OYO

OYO reports Rs 158 crore net profit in Q2

Oravel Stays Ltd, the parent company of OYO, had posted a loss of Rs 50 crore in the same period of the previous year.

24 October 2024, 12:27 IST

OYO reports Rs 158 crore net profit in Q2

24 October 2024, 12:27 IST

IPO-bound OYO rejigs top leadership with five elevations

OYO Founder & Group CEO Ritesh Agarwal said, "As we pursue our growth objectives, agility and decisive action remain at the core of our strategy.

11 October 2024, 09:44 IST

IPO-bound OYO rejigs top leadership with five elevations

11 October 2024, 09:44 IST

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

The travel tech platform has steadily expanded its footprint in the US since its launch in the region in 2019 and operates over 320 hotels across 35 states.

21 September 2024, 07:04 IST

OYO to acquire iconic Motel 6 brand in $525 million all-cash deal

21 September 2024, 07:04 IST

OYO reports first-ever net profit of Rs 229 crore in FY24

In a statement, OYO informed that the first-ever net profit comes on the back of eight consecutive quarters of positive Adjusted EBITDA.

14 August 2024, 07:20 IST

OYO reports first-ever net profit of Rs 229 crore in FY24

14 August 2024, 07:20 IST

OYO parent Oravel Stays plans to open 25 premium hotels under 'SUNDAY' brand this fiscal

The company is planning to launch 25 premium SUNDAY Hotels across key travel destinations such as Gurgaon, Manesar and Corbett, Oravel Stays said.

06 August 2024, 09:37 IST

OYO parent Oravel Stays plans to open 25 premium hotels under 'SUNDAY' brand this fiscal

06 August 2024, 09:37 IST

OYO opens first luxury hotel in Dubai, eyes boosting premium property portfolio

The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year.

24 June 2024, 12:08 IST

OYO opens first luxury hotel in Dubai, eyes boosting premium property portfolio

24 June 2024, 12:08 IST

At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder

Travel tech platform OYO reported financial year 2023-24 as the maiden profitable fiscal with a net earning of nearly Rs 100 crore, founder Ritesh Agarwal said on Thursday.

30 May 2024, 07:26 IST

At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder

30 May 2024, 07:26 IST

OYO may raise equity from private investors at valuation of up to $4 billion: Ritesh Agarwal

The IPO-bound firm, backed by Softbank, had its maiden net profitable year, posting a profit after tax (PAT) of Rs 99.6 crore in the 2023-24 financial year.

22 May 2024, 11:35 IST

OYO may raise equity from private investors at valuation of up to $4 billion: Ritesh Agarwal

22 May 2024, 11:35 IST

OYO withdraws DRHP, to refile IPO post refinancing: Sources

JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.

18 May 2024, 08:34 IST

OYO withdraws DRHP, to refile IPO post refinancing: Sources

18 May 2024, 08:34 IST

OYO forays into sports hospitality business, shortlists 100 hotels in 12 cities

The sports hospitality business aims to meet the unique needs of large sports events with a focus on providing end-to-end solutions, including providing accommodation to athletes and sports officials participating in various sports events, the company said in a statement.

15 February 2024, 08:57 IST

OYO forays into sports hospitality business, shortlists 100 hotels in 12 cities

15 February 2024, 08:57 IST