Tag "OYO rooms"

OYO announces OYO Care feature for COVID-19 quarantine and isolation cases amongst guests

By : Laxitha Mundhra

Ritesh Agarwal, Founder and CEO of OYO took to Twitter yesterday to announce that the company has rolled out a feature in the OYO Care App that will allow COVID-19 positive individuals to use its infrastructure for quarantine and isolation. For

Not OYO, but a supplier filed bankruptcy claim over disputed payment; company clarifies

By : CIOL Bureau

In a shocking turn of events, the NCLT had ordered to commence the insolvency proceedings against OYO Hotels and Homes Pvt. Ltd (OHHPL), a unit of hotel aggregator Oyo Rooms, over a dispute regarding payments worth Rs 16 lakh. For

Oyo Hotels (Singapore) raises $204M term loan from SoftBank Vision Fund’s UK arm: Reports

By : CIOL Bureau

Hospitality major OYO Hotels & Homes (Singapore) has received a term loan from SoftBank. While the plan started in 2020, it has materialised in 2021. According to an Entrackr report, its filings showed that it Singapore subsidy filed a “Deed

Key Opinions of Thought leaders from TiEcon Delhi (Day 1-3)

By : CIOL Bureau

The TiECon conducted one of the biggest Entrepreneurial Event of 2021. The event saw the participation of various world leaders. According to the event organisers, the event aims to focus on the unprecedented opportunities that will arise over the next several years

Pink Slips to US Employees: OYO furloughs staff due to reduced revenues amid COVID-19

By : CIOL Bureau

Ritesh Agarwal, CEO of OYO, in a video address today talked about his plans for OYO. He reported a 50-60% loss in the entire tourism and hospitality industry. Even in February 2020, OYO fired 360 employees in the US. Besides the

Oyo to tap into corporate segment with Novascotia Boutique Homes

By : CIOL Writers

Gurgaon-based, hotel aggregator Oyo has acquired Chennai-based service apartment operator Novascotia Boutique Homes marking Oyo’s entry into the service apartment and corporate executive stay segment. The development was first reported by ET. According to the report, the negotiations for the deal started last October and

OYO secures $250M in Series D funding led by SoftBank Vision Fund

By : CIOL Writers

Hotel aggregator OYO has secured $250 million in Series D funding led by SoftBank Vision Fund. Existing investors Sequoia India, Lightspeed Venture Partners, and Greenoaks Capital participated in the round, while Hero Enterprise joined in as a new investor. OYO recently moved

OYO expands international presence to Nepal

By : CIOL Writers

Just after a year of announcing its international foray in Malaysia, online hotel aggregator OYO Rooms has now expanded its presence in Nepal with the launch of its first hotel in Kathmandu. OYO Founder and CEO Ritesh Agarwal said, “OYO has been at the

Oyo Rooms reportedly closes $250mn financing round led by SoftBank

By : CIOL Writers

Online hotel booking platform, OYO Rooms is reportedly closing a $250-million financing round led by its existing investor SoftBank. The latest funding will be used to expand company’s reach further and for growing new formats like OYO Townhouse for which the

Now bots will help you book OYO rooms

By : CIOL Writers

After launching early check-in feature, OYO has entered into a partnership with niki.ai, to enable users to book an OYO room using niki.ai’s bot – a unique personal assistant application powered by artificial intelligence. Consumers can now easily search and

OYO launches ‘Sunrise Check-in’ to assure check-in starts from 6 AM

By : CIOL Writers

Whether we are on vacation or out for work, strict schedules for hotel check-in times is always one of the biggest pain-points. However, OYOs ‘Sunrise Check-in’ – a first-of-its-kind initiative aims to create sharp disruption in the prevalent hotel check-in

OYO using data science to read consumer behaviour

By : Soma Tah

BANGALORE, INDIA: To cater to the varying needs of today’s travelers, hotel aggregator, OYO is now studying consumer behavior using qualitative and quantitative data science research. Ritesh Agarwal, Founder & CEO of OYO at Tech in Asia’s conference in Bangalore

Flipkart beats Amazon & Google to be the most preferred co in India to work for

BANGALORE, INDIA: Do you know where India wants to work? The name might surprise you. It is not any MNC like Google, Facebook or Amazon. The LinkedIn data shows that Flipkart has topped the list top 25 companies in India

Affordable technology redefining Indian consumer market

By : CIOL Writers

The rubric of consumer commerce in India is witnessing an overhaul. A smartphone worth Rs 251 only and the rapid rollouts of 3G and 4G services are a clear indicator of a whirlwind of change in the commercial consumption of