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Posts Tagged ‘ Oravel Stays Pvt Ltd ’

OYO may raise $500 mn from SoftBank, check into unicorn club

Monday, February 27, 2017 | More »

Anil Goel
Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, is in talks to raise $300-500 million (Rs 2,000-3,335 crore) from SoftBank Vision Fund, in what will possibly be one of the biggest deals in India’s consumer internet space, media reports said on Monday. If the deal goe...


OYO Rooms appoints Amazon exec as CTO

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, has appointed Anil Goel as chief technology officer, according to a press statement. Goel was previously with Amazon as the global head of technology for customer returns and reverse logistic business. Prior to that, he was t...

7 November, 2016 | More »


Oyo Rooms raising $90 mn from SoftBank, others

Delhi-based Oravel Stays Pvt. Ltd, which runs the branded budget hotels marketplace Oyo Rooms, is raising $90 million (Rs 600 crore) from existing Japanese investor SoftBank Group Corp, according to a report. The Times of India reported that Oyo has already received $61 million and will receive the ...

16 August, 2016 | More »


Hotel room aggregator OYO turns profitable

SoftBank-backed budget hotel room aggregator OYO Rooms said it has attained profitability at an aggregate level. The firm, which is operated by Gurgaon-based Oravel Stays Pvt. Ltd, claimed that it was operationally profitable until June 2015 before it went for expansion but regained profitability at...

10 May, 2016 | More »


Freecultr’s CPO quits to join OYO Rooms

Talvinder Singh, chief product officer of fashion e-commerce portal Freecultr, has quit the company within six months after joining it. Talvinder, who had joined Freecultr in August 2015, joined budget hotels aggregator OYO Rooms as product head. When contacted by Techcircle, both Talvinder and Free...

13 April, 2016 | More »


OYO buys Zo, Zostel in all-stock deal; Zo founders quit

It’s official. Budget hotel aggregator OYO Rooms has acquired Tiger Global-backed smaller rival Zo Rooms, OYO’s lead investor SoftBank said in an earnings presentation. A formal announcement is expected in the next two weeks, a person directly involved in the transaction told Techcircle.in. S...

10 February, 2016 | More »


OYO Rooms enters Malaysia in overseas push

Branded hotels aggregator OYO Rooms has started operations in Malaysia, marking its first foray outside India. Higher-than-average mobile penetration and a large internet population makes Malaysia an attractive market for OYO, Ritesh Agarwal, founder and CEO. “OYO’s model is suitable for markets...

12 January, 2016 | More »


Hotel aggregator Oyo Rooms eyes rival Zo Rooms

SoftBank-backed hotel aggregator Oyo Rooms is looking to acquire Tiger Global-backed smaller rival Zo Rooms, two media reports said on Thursday, citing three unidentified people each. The talks began about three weeks ago and are in a preliminary stage, The Economic Times reported. The move comes ...

3 December, 2015 | More »

OYO Rooms pilots food-tech, housekeeping services

Budget hotels aggregator OYO Rooms is venturing into meals aggregation and housekeeping services. Quoting Maninder Gulati, head of strategy and corporate development at OYO, the Economic Times reported that OYO is piloting OYO Café, under which it will aggregate food from kitchens of listed hotel p...

16 November, 2015 | More »


Top online travel portals block OYO & Zo Rooms

Budget hotel aggregators OYO Rooms and Zo Rooms will no longer list on online travel agencies MakeMyTrip, Goibibo and Yatra. The three OTAs have blocked OYO Rooms and Zo Rooms,The Economic Times, which first reported the development, said in a news report quoting executives of MakeMyTrip, OYO Rooms ...

28 October, 2015 | More »

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