Tag: oyo
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…
oyo: Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees
Hospitality and travel-tech firm Oyo expects a consistent rise in its Profit After Tax (PAT) after doubling it sequentially in Q3 FY24 to Rs 30…
lightspeed: Lightspeed appoints Vivek Gambhir, Kevin Aluwi as venture partners for India, Southeast Asia
Venture capital firm, Lightspeed Venture Partners, which has backed the likes of ShareChat, Oyo, and Udaan, has appointed Vivek Gambhir and Kevin Aluwi as venture…
oyo debt prepay: Oyo to prepay over Rs 1,600 crore debt via buyback
Global travel-tech player Oyo is set to prepay a significant chunk of its debt amounting to Rs 1,620 crore through a buyback process. The buyback…