Thursday, April 18

Search Results for: oyo

OYO Expects to Double Down on Growth in its Home Market

OYO Hotels & Homes is “well-capitalised” and will be doubling down on growth in its home market of India. From the ongoing funding round, it plans to invest a fifth, or $200 million, in Asia’s third-largest economy. The SoftBank-backed company, which is in the process of raising $1 billion (Rs 7,000 crore) from a clutch of investors, […]

Singapore-based Grab in Advanced Talks to Invest $100 Million in OYO

Singapore ride-hailing company Grab is in advanced talks to invest $100 million (Rs 697.7 crore) in OYO Hotels & Homes as part of the Indian hospitality chain’s ongoing $1 billion funding round. Grab is expected to close the deal over the next few days, according to two people briefed on the matter. Grab and OYO, both of which count SoftBank as one […]

Yet Again, OYO Forays into Another Nation

OYO, the India-based budget hotel chain has been foraying into various countries since a long time. And yet again, the company has entered into another region that is in the United Arab Emirates (UAE). OYO has become one of the most reached hospitality chain in India and is growing its existence day by day in […]

After China, OYO launched its service in Japan

The budget hospitality chain OYO has been expanding to various countries for a long time. After China, Australia and many other countries, the company is now foraying into Japan which is the world’s third-largest economy. The Gurugram-based hotel chain lately raised $800 million in its latest round of funding that was led by SoftBank’s Vision Fund, following […]

OYO Makes Room for Business Travellers

The budget hotel chain OYO is looking forward to expanding its Townhouse brand aggressively. The aim of the company is to take the number of OYO Townhouse hotels to 400-500 by next year, up from 45 at present. OYO ventured into the UK last month by launching Townhouse hotels in London, and will deepen the brand’s presence […]

Indian Hotel Chain Oyo Raises $1 billion at $5 billion Valuation

Indian hospitality chain Oyo Hotels which is soaring high with success these days has planned to secured funds amounting to $1 billion for the purpose of expansion into China and other global regions. This round is expected to be led by existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners. The existing investors […]

OYO Launches Palette Resorts, Enters Upscale Hotels’ Category

The pocket-friendly hospitality chain OYO Hotels has announced that it has entered into the upscale hotels’ category, that starts with a range of resorts, christened as Palette Resorts. The company stated that It is organizing a range of resorts that will offer exclusively designed staycations. These will basically cater to those people who are in search […]

OYO Rooms Launches its Membership Programme OYO Wizard

The budget hotel chain OYO has announced that they have launched a new membership programme known as the OYO Wizard. This programme is basically designed to recognize and reward frequent customers. With this move, OYO aims to deepen and strengthen customer relationships by offering highly-rated and curated hotels to loyal customers at the best price. […]

OYO Acquires Wedding Platform Weddingz

India’s one of the leading hotel booking platform OYO acquires online wedding marketplace platform Weddingz in a cash-and-stock deal. Though the amount of the deal has not been disclosed. This is the third acquisition of Softbank backed company in this year. The Gurgaon based company acquired 100% stake in the wedding platform. The platform was backed by early-stage […]

OYO Eyeing Funds from Tencent, May Raise the Valuation to $2 Billion

Tencent, one of the leading internet players of China is eyeing to lead a fresh funding round and back hotel chain OYO with $300-500 million. According to the reports, this particular funding round will likely value the company at $2 billion which is almost double the valuation of $850 million from SoftBank’s Vision Fund. “The […]