Tag "Oyo"
Microsoft to invest in OYO for an undisclosed amount at $9 Bn valuation ahead of IPO: Report
Tech giant Microsoft is in advanced talks to invest in Indian hospitality firm OYO at a valuation of $9 billion. OYO, in 2019, had a valuation of $10 Billion, making it one of India’s largest valued startups. According to a
After Swiggy, OYO moves to four-day-work-week for employees in May
Very recently, Swiggy announced that it has moved to a four-day-work-week policy. Similarly, Hospitality startup OYO has also announced that has shifted to a four-day-work-week policy for May. The company has declared a mid-week leave for its employees – on
OYO announces OYO Care feature for COVID-19 quarantine and isolation cases amongst guests
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
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
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
![[Funding] zingbus secures an undisclosed pre-Series A investment from Venture Catalysts and others](https://www.ciol.com/wp-content/uploads/2020/09/Funding-817x404_c.jpg)
[Funding] zingbus secures an undisclosed pre-Series A investment from Venture Catalysts and others
zingbus is startup that aims to improve the levels of quality and safety in the intercity bus travel space. It has recently secured an undisclosed pre-Series A investment led by Venture Catalysts. Titan Capital and Better Capital also participated in
Oyo News: Ritesh Agarwal welcomes Steve Albrecht as Non-Executive Director on the board
In a recent development, Oyo’s Ritesh Aggarwal has said that the firm has appointed Steve Albrecht as a non-executive director on the company’s BOD. He will play a supervisory role and guide the founder and management for key business decisions.
Pink Slips to US Employees: OYO furloughs staff due to reduced revenues amid COVID-19
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
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
