December 24th, 2018
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...
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...
December 3rd, 2018Singapore 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...
October 16th, 2018OYO, 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 other countries as well....
October 9th, 2018The 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...
October 6th, 2018The 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 in the...
September 29th, 2018This week witnessed various funding rounds from a lot of well-known companies and also from well-known backers. Companies like Oyo, Shohoz etc raised funds for different purposes and secured valuable amount of funds. The largest amount of funds were raised by Indian ride-hailing firm Oyo after which the company's valuation has reached...
September 25th, 2018Indian 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...
