More Stories on OYO
Sanjay Mehta has invested in over 150 global start-ups

Meet Sanjay Mehta, India’s only angel investor with four unicorns under his belt

Sep 15, 2021

Mehta talks to BT about his investment philosophy, working with entrepreneurs and whether he has FOMO after exiting IPO-bound OYO with a 280x return

Angel investor Sanjay Mehta on having 4 unicorns in his portfolio and the IPO boom

Sep 14, 2021

He spoke to Sourav Majumdar, Editor, Business Today, about having 4 unicorns in his portfolio, the IPO boom, his investment thesis and the need for patience.

Small and independent hotels and homeowners will have access to OYO’s latest tech

Microsoft, OYO to co-develop travel, hospitality products, tech

Sep 10, 2021

OYO will also adopt the Microsoft 365 suite for better collaboration and productivity and switch to Github Enterprise for accelerating tech development

The move comes ahead of the proposed IPO by Softbank-backed OYO, for which a draft red herring prospectus (DRHP) is expected to be filed in the next few months

IPO-bound OYO raises authorised share capital to Rs 901 cr

Sep 08, 2021

On September 1, Oravel Stays, at an extraordinary general meeting, had given its nod to the resolution to increase OYO's authorised share capital, according to a Registrar of Companies (RoC) filing by the company

Oyo has raised $5 million from Microsoft at a valuation of $9.6 billion

IPO-bound Oyo raises $5 mn from Microsoft at $9.6 bn valuation

Aug 20, 2021

The investment will be done through the issuance of equity shares as well as compulsory convertible cumulative preference shares on a private placement basis, according to a regulatory filing by Oyo

The company is set to introduce several innovations and is committed to investing in technology

OYO to hire over 300 tech professionals to expand technology, product teams

Aug 19, 2021

The company seeks to hire full-stack teams with key skill sets and expertise in the areas of Machine Learning, Data Engineering & Information Security, Android and iOS developers, OYO stated

OYO has already begun onboarding over 50 mid-level tech talent and around 150 campus recruits from top universities across India

OYO to employ over 300 tech professionals to expand tech, product teams

Aug 19, 2021

The company is set to introduce several innovations and is committed to investing in technology, further optimising revenues for hotel owners, while improving user experience for customers

OYO IPO likely by year-end

OYO plans to launch IPO by year-end; to file DRHP by Sept

Aug 10, 2021

The Ritesh Agarwal-helmed company is in talks with bankers such as JP Morgan, Citi and Kotak Mahindra Capital to manage the public issue

The deal may involve Oyo shifting to use Microsoft's cloud services, TechCrunch reported earlier on Thursday

Microsoft looks to invest in Oyo before potential IPO

Jul 30, 2021

The deal between Oyo and Microsoft could be announced in the coming weeks and would be a prelude to an initial public offering (IPO) by Oyo

Oyo founder and CEO Ritesh Agarwal

'Get used to rejections': Oyo founder Ritesh Agarwal has a message for young entrepreneurs

Jul 21, 2021

Agarwal said what matters the most are the moments where "people are willing to give you time" and that entrepreneurs should focus on making the most of them

Oyo is the first Indian company to raise capital via the term loan B (TLB) route

Oyo secures $660 million in debt funding to revive COVID-19 impacted biz

Jul 16, 2021

The hospitality firm said its offer was oversubscribed almost 1.7 times, along with a total commitment of around $1 billion from leading institutional investors