Oyo

SoftBank-backed Oyo seeks to resurrect IPO after growth resumes

Oyo Hotels, the once high-flying Indian startup, is reviving plans for a stock-market debut after cost cuts and a recovery in travel helped it reduce losses.

India's Oyo Hotel startup eyes US$9b IPO valuation

India's Oyo Hotel startup eyes US$9b IPO valuation

OYO Hotels, the once hard-charging Indian startup that struggled during the pandemic, is eyeing a valuation of about US$9 billion in its initial public offering after preliminary conversations with po...

SoftBank-backed Oyo files draft papers for US$1.14b IPO

SoftBank-backed Oyo files draft papers for US$1.14b IPO

[BENGALURU] SoftBank-backed Indian hotel aggregator Oyo filed for a US$1.14 billion initial public offering (IPO) on Friday, becoming the first hospitality company in the country to seek a domestic st...

SoftBank-backed Oyo to file for US$1b IPO next week

SoftBank-backed Oyo to file for US$1b IPO next week

SOFTBANK-BACKED Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to raise around US$1 billion, the Economic Times reported, citing ban...

Oyo has US$1b to fund operations until IPO, CEO tells employees

Oyo has US$1b to fund operations until IPO, CEO tells employees

[BANGALORE] Ritesh Agarwal, founder and chief executive officer of Oyo Hotels, told employees the Indian startup is making progress in recovering from the coronavirus fallout and has about US$1 billio...

SoftBank's big bet on sharing economy backfires with coronavirus

SoftBank's big bet on sharing economy backfires with coronavirus

[TOKYO] Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus...

Oyo sees signs of recovery in China after coronavirus outbreak

Oyo sees signs of recovery in China after coronavirus outbreak

[NEW YORK] Oyo Hotels and Homes has started to see a recovery in bookings in China, its second-largest market, as the coronavirus outbreak eases up in some parts of the country, the Indian hospitality...

Grab in talks to invest US$100m in Indian hotels startup Oyo: report

Grab in talks to invest US$100m in Indian hotels startup Oyo: report

[BENGALURU] Singapore-based ride hailing firm Grab is in advanced talks to invest US$100 million in Indian hotel-reservations startup Oyo, the Economic Times reported on Monday, citing two people brie...

SoftBank's sharing economy bet backfires with coronavirus outbreak

SoftBank's sharing economy bet backfires with coronavirus outbreak

[NEW YORK] Masayoshi Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices.

Oyo is not wasting the WeWork crisis

Oyo is not wasting the WeWork crisis

[MUMBAI] Oyo Hotels & Homes is making the most of its crisis. Ritesh Agarwal's Indian startup is cutting 5,000 jobs, focusing on profitable growth, and improving governance. That might deflate the bud...