Articles tagged “oyo”

Oyo looks to make the most of India's burgeoning outbound travel market, as evidenced by its recent launch of premium hotels in popular destinations for Indian tourists.

Summer is peak travel time for Indians due to vacations. However, this time, it is the heat that is pushing people out of their homes and to cooler destinations - but not the domestic ones. Here's why.

While Oyo's global expansion plans had been on pause mode during Covid, the hospitality company now seems to be diversifying its geographic footprint.

On this week's podcast, our India-based editors look at IndiGo's new business class offering and discuss the latest on Oyo's IPO plans.

This upgrade is a testament to Oyo's strengthening financial position and the broader positive trends within India's hospitality industry.

Oyo is seeking to raise $80-$90 million from InCred's family offices at a reduced valuation to pay off debt and refile for an IPO.

Has Oyo withdrawn its draft red herring prospectus? Yes. Has it shelved its IPO plans? No. According to sources, the withdrawal of Oyo's draft papers does not indicate that the hospitality company is abandoning its plans to go public.

While Oyo may look to go upscale in India its growth strategy in the U.S. primarily relies on its budget hotel segment.

Oyo CEO Ritesh Agarwal talked candidly about his dramatic past year. He saw his business thrive and became a judge on the popular TV show Shark Tank India. However, he also suffered personal loss and saw an IPO filing stall.

Oyo has been focused on hyper-growth. Its CEO wants to keep going, but he's happy to take a pause first if needed.