Tuesday, January 18, 2022

OYO

Has IPO-bound OYO regained trust of its hotel partners?

The company has recently been affected by some of its hotel partners publicly complaining, filing cases and even writing to the regulator.

OYO to file for up to USD 1.2 bn-IPO next week

OYO has appointed investment banks like JPMorgan, Citi and Kotak Mahindra Capital to manage its public issue, they added.

Microsoft in advanced talks to invest in OYO: Report

According to a TechCrunch report citing sources, a deal may close soon but the "proposed size of the investment is unclear".

OYO raises $660M through debt funding

The deal was upsized and increased by 10 per cent to $660 million as the company's fundamentals yielded strong interest from investors despite the virus surge.

OYO, Airbnb, Yatra, EaseMyTrip join hands to form industry body

A statement from the newly-formed body noted that the Covid-19 crisis presents a unique opportunity to collaborate on reviving the industry and only progress upwards from here on.

OYO to pay 8 months full salary as part of COVID-19 bereavement support

The support will also include term insurance payout equal to 3 times their annual pay.

OYO’s Singapore arm secures $200M SoftBank loan

The transaction was planned for 2020 and is being consummated now.

Travel confidence coming back: OYO

India topped the charts for OYO as the most booked country, while Delhi clocked in the most bookings across the world for it in 2020, it said in a report 'OYO Travelopedia 2020'.

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