Indian hotel-booking startup Oyo is considering a smaller initial public offering (IPO) or possibly even suspending a public listing altogether as the markets remain volatile and largely in a downswing, Bloomberg reported on Thursday (March 17), citing unnamed sources with insider information. Oyo announced in...
Indian startup Oyo Rooms is going public, seeking a $9 billion valuation, Bloomberg reported, citing unnamed sources. The SoftBank Group Corp.-backed hotelier is expected to win approval from the Securities & Exchange Commission, with the offering available this week or next. SoftBank owns 47% of...
Oyo, the Indian hotel chain backed by SoftBank’s Vision Fund, plans to raise $1.16 billion (or 84.3 billion rupees) through an initial public offering (IPO). As CNBC reported on Friday (Oct. 1), the company plans to issue new shares worth $944 million (70 billion rupees),...
Despite a rocky year due to COVID-related travel restrictions, Oyo Hotels and Rooms is preparing to file for an initial public offering (IPO) to raise roughly $1 billion. The Indian hospitality startup is expected to file for the IPO next week in Mumbai, with an...
October 25, 2019
India-based hotel and booking startup OYO has been on a tear lately, landing $1.5 billion in new funding, expanding to new markets and getting into new areas — most recently, coworking spaces. Now, the fast-growing operation is tapping into one of the growing trends in payments and commerce by offering online financing for its many partners. […]
March 22, 2022
OYO, the India-based hospitality technology platform, announced it would offer free accommodation to Ukraine refugees, The Economic Times reported. The company said it has appealed to more than 600 Belvilla homeowners on its platform in Poland to open their homes to refugees. “These stays will be free for refugees who cannot pay for them, and […]
March 17, 2022
Indian hotel-booking startup Oyo is considering a smaller initial public offering (IPO) or possibly even suspending a public listing altogether as the markets remain volatile and largely in a downswing,...
January 19, 2022
Indian startup Oyo Rooms is going public, seeking a $9 billion valuation, Bloomberg reported, citing unnamed sources. The SoftBank Group Corp.-backed hotelier is expected to win approval from the Securities...
October 01, 2021
Oyo, the Indian hotel chain backed by SoftBank’s Vision Fund, plans to raise $1.16 billion (or 84.3 billion rupees) through an initial public offering (IPO). As CNBC reported on Friday...
