On Ram Janmabhoomi temple, Jefferies says potential beneficiaries in the hotels and hospitality sector are Indian Hotels Company Ltd, ITC Hotels, EIH Ltd, and Oyo Rooms.
SoftBank buys back stake from Vision Fund in UK-based chip designer similar to Ritesh’s leveraged buyback deal in Oyo
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' parent company Oravel Stays plans to launch its initial public offering (IPO) by early 2023.
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.
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.
“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.”
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.
Buyback from a clutch of investors and staff ESOP pool jacks up cost to ₹101 a share.
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.
