Oyo's parent company, PRISM (previously Oravel Stays), withdrew its intricate bonus share plan after investors questioned its peculiar eligibility requirements and structure. The strategy, which tied shareholder compensation to Oyo's IPO success and a time-bound election process, will now be replaced by a more straightforward bonus
In order to better represent its enlarged worldwide portfolio and long-term vision, Oravel Stays Ltd., the parent company of the lodging chain OYO, relaunched itself as PRISM. On September 7, the firm declared that the OYO brand would remain its primary consumer-facing identity in the low-cost hospitality sector. OYO was
The hospitality giant OYO has apparently resumed talks for its public offering amidst the persistent rumours surrounding its IPO. The company plans to submit its draft red herring prospectus (DRHP) to SEBI between August and September of this year. According to a news agency citing sources, the firm has had
With an emphasis on Townhouse by OYO-branded hotels, Oyo has declared its intention to enter the food and beverage industry. It plans achieve this goal by establishing in-house kitchens and Quick Service Restaurant (QSR) carts/lobby stores at its company-serviced hotels, the firm said on May 1. According to Oyo,
The complainant claims that OYO gave "inaccurate information" that led to the notices. The FIR cites a number of people in addition to OYO and Agarwal for criminal conspiracy, forgery, cheating, and criminal breach of trust under the Bharatiya Nyaya Sanhita (BNS).
📄Company Profiles
In the earlier days, the hospitality industry operated on a localized scale, limiting itself to specific areas. People often discovered accommodations only upon reaching their destination or relied on agents for lodging during travel. The unbranded nature of this industry introduced uncertainties, which were subsequently addressed and reshaped during the
OYO, a travel tech platform, is speeding up its plans for an IPO as it approaches a significant deadline for year-end debt payments. A media agency reported that if the business doesn't go public by October, creditors, notably Mizuho Financial Group Inc., are putting pressure on founder Ritesh
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OYO Rooms, also known as OYO Hotels & Homes is the third-largest hospitality chain by room count providing a comfortable room stay and ensuring the acceptability of the services by the OYO's customers in more than 80 nations. Incorporated in 2013 by Ritesh Agarwal (one of the youngest
According to media citations, hospitality startup Oyo has begun preparing its draft red herring prospectus (DRHP), which would be its third attempt to go public, by the first quarter of the upcoming fiscal year. Ritesh Agarwal, the founder, is currently rearranging his shareholdings, which is connected to the upcoming IPO.
The Ghaziabad Police have closed more than 50 hotels for "fraudulently" utilising OYO's name, according to a statement released by the travel booking website. The action follows the filing of a formal complaint by the business and the submission of a police report to the licensing
One of the top travel and hotel booking websites in India, OYO, announced a significant policy change for its partner hotels on 5th January. The new rules state that unmarried couples would no longer be permitted to check in at the establishments. According to the corporation, the new regulation will
Ayush Mathur, an early team member of the hotel and travel-tech company OYO, and Mayank Kumar, an education leader and co-founder of upGrad, have joined forces as co-founders to develop BorderPlus, a talent mobility platform that links blue-collar workers to opportunities throughout the world. After working at the Parthenon Group
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OYO is a global platform involved in technology for small businesses and entrepreneurs in the hospitality industry to enhance their revenue and operations. It is a means to provide affordable, easy, and trusted accommodations to guests around the world. OYO has more than 40 integrated products and services that comprise
Blinkit, Zomato's fast commerce subsidiary, has implemented a novel feature that enables users to eliminate order history from their accounts. Albinder Dhindsa, the CEO and originator of Blinkit, disclosed the advancements on LinkedIn, a networking platform. Dhindsa stated in a post that the feature was introduced last week
Motel 6, a motel business in the United States, was recently acquired by OYO from Blackstone Real Estate for a price of $525 million. As a consequence of this, the Indian hotel aggregator would acquire almost 1400 properties located around the United States. It was announced on September 20, 2024,
* Challenge organized in partnership with Nas.io and Back To Back SWE * Five startups awarded Rs 10 lakh equity-free grant * Founders get chance to directly interact with Agarwal and seek feedback 16th September 2024, New Delhi: Ritesh Agarwal, founder & group CEO of travel-tech company OYO, recently joined forces with
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Ritesh Agarwal, the visionary entrepreneur behind OYO, has become a trailblazer in the hospitality industry, changing how people view and experience budget accommodations worldwide. From a small-town dreamer to the head of one of the world's fastest-growing hospitality chains, his journey speaks to his persistence, strategic thinking, and
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The startup industry in India is growing faster than we could have imagined. They are now paving a new way for the future of India. Some popular startups that caught the eyes of everyone in the past few years are Zomato, BYJUs, Nykaa, and more. These are living proof of
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Startups based on rental apps (for handheld devices and computers) provide services to people for leasing cars, bikes, rooms, homes, or heavy equipment. Rental startups are there to facilitate a way for people to experience something without owning it. One can think of driving that dream car or bike for
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The hospitality sectors without a doubt are a huge industry offering an amazing range of challenges and excellent roles if one is thinking to start a career in this sector. Thanks to the boom in the economy and a sizeable population with standard income, this industry is growing immediately. Speaking
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With the evolving digital platforms, the world is growing as well. And so the business industries, several startups and established businesses are shifting completely to digitalization. Digital media is providing all kinds of features and facilities for businesses to develop enormously. In fact, many business owners have made digital their
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A traveller, a tourist and a first-time backpacker. These three have something in common despite their differences in experience. They all want a peaceful night to stay after having a long walk to someone's dream place or to a normal visit or a trip. The business of giving
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Indians are fixated on the startup culture. People are choosing entrepreneurship over mundane, 9-to-5 jobs. However, not everyone succeeds as an entrepreneur. A survey revealed that approximately 11% of the Indians are engaged in 'early-stage entrepreneurial activities'. And only 5% of these early-stage entrepreneurs actually went on to