Tag: oyo
Oyo acquisition G6 Hospitality: Oyo completes G6 Hospitality acquisition from Blackstone Real Estate for $525 million
Hospitality startup Oyo has completed the acquisition of US-based lodging franchisor G6 Hospitality, the parent company of Motel 6 and Studio 6 brands, from Blackstone…
Nuvama Wealth acquires shares worth ₹100 crore in Ritesh Agarwal’s OYO
Nuvama Wealth and Investment Limited has acquired shares worth 100 crore in OYO’s parent company Oravel Stays Limited at ₹53 apiece, on behalf of its…
Oyo’s valuation at $ 4.6 billion after Nuvama Wealth acquires Rs 100 crore stake
Oyo’s valuation is at $ 4.6 billion after Nuvama Wealth and Investment Limited acquired shares worth Rs 100 crore in Oyo parent Oravel Stays Ltd…
Oyo founder Ritesh Agarwal to invest ₹550 crore into the company for global expansion
Nov 18, 2024 02:01 PM IST Oyo acquired US-based hospitality chain Motel 6 and Studio 6 from Blackstone Real Estate for $525 million in September…
Oyo: Oyo reports Rs 158 crore net profit in Q2: founder Ritesh Agarwal
Travel tech platform Oyo achieved a profit after tax of Rs 158 crore in the second quarter of the current fiscal ended September, founder Ritesh…
Abhishek Gupta: Former Oyo exec Abhishek Gupta joins Lenskart as CFO
Hospitality startup Oyo’s former group chief financial officer, Abhishek Gupta, has joined omnichannel eyewear retailer Lenskart as its CFO. “After 9 amazing years at Oyo,…
Oyo to buy iconic hotel chains Motel 6 and Studio 6 for $525 million for US expansion
Homegrown hotel giant Oyo is purchasing Motel 6, one of America’s most recognizable lodging brands for $525 million from global investment management conglomerate Blackstone’s real…
Oyo: Blackstone sells US motel chain G6 Hospitality to Oyo in $525 million all-cash deal
Oravel Stays, the parent company of the travel company Oyo, said it has agreed to acquire G6 Hospitality, a lodging franchisor and parent company of…
OYO raises ₹1,457 crore in latest funding round for growth and global expansion
Oravel Stays Ltd, the parent company of OYO, has raised ₹1,457 crore from a consortium of investors in the latest funding round, sources said. OYO…
Oyo IPO: Oyo may back out of IPO plan, opt for private raise
Oyo Hotels & Homes, which first filed a draft application for an initial public offer (IPO) of over $1 billion in October 2021, is finalising…