Oyo founder Ritesh Agarwal. Oyo is currently doing a pilot of its first cloud kitchen under the Adrak brand.(Bloomberg) Bengaluru: Budget hotel startup Oyo Rooms (Oravel Stays Pvt. Ltd) plans to ...

“In late-2015, OYO had explored a potential acquisition of Zo Rooms. The non-binding term sheet for this deal already stands terminated in September 2016. Following this, we tried to identify ...

Following ongoing criticism, OYO, the popular hotel booking platform, has announced new documentation requirements for room bookings to address concerns and ensure responsible hospitality. OYO, a ...

Oyo is present in more than 350 cities across the five countries and claims to host more than 125,000 stayed room nights every day. In September 2017, Oyo raised $250 million, mostly from SoftBank ...

OYO Rooms, the budget hotel network that raised $250 million in September from SoftBank’s Vision Fund and hotel giant China Lodging, confirmed today that it didn’t buy out close rival ZO ...

Oyo was founded in 2013 and is backed by investment firms, including SoftBank. It expanded to the United States in 2019, and last year it bought the Motel 6 chain .

Launched last year, Oyo’s Townhouse sub-brand is aimed at the growing number of Indians who can afford $50-$60 for a room. For now, though, Oyo’s main competitive edge still stems from Mr ...

Budget hotel aggregator Oyo Rooms is closing a $90-million financing round, split into two tranches, led by its largest shareholder SoftBank, people familiar with the matter said. Ritesh Agarwal ...

From 42% a year ago, OYO holds 71% (or 65,000 rooms) of the inventory in the 6,000 properties it is currently present. It recently raised $100 million from SoftBank and other investors.