Page 7 - Oyo

Oyo rejigs top brass ahead of IPO, replaces CEO of India business

Kapoor, Tandon, and Gupta will take on their new responsibilities effective from April 1, 2022

SoftBank-backed Oyo to weigh 50% smaller IPO amid market turmoil: Report

Oyo made preliminary filings in September aiming for an IPO in early 2022

Oyo appoints former PayU exec Prakash Padariya as cyber security head

He has more than 19 years of experience across geographies with extensive expertise in corporate security consulting, cyber security, cyber warfare, vulnerability assessment

Upstox ropes in Myntra, Oyo executives to bolster leadership team

Harish Narayanan joins as Chief Growth Officer, Jayant Chauhan as Senior Vice President-Finance and Saurabh Agarwal as Vice President-New Initiatives

Oyo IPO: Delhi HC rejects Zostel's petition for stake in firm

The root of the dispute between IPO bound Oyo and Zostel lies in a failed buyout deal 6 years ago, which Zostel claims was binding on Oyo.

Oyo founder Ritesh Agarwal's family office funds agritech startup Agrowave

Anu Meena, an IIT Delhi alumni started Agrowave to solve the problem faced by her grandfather and millions of farmers in selling their fresh produce.

Sensex falls 554 pts, Nifty below 18,150 amid rising bond yield, oil prices

In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively

Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon

The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year

SoftBank-backed Oyo to target $9-bn valuation in IPO: Report

The valuation Oyo is targeting would be lower than the $12 bn initially reported last year, which reflects Oyo's financial struggles and a more measured appetite for IPOs following Paytm debacle

Has IPO-bound travel tech major OYO regained trust of its hotel partners?

As OYO prepares for its public listing, the continued satisfaction of its hotel partners and winning back dissatisfied partners will play a key role in determining how its business performs.

Over 1 mn people made bookings with OYO for New Year celebrations: CEO

Over 10 lakh people booked for more than 5 lakh nights with hospitality chain OYO for New Year 2022 celebrations, generating bookings worth around Rs 110 crore over the weekend on its global platform, according to company Founder & Group CEO Ritesh Agarwal. In a social media post, he said 58 per cent bookings for the New Year's eve were made on the same day keeping the trend witnessed since December 2017 that reflected the "impulsive emotion and decision" related with travel. "Thank you to over a million people who booked more than half a million nights with us this New Years. For all of us at OYO, it was a busy NY (new year)," he wrote in his post on LinkedIn. He further said, "2021 booking was (the) highest among 90 pandemic weekends since April 2020 with total customer bookings globally on our platform worth (around) Rs 110 crore (USD 14.6 million) over the weekend." Agarwal said rooms booked on NY weekend of December 30-31 in 2021 stood at 5.03 lakh as compared to 1.02 lakh ...

Over 500 employees, ex-staff of IPO-bound OYO buy around 30 mn shares

OYO had offered deeply discounted ESOPs to both current and former employees when the impact of COVID-19 led to pay cuts and furloughs

Top headlines: Future moves HC against Amazon; over 4k Covid cases in Delhi

Business Standard brings you the top headlines on Monday

Indian travellers indulged in 'workcation' mode this year: OYO report

Hill stations ranked top on the list of spots for these work and travel trips, followed by many who visited their hometowns and beach destinations.

OYO announces hiring 2 senior leaders for engineering and data science

Nirdosh Chouhan appointed Senior Vice President of Engineering; Kranthi Adusumilli will be the company's Senior Principal Data Scientist

I believe in India's future, will support with investments: Masayoshi Son

His firm SoftBank is the biggest foreign investor in India today and has funded 10% of all unicorns

OYO appoints former SBI chairman Rajnish Kumar strategic group advisor

Kumar, who retired as SBI chairman in October 2020, is currently on the boards of HSBC Asia Pacific, L&T infotech, Hero Motocorp and BharatPe

Skies darken for IPOs planned by Mobikwik, OYO after Paytm's dismal debut

It will take three to four months for people to forget Paytm and that it destroyed wealth, says a founder of a brokerage house in Mumbai

How OYO's pivot to revenue share helped it survive the Covid-19 pandemic

In spite of suffering setbacks in some markets like China and Japan, OYO has been successful in growing its business to more than 157,000 hotels and homestays

Oyo denies all charges by Zostel about failed buyout deal in letter

Says both parties mutually agreed to terminate the deal