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SoftBank-backed OYO buys @Leisure Group in biggest overseas deal by an Indian startup

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01 May, 2019

SoftBank-backed OYO buys @Leisure Group in biggest overseas deal by an Indian startup

OYO has acquired a majority stake in European vacation rental company @Leisure Group from German media house Axel Springer SE, ......

OYO raises money from Didi Chuxing to close $1 bn funding round

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14 February, 2019

OYO raises money from Didi Chuxing to close $1 bn funding round

Budget hospitality chain OYO has raised $100 million (Rs 709.4 crore at current exchange rate) from Chinese ride-hailing firm Didi ......

Singapore-based technology firm Grab invests $100 mn in OYO

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05 December, 2018

Singapore-based technology firm Grab invests $100 mn in OYO

Budget hospitality chain OYO has raised Rs 732 crore ($104 million at current exchange rates) from Singapore-based ride-hailing company Grab ......

SoftBank-backed OYO buys AblePlus in second takeover deal

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10 July, 2018

SoftBank-backed OYO buys AblePlus in second takeover deal

Budget hospitality chain OYO has bought Mumbai-based Internet of Things (IoT) technology company AblePlus Solutions Pvt. Ltd to bolster its ......

We are now on-boarding 10,000 rooms in a month: OYO's Ritesh Agarwal

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22 January, 2018

We are now on-boarding 10,000 rooms in a month: OYO's Ritesh Agarwal

Ritesh Agarwal was one of the youngest Indian entrepreneurs to head a startup valued at $100 million. He arguably could ......

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Snapdeal poaches legal head from another SoftBank-backed startup

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18 January, 2018

Snapdeal poaches legal head from another SoftBank-backed startup

Country’s third largest e-commerce company Snapdeal is set to get a new general counsel to head its legal and regulatory ......

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PE deal of the month: SoftBank leaves little room for doubt with top-up in Oyo

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29 September, 2017

PE deal of the month: SoftBank leaves little room for doubt with top-up in Oyo

Ever since Japanese telecom and Internet conglomerate SoftBank Group Corp raised its mammoth $93 billion Vision Fund in May this ......

Budget hotel marketplace OYO raises $10 mn from China Lodging Group

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13 September, 2017

Budget hotel marketplace OYO raises $10 mn from China Lodging Group

Chinese hotel operator China Lodging Group Ltd has picked up less than 5% stake in budget hotel marketplace OYO Rooms ......

Oyo raises $250 mn in Series D round from SoftBank, Hero promoters & others

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07 September, 2017

Oyo raises $250 mn in Series D round from SoftBank, Hero promoters & others

Branded budget hotels marketplace OYO has raised $250 million (Rs 1,600 crore) in a Series D round of funding led ......

OYO Rooms pares losses in FY17, but mum on revenue

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29 July, 2017

OYO Rooms pares losses in FY17, but mum on revenue

Budget hotel aggregator OYO Rooms, run by Oravel Stays Pvt. Ltd, narrowed its losses for the financial year ended March ......