Malik was a silver-medalist at the 2016 Paralympic Games
Will delays in approval to Paytm, Oyo IPOs slam the brakes on India's record run? What are the issues? And what's the standard time taken for an IPO clearance? Let us take a look in this report
The move can potentially lengthen Sebi's clearance process
In the note Bernstein highlights structural drivers for the company
In 2015, Oyo Hotels & Homes signed for Oyo's acquisition of Zostel. The deal fell through, but Zostel is arguing that it still deserves about 7 per cent in Oyo parent
He earned Rs 1.62 crore that year, against Rs 21.5 lakh in the previous financial year
In the DRHP, the firm says its app has been downloaded 100 million times and its major focus geographies are India, Malaysia, Indonesia and Europe
Zostel is a backpacker hostels chain which has been embroiled in a legal battle with OYO for the last three years after merger talks broke down
Startup has endured months of layoffs, cost-cuts and losses during the coronavirus outbreak.
The Softbank-backed travel technology firm is expected to file its DRHP with Sebi in the next few months
In July, the NCLAT closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties
Microsoft and hospitality firm OYO have entered a multi-year strategic alliance to co-develop next-gen travel and hospitality products and technologies, the companies said on Thursday. "OYO will adopt Microsoft Azure as a key enabler to drive cloud-based innovations and reimagine the hospitality and travel tech industry. The solutions will be geared to benefit patrons who operate the small and medium hotel and home storefronts," the companies said in a joint statement. Microsoft has also made a strategic equity investment in OYO, it added. Earlier in August, in an RoC filing, OYO had said that Microsoft Corporation has invested nearly USD 5 million (about Rs 37 crore) in OYO through the issuance of equity shares and compulsory convertible cumulative preference shares on a private placement basis. "We are excited to join hands with Microsoft in our constant endeavor to improve business opportunities for the small and independent hotel and homeowners, and to redefine experiences for
SoftBank-backed Oyo is eyeing valuation range of $14 bn-$16 bn, say sources close to the development
Current onboarding time is 15 days. Oyo 360 tool provides a two-click platform for enrolment on its platform and offers three benefits of growth, partnership, and network
The company is aiming to transform itself to a global full-stack technology provider for small and mid-sized hotels and homes
Tech giant Microsoft Corporation has invested nearly USD 5 million (about Rs 37 crore) in OYO through the issuance of equity shares and compulsory convertible cumulative preference shares
Profiles include software development, engineering and product managers, designers, data scientists across entry-level to senior leadership roles
Hospitality firm OYO on Thursday said it is looking to hire over 300 technology professionals across entry-level to senior leadership roles during the next six months. 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 said in a statement. 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, it added. The hiring will play a critical role in accelerating OYO's transformation to a global full-stack technology provider for small and mid-sized hotels and homes, the statement said. The company has already begun onboarding over 50 mid-level tech talent and around 150 campus recruits from top universities across India, it added. "We've been blessed to have a diverse pool of tech talent and believe that each new bright mind
The hotel aggregator, in which SoftBank owns a 46% stake and is one of its biggest bets, has endured months of layoffs, cost cuts and losses during the global health crisis
The deal could be announced in the coming weeks and would be a prelude to an initial public offering (IPO) by Oyo, the source said