April 22nd, 2020Online 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.
December 2nd, 2019
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...
July 20th, 2019OYO 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.
December 7th, 2018India government in a first its kind of move will setup certain guidelines for Online travel aggregators like Air B&B, Makemytrip, Yatra and Oyo to be recognised by the Tourism Ministry in order to operate, a senior official said.
For the first time, the ministry has prepared a set of guidelines by which it will approve and...
August 12th, 2018India'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...
July 4th, 2018The digital payment giant Paytm has taken over a Delhi-based company called ‘NighStay Travels’ that helps the customers to book hotels last minute. The acquisition has been made for around $2o million (around Rs 130 crore) in a cash-and-equity deal, through which Paytm is entering the hospitality space as well.
Founded by Nasr...
April 17th, 2018Delhi based icanstay.com, an online luxury hotel booking platform for business travelers has raised a fresh round of funding of Rs 1.30 Cr from an angel investor Mr. Manoj Prasad, executive chairman at Singapore-based venture capital and management advisory firm MP Morgan Capital Partners Pte. Ltd.
Earlier the online platform has...
November 9th, 2017ripAdvisor will now mark the hotels where cases of violent incident like sexual assault or rape have been reported, informing the users before they book. The travel review and booking site earlier hit the news for removing a review about Iberosar Paraiso Maya, which described a rape done by security guard at a Mexican...
July 26th, 2017Budget Hotels Chain FabHotels has recently raised an amount of $25 Mn in a Series B funding round led by Goldman Sachs, an American multinational finance company, that backed the likes of Uber and Spotify.
Started in 2014 by Vaibhav Aggarwal and Adarsh Manpuria, FabHotels is a branded budget hotel aggregator wherein it partners with...
May 6th, 2017New-age travellers visiting Mumbai and its suburbs can now enjoy a stay in a unique place - Urbanpod. And no, it is not pricey! The 'Pod hotel' offers rooms at affordable rates. This is India's first Pod hotel and its facility has come up in suburban Andheri consisting of 140 units.
The initial investment was done by three promoters,...
December 20th, 2016Online travel firm Yatra Online Inc has been listed on the American stock exchange, Nasdaq, under the ticker symbol "YTRA" with effect from today.
Yatra said it has completed the transaction with Terrapin 3 Acquisition Corporation (TRTL), which will result in TRTL becoming a partially owned subsidiary of Yatra. As a part of this...
