OYO Rooms: News

30 May 2024

Ritesh Agarwal

OYO achieves first profitable year with ₹100cr gains in FY24

Travel tech platform OYO has reported its first profitable fiscal year in 2023-24, recording a net profit of nearly ₹100 crore, as revealed by founder Ritesh Agarwal on social media.

OYO retreats from IPO plans for the second time

Indian budget hotel chain, OYO, has withdrawn its initial public offering (IPO) application, from the Securities and Exchange Board of India (SEBI) for the second time.

08 May 2024

Ritesh Agarwal

OYO reportedly negotiating new funding round at $3 billion valuation

Indian budget-hotel chain start-up, OYO, is in discussions for a funding round, that could decrease its valuation to $3 billion or less, as per TechCrunch.

12 Feb 2024

Stock Market

OYO requests SEBI to expedite IPO approval

OYO's top bankers and executives met with the Securities and Exchange Board of India (SEBI) to discuss the company's progress and speed up its IPO approval.

13 Oct 2023


OYO founder Ritesh Agarwal is going to be a father!

OYO founder Ritesh Agarwal shared a piece of happy news with his followers on Friday. Posing gleefully with his wife-entrepreneur Geetansha Sood, the businessman announced the couple was soon going to be parents.

07 Oct 2023

Shark Tank India

'Shark Tank India': Zomato, OYO founders join as new sharks

After two successful seasons, Shark Tank India will soon return for a third installment with a captivating blend of innovation and ambition.

14 Jun 2023


OYO introduces Stay Now, Pay Later: How it works

Planning your stay with OYO has become easier than ever. The hospitality technology company has introduced a Stay Now, Pay Later (SNPL) feature to provide Indian travelers with greater flexibility.

10 Mar 2023

Ritesh Agarwal

OYO founder Ritesh Agarwal's father dies after falling from building

Ramesh Agarwal, the father of OYO Rooms founder Ritesh Agarwal, died after falling from the 20th floor of a high-rise building in Gurugram, Haryana, on Friday, reported NDTV.

20 Feb 2023

Ritesh Agarwal

OYO founder Ritesh Agarwal invites PM Modi to his wedding

OYO Rooms founder Ritesh Agarwal took to social media on Sunday (February 19) to share a string of photos with Prime Minister Narendra Modi.

22 Oct 2022

Uttar Pradesh

Noida: Four arrested for recording couples in OYO rooms

Uttar Pradesh Police arrested four men for allegedly blackmailing couples after recording their intimate moments through hidden cameras in OYO rooms in Noida.

24 Sep 2021


OYO could file for $1 billion-worth IPO next week

Budget-centric Indian hotel chain start-up OYO is likely to file for an initial public offering (IPO) next week.

14 Sep 2020


Amid COVID-19, plane cafes launched in Thailand

The novel coronavirus pandemic, which has killed nearly a million worldwide, has brought several aspects of the 'routine life' to a halt, including commercial air travel.

04 Sep 2020

Ritesh Agarwal

COVID-19 effect: OYO extends employee furlough by another six months

The fallout of COVID-19 on the hospitality industry has forced OYO India to extend the furlough period of some of its employees by another six months.

21 Jul 2020


LinkedIn lays off 960 employees, due to COVID-19 pandemic

Microsoft-owned professional network LinkedIn has announced that it will be laying off about 960 employees, or 6% of its workforce, around the world.

01 Jun 2020


MakeMyTrip lays off 350 employees due to COVID-19: Details here

Following Ritesh Agarwal's OYO Rooms, India's largest travel aggregator MakeMyTrip has laid off 350 employees from its workforce.

07 Sep 2019

Indian Penal Code

OYO founder Ritesh booked for cheating hotelier of Rs. 1cr

OYO Hotels Founder and CEO Ritesh Agarwal has been booked by the Whitefield police in Bengaluru on charges of cheating and criminal breach.

05 Aug 2019


Five successful CEOs in India who are not even graduates

Graduation is considered an important milestone in a student's learning journey.

02 Jan 2019


#FinancialBytes: Best 'buy now, pay later' services available in India

In India, "buy now, pay later" payment options are increasingly becoming popular among customers nowadays.

28 Dec 2018


OYO offers to buy Rs. 50cr shares from current, ex-employees

OYO Rooms, India's second-most valuable startup, has offered to buy back shares from current and former employees to the tune of Rs. 40-50cr.

25 Sep 2018


OYO Rooms raises $1bn, enters unicorn club

Budget hotel chain OYO Rooms has entered India's unicorn club, having raised a whopping $800mn in a round led by Japan's Softbank Vision Fund.

OYO looking to raise $1bn, valuation might cross $4bn

It seems that budget hotel network OYO Rooms is getting ready for yet another round of funding, and is reportedly looking to raise an amount between $500mn to $1bn.

24 Jul 2018


Host the best weddings with AutoParty by OYO

A wedding is a dream, and AutoParty by OYO works to fulfill this beautifully.

06 Jun 2018


8 popular start-ups currently offering jobs in Gurugram

Start-ups have become popular among job seekers these days in India for the country is emerging as one of the world's fastest-growing start-up hubs.

28 May 2018


Unmarried couple denied entry in Mumbai hotel: RIP progressive mindset

Though there is no law against unmarried couples sharing a hotel room in India, a recent incident speaks an opposite tale.

20 Feb 2018


ZO Rooms sues OYO Rooms over 'data theft'

Zostel Hospitality, the parent company of ZO Rooms, has sued OYO Rooms in a Gurugram court over data theft.

28 Dec 2017


WhatsApp users to soon receive show recommendations from Netflix!

Popular video-streaming service Netflix is reportedly joining hands with WhatsApp to send content recommendations to users on the Facebook-owned messaging platform.

14 Sep 2016


Sequoia Capital to sell stakes in firms worth $200 million

According to sources, American venture capital firm, Sequoia Capital, is planning to sell $200 million worth of stakes in eight Indian "non-tech companies" via secondary transactions.