |
| 24.12.2024 | OYO's Bold Leap: Acquiring G6 Hospitality for $525 Million | In a bold move, OYO has set its sights on North America, acquiring G6 Hospitality for $525 million. This acquisition is not just a financial transaction; it’s a strategic maneuver that reshapes the landscape of the hospitality industry. Wit... |
| 24.12.2024 | G6 Hospitality acquired by OYO for $525 M | For $525 million, the international travel technology company OYO purchased G6 Hospitality, the owners of the Motel 6 and Studio 6 brands, from Blackstone Real Estate.
In FY26, the deal is expected to boost OYO’s EBITDA to more than Rs 2,00... |
| 23.12.2024 | OYO Expands Global Footprint with USD 525 Mn Acquisition of G6 Hospitality The acquisition adds approximately 1,500 franchised hotels across the US and Canada to OYO's portfolio, positioning the compa... | Global travel tech company OYO has announced the completion of its USD 525 million acquisition of G6 Hospitality, operators of Motel 6 and Studio 6 brands, from Blackstone Real Estate.
This strategic move marks a significant expansion of OY... |
| 23.12.2024 | Oyo buys US-based G6 Hospitality from Blackstone for $525 mn, adds 1,500 hotels | Bengaluru: Ritesh Agarwal-led Oyo has completed the acquisition of US-based G6 Hospitality, which operates the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million and the deal is projected to increase its Ebitda to ove... |
| 19.12.2024 | Blinkit Ropes In Former Flipkart Executive As CFO | SUMMARY
Kapooria was Flipkart’s vice president for business finance before joining Blinkit
With nearly two decades of work experience, Kapooria had stints at Oyo, Whirlpool, Birlasoft and Yum Restaurants International, as per his LinkedIn p... |
| 14.12.2024 | TVS Motors, Reliance Jio, Tata AIG, OYO, ONGC Videsh and HPCL win 17th BML Munjal Awards for Excellence in Learning & Development | New Delhi, Delhi, India
TVS Motors, Reliance Jio, Tata AIG, OYO, ONGC Videsh and HPCL have been adjudged winners of the 17th BML Munjal Awards for Business Excellence in Learning & Development.
L-R: Shri. Sunil Kant Munjal, Chairman Her... |
| 05.12.2024 | OYO's SUNDAY: A New Dawn in Luxury Hospitality | OYO is making waves. The hospitality giant is expanding its premium brand, SUNDAY, beyond Indian shores. This move marks a significant step in OYO's quest for global dominance in the luxury hotel sector. The first international properties h... |
| 04.12.2024 | Entrust Family Office offers complete wealth management solution to HNIs | As India’s millionaires rise, so do their aspirations—not just to grow wealth, but to ensure they create a meaningful legacy and seek all encompassing services.
Entrust, a leading multi-family office has been at the forefront of redefining ... |
| 04.12.2024 | OYO group's premium hotel brand 'SUNDAY' opens first properties abroad | In a bid to expand its premium property portfolio overseas, SUNDAY, a luxury hotel brand owned by OYO's parent firm and SoftBank Group, has opened its first properties abroad in the UK and UAE, OYO announced on Wednesday.
The initiative is ... |
| 18.11.2024 | Oyo founder Ritesh Agarwal set to invest Rs 550 crore, firm to be valued at Rs 32,000 crore | Oyo founder Ritesh Agarwal set to invest more in the company.
Oyo founder and chief executive officer (CEO) Ritesh Agarwal is set to increase his stake in the hospitality chain with an investment of Rs 550 crore, as the Gurugram-headquarter... |
| 15.11.2024 | Swiggy Ropes In Ex-Lenskart Executive Supriya Shankar As VP Of Events | SUMMARY
An alumnus of Visvesvaraya Technological University and Indian School of Business, Shankar previously worked with the likes of Lenskart, OYO, Zomato, Airtel, among others
The recently listed company is also piloting a high-priced co... |
| 05.11.2024 | Hospitality bosses warn government tax hikes will hit investment | - |
| 18.10.2024 | Апартаменты возвращаются в сервис | - |
| 11.10.2024 | IPO-bound OYO rejigs top leadership with five elevations | IPO-bound OYO on Friday announced five additions to its leadership team, with Sonal Sinha being appointed as Chief Operating Officer (COO) International and Rachit Srivastava as the COO of OYO Vacation Homes in Europe.
Besides, Shashank Jai... |
| 11.10.2024 | OYO Rejigs Operations, Tech, Revenue Leadership To Drive International Biz | SUMMARY
OYO announced that Abhinav Sinha, Global COO and chief product officer, will be shifted to an advisory role, effective January 2025
Rachit Srivastava will take over as COO of OYO’s vacation homes business in Europe, replacing Ayush ... |
| 10.10.2024 | OYO-Owned Innov8 Forays Into Managed Office Space Segment | SUMMARY
Innov8 plans to add 4 Mn square feet of managed office space in India in the coming three years
As part of its expansion bid, the startup is eyeing to build its largest managed office space project in Mumbai as part of the project
F... |
| 02.10.2024 | Ahmedabad Court Calls Sealing Of OYO’s Office Illegal, Restores Access | SUMMARY
Ahmedabad City Civil Court ordered to unseal one of the offices of the hospitality unicorn, saying the action was illegal
Following the order, the sealed office was reopened around 5 PM today on Tuesday (October 1)
Meanwhile, Inc42 ... |
| 01.10.2024 | InCred Capital to raise $50 M from family offices: Reports | Two sources familiar with the deal’s specifics claim that InCred Capital, the wealth and institutional division of the InCred Group, is in advanced talks to raise $50 million.
“The new funding round is driven by the company’s strong perform... |
| 28.09.2024 | AAHOA Welcomes OYO's Acquisition of G6 Brands | New Delhi, Delhi, India
AAHOA, the world's largest hotel owners association, welcomes OYO's recent acquisition of G6 Hospitality, which includes Motel 6 and Studio 6 brands. This acquisition signals a new chapter in the U.S. hospitality lan... |
| 24.09.2024 | OYO’s Acquisition Of Motel 6 To Take Its EBITDA Past INR 2,000 Cr Mark In FY26 | SUMMARY
The travel tech major informed its investors that the acquisition of Motel 6 and Studio 6 parent G6 Hospitality will take its EBITDA past INR 2,000 Cr, given that both OYO and G6 are EBITDA positive and command large footprints in I... |
| 24.09.2024 | Motel 6-parent G6 Hospitality acquired by OYO for $525 M | Motel 6 and Studio 6 operator G6 Hospitality has agreed to be acquired by OYO for $525 million in an all-cash deal.
According to a press release from OYO, the acquisition will see OYO take over the US-based company from Blackstone Real Esta... |
| 21.09.2024 | OYO to acquire G6 Hospitality from Blackstone for $525 million | IPO-bound OYO has agreed to acquire G6 Hospitality, economy lodging franchisor and parent company of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction.
The company has steadily expande... |
| 21.09.2024 | OYO’s US Expansion: Acquires Blackstone-Owned G6 Hospitality For $525 Mn | SUMMARY
The deal is expected to close in the fourth quarter of 2024, subject to customary closing conditions, the company said in a statement
With this buyout, OYO aims to leverage its technology, global distribution network, and marketing ... |
| 12.09.2024 | Wealthtech Startup Centricity Secures USD 20 Mn Funding, Boosting Valuation to USD 125 Mn Centricity will use its new funds to expand its tech team, enhance generative AI and insurtech solutions, and ... | Wealthtech startup Centricity has secured USD 20 million in a seed funding round led by Lightspeed, alongside notable participants such as Paramark VC, Burman Family Office, Shantanu Agarwal, and angel investors like Ritesh Agarwal (OYO), V... |
| 10.09.2024 | OYO Turns Profitable With INR 229 Cr PAT In FY24 As Employee Costs Halve | SUMMARY
OYO posted a net profit of INR 229.5 Cr in FY24 as against a net loss of INR 1,286.5 Cr in the previous financial year on reduction in its expenses
However, revenue from operations declined 1.3% to INR 5,388.7 Cr in FY24 from INR 5,... |
| 03.09.2024 | ICONIC NEW YORK CITY RESTAURANT SERENDIPITY3 OPENS NEW LOCATION IN TIMES SQUARE AS IT CELEBRATES 70TH ANNIVERSARY | Serendipity3 Brings Customers A Modern Take on the Wonderfully Eclectic Original Location & Officially Opens Its Doors on September 5th.
NEW YORK, Sept. 3, 2024 /PRNewswire/ -- Serendipity3 restaurant, the iconic New York City landmark ... |
| 01.09.2024 | Startup receives Rs 250 Cr investment from Yubi founder Gaurav Kumar | Gaurav Kumar, the CEO and founder of the fintech unicorn Yubi (formerly CredAvenue), has contributed Rs 250 crore ($30 million) in equity capital to his startup. This represents one of the biggest investments a founder has made in a tech co... |
| 27.08.2024 | SoftBank’s Sumer Juneja joins Oyo board as non-executive director | Hospitality major Oyo has officially appointed Sumer Juneja as a non-executive director. The development comes a month after he joined the firm’s board as additional director, representing SoftBank.
The board at Oyo has passed a resolution ... |
| 26.08.2024 | Yubi founder Gaurav Kumar invests Rs 250 Cr in the company | Fintech unicorn Yubi (formerly CredAvenue) founder and CEO Gaurav Kumar has invested Rs 250 crore ($30 million) in equity capital in his startup. This makes one of the largest capital infusions by a founder in a technology company in recent... |
| 17.08.2024 | This Week's Best Startup Funding: August 10–16 Here is a list of the startups that have raised the most money this week, from August 10 to August 16. | Zepto: Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto excels in quick commerce in India, delivering groceries, electronics, and essentials within 10–20 minutes. Operating in major cities like Bengaluru, Delhi, and Mumbai, the st... |
| 16.08.2024 | Deals Digest: Funding momentum slows but Warburg Pincus, OYO close key deals | Premium
Credit: 123RF.com
The amount of capital raised by Indian companies from private equity and venture capital investors slipped this week, despite a couple of significant transactions involving OYO and Ebco. The overall funding value t... |
| 16.08.2024 | Deals in brief: Antler invests in Nebu, SMI Vantage secures Whisky Cask Club stake, 14 China and India deals, and more | Antler invests USD 110,000 in Nebu
Nebu, an artificial intelligence startup, has received a USD 110,000 investment from venture capital firm Antler as part of the investors’ Malaysia residency program, according to e27.
The startup plans to... |
| 14.08.2024 | Oyo raised nearly $175 M Series G funding from multiple investors | ASK Financial Holdings, InCred Wealth, Patient Capital, J&A Partners, the family office of Mankind Pharma promoters, and other investors contributed Rs 1,457 crore (about $175 million) to the hospitality giant Oyo in a Series G round.
A... |
| 12.08.2024 | OYO Secures INR 1,457 Cr in Series G Funding Round The Series G round had an initial raise of INR 416.85 crore, followed by the additional INR 1,040 crore, concluding the round with substantial backin... | Hospitality provider OYO has announced that it raised INR 1,457 crore (nearly USD 175 million) in a Series G funding round, closing out the round with a substantial boost from several high-profile investors.
The funding effort was spearhead... |
| 12.08.2024 | Founder Ritesh Agarwal invests Rs 830 Cr in OYO's latest funding round
Recommended Stories For You | Founder Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO's latest funding round—wherein the travel tech platform raised Rs 1,457 crore, sources said.
Post the equity dilution in the Series G... |
| 12.08.2024 | Oyo Raises $175 Million in Latest Funding Round, Valuation Sinks to $2.4 Billion | Hospitality company Oyo, once a beacon of India’s startup ecosystem, has seen its valuation drop from a peak of $10 billion in 2019 to $2.4 billion in its latest funding round.
The hospitality company raised INR 14.5 billion (approximately ... |
| 12.08.2024 | Religious tourism fuels India’s retail boom | - |
| 11.08.2024 | OYO's Funding Surge: A New Chapter in Hospitality | OYO, the hospitality giant, is back in the spotlight. It has successfully raised Rs 1,457 crore, roughly $175 million, in its latest funding round. This marks a significant moment for the company, which has faced its share of challenges in ... |
| 11.08.2024 | Oyo raises nearly $175 Mn in Series G round | Hospitality major Oyo has raised Rs 1,457 crore (nearly $175 million) in a Series G round from a group of investors including InCred Wealth, Patient Capital, J&A Partners, the family office of Mankind Pharma promoters and ASK Financial ... |
| 11.08.2024 | OYO raises Rs 1,457 Cr in latest funding round
Recommended Stories For You | Oravel Stays Ltd, the parent company of OYO, has raised Rs 1,457 crore from a consortium of investors in the latest funding round, sources said.
The IPO-bound unicorn has raised nearly Rs 1,040 crore in the Series G funding round. This fo... |
| 06.08.2024 | OYO Parent Plans To Launch 25 SUNDAY Hotels To Boost Its Premium Portfolio | SUMMARY
SUNDAY Hotels, a premium brand under OYO, plans to launch 25 new hotels across key travel destinations in India by March 2025.
The expansion includes immediate launches in Gurgaon, Manesar, and Corbett, having already launched in Ja... |
| 05.08.2024 | VC funding in July rises by 103%, crosses $1B mark
Recommended Stories For You | Venture Capital (VC) funding into Indian startups on crossed the $1 billion mark on a month-on-month basis for three months in a row, and this augurs well for the ecosystem which seems to be slowly stepping away from the funding winter.
The... |
