Oyo

Indian corporations poised to become large brand owners in US: Oyo CEO

Indian corporations are poised to become large brand owners in the US, shifting American consumers' perception about India's soft power well beyond Bollywood and IT, founder and CEO of Oyo-parent firm PRISM Ritesh Agarwal said, stressing the importance of technology, as he underlined that "India's time is now". Agarwal noted that India is the second biggest office for 'FAANG' - an acronym for five of the most prominent US technology companies: Facebook (Meta), Amazon, Apple, Netflix, and Google. Agarwal highlighted that his company has "very aggressively" expanded its international footprint and now makes the most amount of sales globally in the United States. "We are also the single largest economy hotel brand owner here in the US, with the acquisition of Motel Six," he said. In 2024, OYO completed its USD 525 million acquisition of G6 Hospitality, the parent company of the US hospitality brand Motel 6, the largest owned-and-operated hotel chain in North America. "I feel we are go

Oyo's parent Prism gets Sebi nod for ₹6,650-crore public listing: Report

Prism had submitted its draft IPO papers to Sebi through the confidential filing route in late December 2025

OYO parent PRISM gets Sebi nod for ₹6,650-crore IPO, eyes next filing

The hospitality technology company is expected to file its updated draft prospectus by early July as it evaluates market conditions and listing timelines

IPO-bound Oyo parent PRISM appoints ex-Sebi chairman Ajay Tyagi to board

IPO-bound OYO's parent entity PRISM on Wednesday announced the appointment of former SEBI Chairman Ajay Tyagi as an Independent Director on its Board. His appointment comes as PRISM aims to further strengthen its board and governance framework as it strives to grow and access the public markets. "Tyagi joins an experienced board with expertise across governance, consumer businesses, technology and strategic investments," OYO said in a statement. The board comprises Independent Directors, including William Steve Albrecht, the Dr Jay H Price/Arthur Andersen Endowed Professor of Accountancy at Utah State University; Troy Matthew Alstead, former CFO and group president of Starbucks Corporation; Deepa Malik, Padma Shri awardee; Bejul Somaia, partner at Lightspeed Venture Partners; Sumer Juneja, Non-Executive Nominee Director and Managing Partner at Softbank Investment Advisers; and Aditya Ghosh, Non-Executive Nominee Director and Co-Founder of Akasa Air. Ritesh Agarwal, Founder, PRISM .

Oyo parent Prism gets shareholder nod to raise ₹6,650 crore via IPO

Oyo parent Prism has received shareholder approval to raise Rs 6,650 crore through an IPO, sources said. Shareholders also cleared a 1:19 bonus issue, pending approval

Oyo Assets raises ₹125 crore in fresh funding round led by InCred

OYO parent PRISM-backed OYO Assets has raised Rs 125 crore in a fresh funding round from a clutch of institutional and private investors led by InCred, according to sources. OYO Assets, also known as Sunday PropTech, is focused on acquiring and developing hotels in India across premium and mid-premium segments. The equity infusion will enable OYO Assets (Sunday PropTech) to expand its presence in key leisure and business destinations and enhance its asset management capabilities. The funding amount in the latest round stands at Rs 125 crore, people aware of the development said. "The early performance of the portfolio demonstrates resilience, consistent cash flows, and clear unit-level profitability in a sector that is increasingly attracting organised capital. Sunday PropTech stands out for its coherent strategy and its ability to execute with precision. This capital raise strengthens the platform's ability to acquire high-quality assets at scale while maintaining robust financial

Oyo parent PRISM announces new, simplified bonus plan for all shareholders

The revised bonus structure aims to ensure transparency and equal participation for all shareholders, including CCPS holders, as PRISM prepares for its next phase of growth

Oyo's parent PRISM increases authorised share capital ahead of planned IPO

IPO-bound OYO's parent firm PRISM has initiated a fresh round of corporate actions, including an increase in its authorised share capital as part of its preparations for a potential public listing, sources said on Thursday. In August, PTI had reported that OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, according to sources. The company has proposed to increase its authorised share capital from Rs 2,431.13 crore to Rs 2,433.13 crore by adding 20 lakh CCPS (Compulsarily Convertible Preference Shares) of Rs 10 each. This follows earlier shareholder approvals in August and September 2025 for capital expansion linked to IPO readiness and other fund-raising activities. The current proposal is to further increase the authorised share capital to accommodate the issuance of bonus CCPS. In a communication to shareholders, OYO said, "The increase in the authorised share capital is in addition to the earlier increase in t

PRISM-backed Sunday PropTech to acquire 12 hotels in FY26 expansion push

The OYO Assets firm aims to expand its premium and mid-premium portfolio, with acquisitions funded through a mix of debt and equity backed by InCred, Analah, and SoftBank

OYO Assets plans to acquire 12 hotels, expand premium, mid-premium segment

OYO parent PRISM-backed OYO Assets, on Wednesday, said it plans to acquire 12 hotels in the second half of this financial year to scale its portfolio of premium and mid-premium hospitality assets. OYO Assets, also known as Sunday PropTech, said that out of the 12 targeted acquisitions, seven hotels are in advanced stages of acquisition. "The portfolio of acquisition will be funded through a mix of debt and equity, leveraging the company's strong balance sheet and investor support from an InCred and Analah-led consortium, along with PRISM Life and its shareholders such as SoftBank," OYO said. Saurav Agarwal, Board Member, Sunday PropTech, said its focus is on properties in good locations with strong return potential. "The need for high-quality premium and mid-premium hotels, coupled with a growing interest in travel, has been increasing significantly, and we see compelling opportunities to deploy capital in this space," Agarwal added. Beyond its immediate expansion plans, OYO Asset

Oyo parent Prism announces leadership realignment for global growth

Ankit Tandon elevated as COO and CEO-Europe; leadership changes align with PRISM's IPO plans and premiumisation strategy across global markets

Oyo parent PRISM rejigs top leadership, appoints Ankit Tandon as global COO

Travel-tech platform OYO's parent firm PRISM on Friday announced rejig in its leadership team with the elevation of Ankit Tandon as Chief Operating Officer of PRISM and CEO, Europe and Varun Jain being appointed as COO-Asia PRISM. Tandon is currently the CEO of OYO Vacation Homes, while Jain is presently the COO-India, PRISM. In his expanded role, Ankit will oversee business performance and operations for PRISM worldwide, including brands such as Belvilla, DanCenter, Sunday Hotels, and others, according to OYO. "He will also lead Europe, including the UK, which is primarily a hotels market, as well as the US, encompassing G6 Hospitality, the parent company of Motel 6 and Studio 6," OYO said, adding that he will also continue to lead PRISM's Vacation Homes business, including recent additions such as CheckMyGuest (France) and MadeComfy (Australia). Puneet Yadav, UK Country Head, will report to Ankit, while Sonal Sinha, CEO - G6 Hospitality, based in Dallas, will work closely with An

OYO-owned Innov8 revenue jumps 58% to ₹38 crore in June quarter

OYO Group-owned co-working firm Innov8 has posted 58 per cent increase in its revenue for June quarter FY26 at Rs 38 crore on better demand for managed office spaces. Its revenue stood at Rs 24 crore in the year-ago period. In a statement on Tuesday, the company said its profitability also strengthened, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surging to Rs 8 crore from Rs 3 crore year-on-year. During 2024-25 fiscal, Innov8 revenue surged to Rs 123 crore from Rs 75 crore in the preceding year. EBITDA also improved to Rs 70 crore from Rs 47 crore. The profit stood at Rs 7 crore in the last fiscal. Innov8 attributed the growth in revenue to an improvement in average monthly membership revenue (AMMR) per seat, which increased by 21 per cent year-on-year to Rs 10,000. "This sustained momentum in Innov8's revenue growth and profitability is driven by asset-light model that leverages landlord-led capex for capital-efficient expansion, and its ability

Oyo's premium brand 'Sunday' to add 40 new upscale hotels in FY26

IPO-bound OYO's parent firm Prism is fast-tracking the growth of its premium hotel brand Sunday, with plans to add 40 new upscale properties, including 4-star and 5-star hotels, across India in the current financial year. As part of its expansion strategy, Sunday Hotels is focusing on a mix of metro markets and non-metro cities, while also targeting tourism hotspots, including wildlife sanctuaries and prominent religious destinations. Gujarat, Uttar Pradesh, and Rajasthan are set to drive Sunday Hotels' expansion in FY26, together contributing over 40 per cent of the brand's upcoming portfolio. "Sunday blends global hospitality expertise with localised operations and cutting-edge technology, creating a flexible and profitable model for both seasoned hotel owners and entrepreneurs across India," Aditya Sharma, Business Head, Sunday Hotels and Resorts, told PTI. The brand is in advanced discussions with leading hotel owners to bring Sunday Hotels to prime locations in Mumbai, Hyderab

Oyo parent Oravel Stays rebrands to Prism to reflect global portfolio

Oravel Stays, parent of Oyo, has rebranded to PRISM, a new identity uniting its growing portfolio across budget stays, premium hotels, vacation homes and tech solutions

Oyo renames parent entity Oravel Stays to Prism to unify global brands

IPO-bound OYO's parent entity, Oravel Stays, will now be called Prism to serve as the umbrella entity for all its businesses and bring together various brands of the global travel tech platform. In a letter to shareholders sent by OYO, accessed by PTI, Chairman of the Board and founder Ritesh Agarwal mentioned that Oravel Stays will launch Prism Life, in short Prism, as its new corporate identity. "Prism will serve as the umbrella for all our diverse businesses, helping us work more efficiently and clearly communicate who we are. It will tie together our different brands without losing what makes each one unique," Agarwal said in the letter. He further shared that the transition to Prism marks the establishment of a clearer and more future-ready corporate architecture, designed to align the company's expanding portfolio with its strategic vision. "Our OYO brand will continue to serve as the highly recognisable, consumer-facing identity for budget and midscale travel, a space it has

Oyo likely to file DRHP in November, targets $7-8 bn IPO valuation

Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI. When reached out, a company spokesperson said, "While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders". According to sources, discussions with key banking partners have ramped up in recent weeks, with valuation guidance now pegged at USD 7-8 billion ( around Rs 70 per share), potentially in the range of 25-30 times the EBITDA. "The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sach

Building a $125M Business Backed by Dhoni & Ritesh

Aditya Shankar, Co-founder of Centricity WealthTech, shares how he built a $125 million WealthTech firm, lessons from corporate life, and what it’s like to have MS Dhoni and Ritesh Agarwal as investor

OYO's Ritesh Agarwal invests in luxury fashion startup Culture Circle

With 1 million monthly users, Culture Circle eyes global expansion and retail growth after raising fresh funds from Ritesh Agarwal at over ₹100 crore valuation

IPO-bound Oyo partners Yatra to expand its business travel offerings

IPO-bound travel-tech unicorn OYO on Thursday announced its partnership with travel agent platform Yatra to strengthen its presence in the business travel segment particularly in key centres such as Delhi-NCR, Mumbai, Bengaluru. As part of this alliance, more than 500 company serviced hotels of OYO have already been on-boarded for the first time on Yatra's platform. It includes hotels under mid-premium and premium brands such as SUNDAY, Palette, Clubhouse, Townhouse, Townhouse Oak and Collection O for business travellers across India. OYO is planning to add 1,000 more company serviced hotels for booking on Yatra's platform by September this year, the company said in a statement. This will strengthen Yatra's inventory, especially in emerging metros where the demand for quality accommodation is surging due to increased business travel, it added. According to estimates, India's business travel spending reached USD 38.2 billion in 2024, reflecting robust growth and positioning the cou