SoftBank's Masayoshi Son does an Oyo with Arm
SoftBank buys back stake from Vision Fund in UK-based chip designer similar to Ritesh’s leveraged buyback deal in Oyo
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August 2023
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July 2021
Startup funding declines 35% YoY to $24.7 bn in 2022
The number of funding rounds has dropped by 30% to 1,841 so far this year from 2,647 seen in the Jan-Nov period last year, according to a report by Tracxn
OYO Hotels Q2 net loss narrows to ₹333 cr; H1 revenue up 24%
OYO Hotels' parent company Oravel Stays plans to launch its initial public offering (IPO) by early 2023.
CCI imposes ₹392 cr fine on MakeMyTrip, Goibibo, OYO
The regulator has slapped a fine of ₹223.48 crore on MakeMyTrip-Goibibo (MMT-Go) and ₹168.88 crore on OYO (Oravel Stays Limited) for indulging in anti-competitive conduct.
The great promise and dangers of being OYO
While the company streamlined unorganised travel sectors in different markets, the Covid-19-struck online travel agency is caught in a cycle of debt with very little space to paddle.
“Kept our eyes and ears close to the ground”
“Whenever the company is facing any challenge, go back to customers and partners, they will tell you what to do. All the decisions we took after Covid-19 were based on feedback and suggestions.”
Entrepreneurial explosion
India last experienced such a burst during defining moments such as Independence or the reforms of the 90s. With enormously influential firms, they are truly the Tatas and the Bajajs of the 2000s.
Ritesh Agarwal’s ownership cost highest among Oyo investors
Buyback from a clutch of investors and staff ESOP pool jacks up cost to ₹101 a share.
When I was starting I had this conviction of now or never: Ritesh Agarwal
Having built one of India’s most successful unicorns with a global footprint in less than a decade, Ritesh Agarwal of OYO is now tapping into newer opportunities such as staycation and holiday homes.
Care, cash, evolution: How OYO navigated Covid-19
OYO was hit hard by the pandemic last year. Founder Ritesh Agarwal, who is at the forefront of reimagining OYO for a post-pandemic future, explains how he has been crafting this strategy.
