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Oyo slashes issue size as it refiles for IPO

Finance

03 April, 2023

Oyo slashes issue size as it refiles for IPO

Softbank-backed hotel aggregator Oyo has submitted a confidential "pre-filing" document for a likely slimmed-down initial public offering, a source told ......

Oyo to refile draft papers for IPO with Sebi by Feb

Finance

18 January, 2023

Oyo to refile draft papers for IPO with Sebi by Feb

Hospitality unicorn Oyo on Wednesday said it would refile its draft initial public offering (IPO) documents by mid-February after the ......

Ola sacks employees post restructuring

TMT

13 January, 2023

Ola sacks employees post restructuring

Bengaluru-based cab aggregator platform Ola Cabs has laid off employees from some of its verticals as part of a restructuring ......

Sebi directs Oyo to refile DRHP with select updates

Consumer

03 January, 2023

Sebi directs Oyo to refile DRHP with select updates

The Securities and Exchange Board of India (Sebi) has asked Oravel Stays Ltd, the parent company of travel-tech firm Oyo, ......

Oyo to layoff 600 execs across technology teams, hire 250 for sales

TMT

03 December, 2022

Oyo to layoff 600 execs across technology teams, hire 250 for sales

Oyo plans to lay off 600 executives across its technology and product teams as it shuts down projects and merges ......

Byju's tops list of largest companies funded by VC, PE companies

TMT

01 December, 2022

Byju's tops list of largest companies funded by VC, PE companies

Edtech major Byju's, with value of ₹47,680 crore, has topped the list of most valuable companies that attracted Private equity ......

Oyo reports 8x rise in EBIDTA, losses narrow ahead of IPO

TMT

27 November, 2022

Oyo reports 8x rise in EBIDTA, losses narrow ahead of IPO

IPO-bound global travel tech firm Oyo has reported an eight times rise in adjusted EBITDA at Rs 56 crore in ......

IPO-bound Oyo appoints personnel to enhance service tech, push revenues

TMT

07 October, 2022

IPO-bound Oyo appoints personnel to enhance service tech, push revenues

Hospitality and travel-tech startup Oyo, formally known as Oravel Stays Ltd, on Friday announced the appointment of Shreerang Godbole as ......

Oyo's valn dips in private market after SoftBank's markdown

Finance

05 October, 2022

Oyo's valn dips in private market after SoftBank's markdown

The valuation of IPO-bound Oyo in the private market has dipped to around $6.5 billion, reported news agency PTI, after ......

Oyo founder's salary increases significantly in FY22

Consumer

21 September, 2022

Oyo founder's salary increases significantly in FY22

Hospitality and travel-tech firm Oyo's founder and chief executive officer (CEO) Ritesh Agarwal's salary rose to ₹5.6 crore during the ......