OYOs

Fitch Ratings said on Wednesday it has revised the outlook on India-based Oravel Stays Limited's (Oyo's) long-term foreign- and local-currency issuer default ratings (IDRs) to positive from stable, while affirming the ratings at 'B-'.Fitch…

Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm OYO, to refile the draft IPO papers with certain updates. Photograph: Anushree Fadnavis/Reuters The move might delay the Gurugram-based…

NEW DELHI: Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm Oyo, to refile the draft IPO papers with certain updates.The move might delay the Gurugram-based hospitality unicorn's initial…

CleverTap has appointed Satyadeep Mishra as their new chief human resources officer (CHRO), said a statement issued today. Mishra joins from the hospitality-technology platform Oyo where he worked as the CHRO for its technology, product,…

Oyo said on Monday it has launched a programme to recognise hotels that provide the most ‘consistent’ and ‘high-quality’ customer experience. The company said the category, called ‘Super Oyo’ analyses each hotel's performance on parameters…

Global travel tech company OYO on Sunday informed that its adjusted Ebitda grew eight times to Rs 56 crore in Q2, against Rs 7 crore in Q1. It was mainly driven by a 23 per cent quarterly rise in gross booking value per hotel during Q2 to…

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Communication apps such as WhatsApp and Signal are currently governed by the IT Act and the IT Rules that were notified last year. But the government’s new draft telecom policy – released on Wednesday – expands the telecom regulator’s…

SoftBank, the largest investor in Oyo Hotels & Homes, has cut its internal valuation of the hospitality startup to $2.7 billion at a time when Oyo has filed fresh documents with the market regulator for its proposed initial public…

SoftBank, the largest shareholder in IPO-bound Oyo, has slashed the hotel-booking firm’s valuation by 20%, from $3.4 billion to $2.7 billion, after benchmarking it against peers with similar operations. Three years ago, Oyo was valued at…