OYO Brings European Vacation Rental Brand Dan Center To India
Oravel Stays, the parent company of travel technology firm OYO, has introduced its European holiday home brand, DanCenter, to the Indian market. The brand’s debut in India begins with luxurious villas in Siolim, North Goa. This marks a significant expansion of OYO’s footprint in the country’s hospitality sector. DanCenter: A Legacy In Holiday Home Rentals […]
Oyo Adding 500 Hotels Across Religous Hubs In India
Oyo has announced that it will add 500 Hotels in Ayodhya, Puri, and other religious places in India. The hospitality Tech Start-up is planning to leverage the growing spiritual tourism in India, especially after the opening up of Ram Temple in Ayodhya. Oyo is keeping a special focus on Ayodhya as it plans to add […]
OYO IPO Details – Open Date, Price Band, GMP
OYO is preparing to launch its IPO. The hospitality start-up plans to file a DRHP(Draft Red Herring Prospectus) with SEBI. OYO IPO aims to raise ₹8,430 crores. This will include an offer for sale of about Rs. 1,430 crores and a fresh issue equity share sale of Rs. 7,000 crores. Let’s explore various aspects of […]
Oyo Opening A New Hotel In Every 2-3 Days In Rajasthan
Oyo is rapidly expanding in Rajasthan. The travel aggregator is opening a new hotel every 2-3 days. It also plans to build a back office to support its international operations, Ritesh Agarwal, the CEO of Oyo mentioned during the Rising Rajasthan Summit on Tuesday. According to the CEO, nearly 1 lakh people book their rooms […]
Oyo Adds 700 Company Serviced Hotels In 1 Year
The global leader in hospital technology has announced its huge growth in the Company Serviced Hotel Category. Within just 1 year of launch, Oyo:- Thus resulting in positive feedback from customers and consistent financial returns by hotel owners. Countering Mismanagement & Inefficiency Been criticized long enough for its operations and management, till now hotel intermediary […]
Oyo’s In Depth Financial Analyis of FY 24 Statements.
Softbank Backed Oyo has always been one of the most in-demand companies in the eyes of investors. This holds true, especially since last year when the hospitality chain increased its operations with a turnaround in Oyo’s profitability. This blog covers an in-depth analysis of Oyo Financials 2024. Revenue performance & growth Oyo’s revenue from operations […]
OYO Aquires US Motel Chain In $525 million All-Cash Deal
Oravel Stays, the parent company of the Indian travel technology company OYO, has acquired G6 Hospitality for $525 million in an all-cash deal. G6 Hospitality is an American company that has franchised iconic brands like Motel 6 and Studio 6, and it is owned by Blackstone Real Estate. This deal is expected to close in […]
Oyo Acquires French Start-Up Check My Guest In Cash & Stock Deal
OYO, the global hospitality company, has recently expanded its portfolio by acquiring Checkmyguest, a Paris-based premium rental homes provider. The deal, valued at INR 230 Crore (approximately $27.4 Million), involves both cash and stock components. This strategic move follows closely on OYO’s recent funding round. The company raised INR 1,457 Crore (about $175 Million) in […]
Oyo Secures Rs 1457 Cr Funding, Ritesh Agarwal Invests
Oyo, a leading player in the hospitality industry, has successfully raised ₹1,457 crore (approximately $175 million) in a Series G funding round. This latest investment comes from a diverse group of investors, including InCred Wealth, Patient Capital, J&A Partners, the family office of Mankind Pharma promoters, and ASK Financial Holdings. Strategic Investment Utilization Oyo plans […]
Oyo Posts First Ever Annual Profit Of Rs 229 Crore In FY 2024
Hospitality unicorn Oyo has reported its first-ever profit after tax (PAT) of about Rs 229 crore for the financial year 2023-24 (FY24), as revealed in its latest annual report. The company stated that this remarkable turnaround comes on the heels of eight consecutive quarters of positive Adjusted EBITDA, demonstrating the company’s sustained financial improvement. OYO […]
