In this uncertain economy, age-old businesses have laid off their employees by drastic margins, giving way for an abrupt terrain for employees and businesses to sustain in the start-up ecosystem. India is seeing waves of changes in the transitioning of the travel tourism sector in 2021.
Oyo’s Firing Spree — By-Product Of A Highly Combustible Business Model?
Oyo’s business model is filled with gaping voids just like WeWork, which turned out to be a spectacular bust and an embarrassing setback for Softbank when the market rejected its IPO valuation
Will OYO sacrifice profitability as it competes in Southeast Asia?
A filing with India’s Ministry of Corporate Affairs last week revealed that burgeoning hospitality chain OYO Rooms (also known as OYO Homes & Hotels) is not expected to be profitable until 2022.
Drivezy partners with OYO Hotels and Homes
Drivezy to station 100,000 bikes and cars at OYO’s properties across India over the next three years. Bangalore-based vehicle sharing platform, Drivezy, announced a strategic business partnership with OYO Hotels & Homes, India and South Asia’s largest, China’s 2nd largest,…
OYO to buy Lovely Professional University’s hostels worth $200 million
It is reported that the talks between Oyo Hotels and Lovely Professional University are at an advanced stage and that the deal could be worth $200 million.
OYO’s Collection O Hotels launches 175 properties in 3 months
OYO Hotels and Homes, South Asia’s largest and the world’s 3rd largest and fastest-growing chain of fully-operated, franchised and leased hotels, homes, announced that within a span of 3 months
Founder Ritesh Agarwal looks to bulk up ownership in Oyo
Oyo founder, Ritesh Agarwal is in the midst of buying back shares from early investors Sequoia Capital and Lightspeed Venture Partners to bulk up his ownership, said three people familiar with the matter.
OYO inks strategic pact with China’s Meituan
OYO Hotels and Homes, the world’s sixth largest and fastest-growing chain of leased and franchised hotels, homes and living spaces, has today
Oyo becomes largest hotel brand in China
Oyo Hotels and Homes said on Tuesday it has expanded its presence to more than 337 cities in China with five lakh rooms and emerged as the largest single hotel brand.