13 hours ago
1 min

OYO subsidiary's insolvency case: NCLAT allows FHRAI to intervene

What is the news ? “FHRAI has been receiving several complaints from member hotels with respect to the non-payment of debts by OYO for...

Mar 8
1 min

OYO vs ZO Rooms: Zostel says it won 3-year legal battle over alleged agreement breach; OYO refutes

Zostel said it has won 3 year legal battle against Oravel Stays (OYO) with regards to the alleged breach of a binding agreement by latter...

Mar 2
1 min

OYO offloads 150 employees to audit KPMG in cost-cutting measure

OYO has offloaded 150 employees to research and consultancy firm KPMG as it looks to shed workforce outside its core focus areas. It is...

Mar 18, 2020
1 min

Oyo raised $807 Mn from SoftBank & RA Holdings

Oyo raised $807 mn as part of its $1.5 billion fundraise from SoftBank and RA Hospitality, & has issued 15,325 CCCPS to SVF India...

Mar 16, 2020
1 min

OYO offers cash in OYO Japan hotels due to coronavirus pandemic

OYO is now offering cash to hotels in Japan to join its platform as the coronavirus pandemic increases the demand for rooms ahead of the...

Mar 5, 2020
1 min

OYO to cut 5,000 jobs globally; China to see highest reduction

OYO Hotels would be laying off 5,000 employees from its global workforces, mostly form China where the coronavirus outbreak has foiled...

Jan 28, 2020
1 min

Headache Mounting at OYO;Zo Rooms challenges Oyo rejig in HighCourt; Corporates End Tie-Ups

First, ZO Rooms filed a petition in the Delhi High Court, OYO has been given 2 weeks to respond to arbitrator explaining its...

Jan 25, 2020
1 min

Tim Draper invests $3.5 Mn in Tribe Theory

VC Tim Draper has invested $3.5 Mn in Tribe Theory, an international entrepreneur-focused hostel chain. The hostel chain was founded by...

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