Tag: oyo

israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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Nuvama Wealth and Investment Limited paid <span class=
Posted in Business

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…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi(Reuters)
Posted in Business

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…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

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…

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Growfast
Posted in Startups

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,…

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The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi.(Reuters)
Posted in Business

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…

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Growfast
Posted in Startups

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…

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OYO has raised <span class=
Posted in Business

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…

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Posted in Startups

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…

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