OYO Rooms

Timelines
Amid COVID-19, plane cafes launched in Thailand

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.

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

04 Sep 2020

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.

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

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.

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

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.

#CoronavirusImpact: Mukesh Ambani lost $300 million/day in two months

07 Apr 2020

#CoronavirusImpact: Mukesh Ambani lost $300 million/day in two months

The outbreak of coronavirus over the last two months has left economies reeling, business disrupted, and people jobless.

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

07 Sep 2019

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.

Five successful CEOs in India who are not even graduates

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.

Jio is offering free live-streaming of World Cup matches

05 Jun 2019

Jio is offering free live-streaming of World Cup matches

Passing on yet another attractive benefit to all its users, Jio has partnered with Hotstar to offer live streaming of Cricket World Cup for free. Notably, Hotstar is the only OTT platform that is streaming live matches but under a paid subscription plan.

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

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.

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

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.

Swiggy raises $1bn in its largest funding round yet

20 Dec 2018

Swiggy raises $1bn in its largest funding round yet

Months after entering India's unicorn club, food delivery platform Swiggy has raised a whopping $1bn in fresh capital from existing and new investors.

OYO Rooms raises $1bn, enters unicorn club

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.

#NoCountryForWomen? US travel-blogger was stalked, sexually harassed on India trip

12 Sep 2018

#NoCountryForWomen? US travel-blogger was stalked, sexually harassed on India trip

Imagine you are on a dream trip to India but before you leave the country you remain trapped inside a hotel room. The reason? Perverted staff members of the hotel you are lodged at.

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

16 Aug 2018

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.

Host the best weddings with AutoParty by OYO

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.

8 popular start-ups currently offering jobs in Gurugram

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.

#StayInLove: 5 websites where you can find couple-friendly hotels

03 Jun 2018

#StayInLove: 5 websites where you can find couple-friendly hotels

All the moral and actual policing might make you think that staying in a hotel room in India is illegal, if you are unmarried.

Unmarried couple denied entry in Mumbai hotel: RIP progressive mindset

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.

ZO Rooms sues OYO Rooms over 'data theft'

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.

WhatsApp users to soon receive show recommendations from Netflix!

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.

WhatsApp for Business kick-starts with BookMyShow; Ola, Oyo will follow

01 Sep 2017

WhatsApp for Business kick-starts with BookMyShow; Ola, Oyo will follow

WhatsApp in the bid to monetize its platform had launched, what it calls, "WhatsApp for Business" for certain select organizations.

Narendra Modi will meet 200 start-up entrepreneurs to discuss ideas

17 Aug 2017

Narendra Modi will meet 200 start-up entrepreneurs to discuss ideas

Prime Minister Narendra Modi will be meeting the 'champions of change', who have set up successful businesses from the grounds up, today at a session organized by federal policy think tank NITI Aayog.

SoftBank writes down investments in Ola, Snapdeal by $1.41 billion

10 May 2017

SoftBank writes down investments in Ola, Snapdeal by $1.41 billion

Japanese investor SoftBank said it wrote down its investment valuation in Snapdeal and Ola by $1.41 billion. It has written down investments in Snapdeal by $1.01 billion and $400 million in Ola.

OYO Rooms acquires $250 million from SoftBank, others

27 Apr 2017

OYO Rooms acquires $250 million from SoftBank, others

According to a media report, OYO Rooms, a budget hotels marketplace operated by Oravel Stays Pvt. Ltd closed a $250 million fundraising round led by existing investor SoftBank Group.

Ola's valuation marked down by 40%

03 Feb 2017

Ola's valuation marked down by 40%

Vanguard Group, an investment firm based in the United States, slashed the valuation of its stake in Ola.

SoftBank writes-off $555 million across Ola, Snapdeal investments

08 Nov 2016

SoftBank writes-off $555 million across Ola, Snapdeal investments

In the wake of India's online start-ups eyeing fresh funding, SoftBank's quarterly results reflected a decline in its returns from investments in start-ups like Ola Cabs and Snapdeal.

Sequoia Capital to sell stakes in firms worth $200 million

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.

SoftBank invests $62 million in OYO

17 Aug 2016

SoftBank invests $62 million in OYO

OYO raised over $62 million in a new round of funding led by existing SoftBank Group Corp.

OYO gets backing of $100 million from SoftBank and others

11 Apr 2016

OYO gets backing of $100 million from SoftBank and others

OYO Rooms raised a capital of $100 million in the latest round of funding led by SoftBank.

OYO forays into south-east Asia

12 Jan 2016

OYO forays into south-east Asia

OYO Rooms announced its expansion to south-east Asia with the launch of its operations in Malaysia.

SoftBank leads investment for OYO Rooms

3 Aug 2015

SoftBank leads investment for OYO Rooms

SoftBank, the Japanese corporation, has decided to invest in OYO Rooms with a Rs.630 crore funding.