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
ritesh agarwal
August 2023
January 2023
December 2022
September 2022
October 2021
September 2021
July 2021
SEBI asks OYO to refile IPO draft papers with changes
The Softbank-backed travel tech firm eyes raising ₹8,430 cr. The proposed offering comprises a fresh issue of shares of up to ₹7,000 cr and an OFS worth ₹1,430 cr.
OYO reaches out to companies to hire its sacked employees
OYO will let go of 10% of its staff from its product, engineering, corporate and vacation homes teams. Layoffs are seen as a clean-up ahead of its IPO launch next year.
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.
OYO CEO Ritesh Agarwal’s FY22 pay up 350% to ₹5.6 cr
Massive rise in Agarwal's remuneration came at a time when OYO resorted to cuts across salary & bonus, marketing and other expenses to curb losses.
OYO files revised IPO papers with SEBI
OYO had filed initial papers with SEBI to raise about $1.1 billion in 2021. Revised DRHP shows a reduction in losses in FY22
“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.”
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.
