Delhi HC rejects Zostel’s plea seeking OYO IPO suspension and 7% Stake
The Delhi High Court rejected Zostel's appeal seeking IPO suspension amid its long-running squabble, which is a major relief for...
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- Jul 16, 2021
- 1 min
Oyo raises $660 Mn in debt funding
What's the news? Oyo Hotels & Homes has closed a debt financing round of $660 Mn from global institutional investors even as the country...
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- Jul 9, 2021
- 1 min
goSTOPS raises $1 Mn in pre-Series A round led by IAN, Yuj Ventures
What's the news? goSTOPS on Thursday said it raised $1 million in a pre-Series A round led by Indian Angel Network (IAN) and Yuj...
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- Jun 30, 2021
- 1 min
Treebo Hotels closes $16 Mn in Series D round led by Accor
What's the news? Treebo Hotels announced the closure of its Series D investment round, whereby it has raised $16 Mn led by Accor, The...
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- Jun 7, 2021
- 1 min
OYO says creditors have ‘No Grounds’ to claim disputes of INR 250 Cr in ongoing insolvency plea
What's the news? Almost 2 months after one of OYO’s subsidiary unit OYO Hotels and Homes Private Limited (OHHPL) was dragged to tribunal...
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- May 21, 2021
- 1 min
OYO to raise $600 million from US institutional investors
What is the news ? Hospitality firm OYO is looking to raise $600 million in debt from the US institutional investors to service its...
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- May 18, 2021
- 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...
Chethan Machaknur
- Mar 8, 2021
- 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...
Chethan Machaknur
- Mar 2, 2021
- 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...
Startup News
- 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...
Startup News
- 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...
Startup News
- 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...
Startup News
- 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...
Startup News
- 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...