Ritesh Agarwal’s online marketplace for affordable stays, OYO Rooms, received $100 million in funding from SoftBank earlier this week. Agarwal is 21, and demographically aligned to a youthful country ...
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SoftBank is back investing in India after it lead a $100 million round for OYO Rooms, a two-year-old startup that runs an online marketplace for affordable hotels in the country. The company’s mission ...
Global travel technology company, OYO’s US operations reported that it has outpaced the budget hotel industry’s per room revenue (RevPar) growth in 2023. While OYO's per room revenue witnessed a ~17% ...
It was 1 am by the time Ashwini S, a Bengaluru-based marketing professional, checked into the hotel in Mumbai. Business travel was routine for her and she wasn’t worried as, over the past few months, ...
Mark Zuckerberg wanted to connect people, so he built Facebook. When on a snowy night in Paris in 2008, Travis Kalanick and Garrett Camp couldn’t get a cab, the two were inspired to set up Uber. CEO ...
The OYO-ZO Rooms’ battle is now getting fiercer and the ball is steadily moving towards OYO’s court. Reportedly, a Gurugram-based district court has rejected an arbitration petition filed by budget ...
First, it laid off about 20 per cent of its 12,000-strong staff in India in end-2019, and cut down 5 per cent of the 12,000-strong workforce in China as part of a restructuring. In India, it pulled ...
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