Oyo

  • OYO introduced OYO Partner Engagement Network for hotel owners

    Published on : Friday, May 31, 2019

    OYO launched an initiative OPEN, that is OYO Partner Engagement Network and within this, the company has now made an announcement of a new package called the Cash in Bank facility. This CiB facility allows owners of properties and assets …

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  • Oyo to acquire @Leisure for $415 million

    Published on : Thursday, May 2, 2019

    India’s fast-growing hotel chain Oyo will expand in Europe with the acquisition of an Amsterdam-based vacation rental firm @Leisure. It will buy @Leisure from German media firm Axel Springer for a sum of 369.5 m euro (U.S. dollars 415m; 317.9 …

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  • OYO upgrades its technological solutions including OPEN, Co-OYO for hotel owners

    Published on : Monday, April 22, 2019

    OYO will upgrade its technology platform and build a partner network of hotel owners. It will help to extend the company’s reach and brand to a wider and deeper audience on the hotel owner side. In order to grow to …

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  • OYO to set up numerous budget hotels in Japan

    Published on : Saturday, April 6, 2019

    Oyo has plans to flood Japan with numerous budget hotels through a new collaboration with SoftBank and SoftBank Vision Fund.   Details, like the financial investment offered into the joint venture company, Oyo Hotels Japan, were not made public.   …

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  • OYO expects to host 50 hotels in UK by end of this April

    Published on : Thursday, April 4, 2019

    OYO Hotels & Homes expects to hit 50 hotels in UK by the end of April.     Since the launching in the UK in October 2018, the budget hotel chain already has 30 franchised and leased hotels across the …

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  • Airbnb invests in Oyo in Series E funding round

    Published on : Tuesday, April 2, 2019

    Airbnb Inc., the world’s largest home-sharing platform invested in India’s budget hotel startup, Oyo as part of its Series E funding round. The Airbnb-Oyo deal will allow Oyo’s 10,000 villas and homes in India, Dubai and other markets to be …

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  • OYO considering taking over loss-making UP tourism properties

    Published on : Thursday, February 28, 2019

    Rapidly-growing budget hotel aggregator OYO is planning on adding the loss-making properties of Uttar Pradesh Tourism Department to its chain of hotels.   On Wednesday, OYO held preliminary discussions on the issue with the UP Tourism Department and UP State …

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  • Didi Chuxing, China’s ride-hailing giant adds $100 million to OYO

    Published on : Thursday, February 14, 2019

    Chinese ride-hailing giant Didi Chuxing has invested U.S. dollars 100 million in OYO Hotels & Homes – the hospitality chain. It values OYO at a bout U.S. dollars 5 billion. The revenue came from Didi-controlled entity Star Virtue Investment.   …

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  • OYO preparing to debut in the U.S.

    Published on : Wednesday, February 6, 2019

    The Indian hospitality brand sets foot in Dallas and is testing a property in Austin, Texas. OYO has claimed significant gains in India and other markets, including China, Malaysia, Nepal, and Indonesia (this year).       OYO is hiring …

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  • Grab invests $100 million OYO to drive into Southeast Asian market

    Published on : Friday, December 7, 2018

    Grab, Singapore based ride hailing company has invested about $100 million in Oyo Hotels & Homes, the Gurgaon-based hospitality chain said in a filing with the Registrar of Companies on Thursday. A1 Holdings Inc, a Cayman Islands-registered entity controlled by …

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  • Rohit Kapoor appointed as Chief Executive Officer of OYO’s new real estate business

    Published on : Friday, November 30, 2018

    OYO Hotels has announced  the appointment of Rohit Kapoor as the Chief Executive Officer of its new real estate business with effect from December 6 this year.   Earlier, Kapoor was the Executive Director and a member of the board …

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  • OYO to raise $1 billion from Softbank

    Published on : Thursday, September 27, 2018

    Hotel chain OYO Hotels would raise $1 billion from existing investors, including Japan’s Softbank Group (9984.T), to grow its business in India and China, and expand into new international markets.     In the latest funding round, which could value …

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  • OYO steps in UK to put £40 million over 2 years

    Published on : Thursday, September 20, 2018

    SoftBank backed budget accommodation brand OYO Hotels on Wednesday announced its foray into London, marking the expansion of its footprint beyond Asia.     Over the next two years, OYO plans to invest £40 million in the UK and will …

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  • Valuation of Oyo set to cross $4 billion

    Published on : Thursday, August 16, 2018

    Indian hotel chain Oyo is in advanced talks to raise up to $1 billion in a deal that could usher the company into India’s crowding Unicorn club with a valuation of over $4 billion, said three people familiar with the …

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  • Indian hospitality brand Oyo is looking to partner with hotels for business expansion

    Published on : Thursday, April 26, 2018

    Indian hospitality firm Oyo is seeking to partner with hotels with large inventory of over 100 rooms under its franchisee and management contracts to develop its presence in India.     Oyo has partnered with 12 such hotels and is …

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  • MakeMyTrip and OYO declare new partnership

    Published on : Tuesday, February 27, 2018

    MakeMyTrip and OYO has declared that they are soon going to enter into a new partnership.   The chain of hotels of OYO include the ones in Nepal, Malaysia and India. They are available for booking on the official website …

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  • Yatra collaborates with OYO Hotel to give better service

    Published on : Wednesday, October 4, 2017

    India’s leading online travel platform Yatra.com has collaborated with OYO, online hotel platform for the business expansion that will provide better services.     The partnership brings OYO’s inventory onto a online travel agent platform and with this Yatra’s total …

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  • India’s Treebo cracks $34m deal for its budget hotel network

    Published on : Friday, September 1, 2017

    Treebo Hotels representing one of the most prominent members of the emerging budget hotel networks has just cracked a $34 million deal in Series C Round. This new deal was led by Karst Peak Capital and Ward Ferry Management that …

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