OYO cuts 25% of fixed pay of Employees; sends some staff on Leave
Online hotel room booking platform OYO informed employees about their 25 percent salary cut and asked some staff to go on a four-month leave amid Coronavirus breakdown.
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Toyota Invests $394M in Flying Taxi Startup
Toyota has invested $394M as lead investor in Joby’s Series C financing round.
OYO elevates India & South Asia CEO Aditya Ghosh to Board of Directors
Indian Hospitality firm OYO has elevated Aditya Ghosh, currently chief executive officer (India & South Asia) for the hotels and homes business, as a member of its board of directors. Rohit Kapoor, currently CEO of the new real estate businesses of the company, has been appointed as CEO (India & South Asia) for OYO Hotels & […]
OYO to Raise $1.5 bn Funding; for Expansion in US
Online Hotel booking startup OYO Hotels and Homes set to raise $1.5 billion from its founder, Softbank and other investors.
Milestone: OYO Opens 100 Hotels in USA
OYO Hotels & Homes, the world’s third-largest and fastest-growing hotel chain, is excited to announce hitting the milestone of more than 100 hotels in the USA. This is a major landmark for the young hotel startup and a testament to how the company is continuing to maintain its growth momentum. Since formally announcing its presence […]
Oyo Acquires Las Vegas Hooters Casino Hotel
To create a business in USA, OYO a fastest-growing online hotel booking platform acquires Las Vegas based Hooters Casino Hotel.
OYO founder buy back shares worth $2 bn from early investors
OYO founder Ritesh Agarwal has signed a deal to buy back shares worth $2 billion (nearly Rs 13,770 crore) from early-stage investors like Lightspeed Venture Partners and Sequoia India.
OYO acquires Innov8 for $30 million to enter into co-working business
Oyo has acquired Innov8 for $30 million (about Rs 205 crore). The entire team of Innov8 joined OYO as part of the deal.
Toyota AI Ventures Launch a $100M Fund for early age startups
Toyota AI Ventures launched a $100 million fund for early stage startups
OYO acquires Amsterdam-based Leisure Group for $415 mn
Oyo group has acquires Leisure group for $415 million
OYO collaborated with Spanish firm Hotelbeds
OYO collaborated with Spanish firm Hotelbeds.
Airbnb invests in OYO’s series E funding round
oyo raises series E funding