Browsing Tag

oyo

Youth found hanging in OYO hotel room in Bhubaneswar

Chinmayee Dash Mar 26, 2023

Bhubaneswar: A youth was found hanging inside a room of an OYO hotel at Khandagiri area here in the city capital today. The deceased youth has been identified as Durga Prasad Mishra, a resident of Niali in Cuttack district. According…

ECONOMY

OYO to file $1.2 billion IPO next week

Sambad English Bureau Sep 23, 2021

Bhubaneswar: Indian hospitality startup OYO Hotels and Rooms may file an initial public offering (IPO) next week and the goal is to raise around $1.2 billion, Reuters quoted a source today. The hotel aggregator, whose 46 percent stake is…

ECONOMY

Microsoft, OYO sign deal to digitally transform travel industry

Sambad English Bureau Sep 9, 2021

New Delhi: Tech giant Microsoft and travel technology platform OYO on Thursday announced that they have entered a multi-year strategic alliance to co-develop next generation travel and hospitality products and technologies. OYO will…

ECONOMY

Microsoft planning to invest in OYO, says report

Sambad English Bureau Jul 30, 2021

New Delhi: Satya Nadella-run Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel chain OYO at a valuation of $9 billion, the media reported on Friday. According to a TechCrunch report citing sources, a deal may…

INDIA & BEYOND

OYO files for bankruptcy; here’s a fact check

Sambad English Bureau Apr 7, 2021

Bhubaneswar: Amidst the buzz doing the rounds that OYO Group has filed for bankruptcy, here's a fact-check into the series of events. After a Hyderabad-based hostel filed an insolvency petition against OYO Hotels and Homes Pvt Ltd…

ECONOMY

OYO to triple room count in Himachal by 2022

Sambad English Bureau Sep 26, 2020

Shimla: Hospitality chain OYO Hotels & Homes in Friday announced its plans to strengthen its footprint in Himachal Pradesh, amid coronavirus, by aiming to triple its room count by 2022. OYO opened its doors in the state in 2015 and…