Page 9 - Oyo

Varanasi, Tirupati, Puri among top pilgrimage destinations in India: OYO

Varanasi, Tirupati, Puri, Amritsar and Shirdi have emerged as the top pilgrimage destinations, according to a report by travel tech firm OYO. The report titled 'India's Treasure Trove of Cultural Travel 2022' said with over 3.5 times growth over the past year, Srinagar clocked the highest growth in bookings among cultural destinations in 2022. Besides Srinagar, Pahalgam and Jammu in J&K also ranked among the top cultural destinations in India, the report released on Monday said. As per OYO's booking data analysed between January to April 2022, Srinagar, Pahalgam, Bodhgaya, Shirdi and Jammu are among India's top five cultural destinations in order of ranking. "Varanasi, seen by many as the spiritual hub, tops the chart as the most popular pilgrimage destination in India in 2022. This is followed by Tirupati, Puri, Amritsar and Shirdi. Besides this, OYO's Mid-Summer Vacation Index also highlights keen consumer interest in visiting Vaishno Devi this summer," it said. As per the ...

Fitch downgrades OYO's ratings over uncertainty in making profit

Rating agency expects the company's FY23 revenue to increase by around 30%, lower than its forecast.

Biz travel sees revival as OYO adds 1,250 new corporate clients since Mar

Small and medium businesses continue to contribute significantly to the business travel bookings as more and more people from this segment opt for physical interactions

OYO plans IPO after September, may settle for lower valuation: Report

OYO's move to launch the IPO after the September quarter is mainly driven by the expectation of improvement in its financial performance and the current volatile nature of the market

All the world's a stage for unicorns

In 2021, when the buzz is around start-ups going for IPOs and celebration of Indian entrepreneurship, it's also time to acknowledge the role of global players in the journey to stardom

Hotel and restaurant body asks Sebi to axe Oyo's IPO citing massive losses

The FHRAI on Wednesday urged SEBI to call off online hospitality major Oyo's initial public offering (IPO), citing the massive losses suffered by the hotel rooms aggregator in recent years

OYO completes acquisition of Europe-based company Direct Booker

Direct Booker has over 3,200 homes and serviced 2 million customers so far, OYO said in a statement

Valuations are temporary, values are forever: OYO CEO Ritesh Agarwal

Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, travel and hospitality technology platform OYO's Founder and Group CEO Ritesh Agarwal said on Monday. Commenting on India crossing the 100 unicorns mark, in a post on Twitter, he said it is "not just a milestone but a stepping stone that lays the path for the next 1,000 unicorns." Retweeting his video message posted by Startup India, Agarwal said, "I am bullish on Indian entrepreneurs taking the world by storm. Founders should remember that valuations are temporary, values are forever. Focus on doing good & stay grounded." In the video message, he said it seems like India is not walking anymore when only one or two unicorns were added a year. "We are now sprinting towards glory to make India the largest entrepreneurial ecosystem in the world," he said. He listed out the presence of entrepreneurs and markets in Tier II, III and IV towns in ...

OYO completes acquisition of Europe-based Direct Booker for $5.5 mn

OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever

India's small towns hotbeds of entrepreneurship: OYO chief Ritesh Agarwal

"The new young India that is building their businesses, is aspiring to build sizable world champions in the consumer segments that they operate," Agarwal said

OYO hits weekend with over 300K bookings; surpasses New Year's bookings

OYO also observed a 134 per cent jump in weekend vs weekday bookings during the festive weekend in 2022 vs 111 per cent in 2019.

Oyo rejigs top brass ahead of IPO, replaces CEO of India business

Kapoor, Tandon, and Gupta will take on their new responsibilities effective from April 1, 2022

SoftBank-backed Oyo to weigh 50% smaller IPO amid market turmoil: Report

Oyo made preliminary filings in September aiming for an IPO in early 2022

Oyo appoints former PayU exec Prakash Padariya as cyber security head

He has more than 19 years of experience across geographies with extensive expertise in corporate security consulting, cyber security, cyber warfare, vulnerability assessment

Upstox ropes in Myntra, Oyo executives to bolster leadership team

Harish Narayanan joins as Chief Growth Officer, Jayant Chauhan as Senior Vice President-Finance and Saurabh Agarwal as Vice President-New Initiatives

Oyo IPO: Delhi HC rejects Zostel's petition for stake in firm

The root of the dispute between IPO bound Oyo and Zostel lies in a failed buyout deal 6 years ago, which Zostel claims was binding on Oyo.

Oyo founder Ritesh Agarwal's family office funds agritech startup Agrowave

Anu Meena, an IIT Delhi alumni started Agrowave to solve the problem faced by her grandfather and millions of farmers in selling their fresh produce.

Sensex falls 554 pts, Nifty below 18,150 amid rising bond yield, oil prices

In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively

Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon

The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year

SoftBank-backed Oyo to target $9-bn valuation in IPO: Report

The valuation Oyo is targeting would be lower than the $12 bn initially reported last year, which reflects Oyo's financial struggles and a more measured appetite for IPOs following Paytm debacle