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 […]
OYO Will Add 1500 Super OYOs By The End Of FY24- Possible Plans Of The Company
OYO, a global hospitality-tech firm, is expected to add 1500 Super OYOs by the end of the financial year 2024.
OYO Expects To Achieve EBITDA Of Rs 800 Crore In FY24
For the first time in the fourth quarter of FY23, OYO reported a positive cash flow. In the town hall virtual meeting, OYO founder and CEO Ritesh Agarwal shared updates with the employees about the growth in the positive cash flow as compared to the last quarter of the financial year. Recently, OYO, also known […]
OYO To Reduce The IPO Size By Two Third Due To Declined Tech Valuations
In 2021, all the companies that went public raised more than Rs 1.2 crores collectively, making their listing successful. In the last two decades, 2021 has been considered the best year for the companies that went public. The successive year, 2022, disappointed the companies and investors as none of the companies performed well in the […]
