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Posts Tagged ‘ OYO Rooms ’

SoftBank’s Masayoshi Son to visit India; big announcement on Ola expected

Monday, November 21, 2016 | More »

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SoftBank Group Corp chairman and managing director Masayoshi Son is coming to India early December when the Japanese telecom and Internet conglomerate is expected to make a few high-profile announcements, said two people directly aware of the upcoming visit. SoftBank is one of the largest investors ...

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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 »

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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 »

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Online hotels aggregator Treebo raises $16.7 mn led by Bertelsmann

Bangalore-based Ruptub Solutions Pvt. Ltd, the operator of online budget hotels aggregator Treebo Hotels, has raised Rs 112 crore ($16.7 million) in its Series B funding round that was led by Bertelsmann India Investments, the strategic investment vehicle of international media company Bertelsmann. ...

22 July, 2016 | More »

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OYO Rooms taken to court by advisory firm; Microsoft launches online store with Tata CLiQ

A Mumbai-based hospitality advisory firm has dragged OYO Rooms to court for failing to pay dues while Microsoft has launched an online store on TataCLiQ.com, the Tata Group’s e-commerce website. Here’s a quick roundup of the startup and technology stories of the day. Noesis takes OYO Rooms t...

14 June, 2016 | More »

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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 »

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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 »

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OYO Rooms names former Coca-Cola exec Dinesh as HR chief

OYO Rooms, India’s most funded budget hotels aggregator, has appointed former Coca-Cola executive R Dinesh to the newly created position of chief human resources officer. “As we build value in our business and expand our geographical footprint, we remain focused on offering a rewarding emplo...

27 January, 2016 | More »

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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 »

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Oyo Rooms set to acquire rival Zo in all-stock deal

SoftBank-funded budget hotel aggregator Oyo rooms is all set to acquire its Tiger Global-backed smaller rival Zo rooms and a deal may be announced within 10 days, according to a person familiar with the development. The development comes barely weeks after preliminary reports of Oyo looking to acqu...

17 December, 2015 | More »

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