Tag: OYO
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Oyo Secures $50 Million Funding After Nearly Three Years, Company Valuation Sees Shift
Oyo, the Gurugram-based hospitality giant, has secured fresh funding of Rs 416.85 crore (approximately $50 million) from InCred Wealth and Investment. This marks the company’s first significant investment in nearly… Continue reading Oyo Secures $50 Million Funding After Nearly Three Years, Company Valuation Sees Shift
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Oyo Secures Shareholder Approval for Fresh Funding Through Preference Shares
Travel technology giant Oyo has received a resounding vote of confidence from its shareholders, securing approval to raise ₹416.85 crore through the issuance of preference shares. This decision, passed by… Continue reading Oyo Secures Shareholder Approval for Fresh Funding Through Preference Shares
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Oyo’s Valuation Slashed in New Funding Round of 2024
Indian budget-hotel chain startup Oyo is reportedly finalizing a new funding round of $100 million to $125 million, marking a significant decrease in its valuation to $2.5 billion. This represents… Continue reading Oyo’s Valuation Slashed in New Funding Round of 2024
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OYO Records First Profit After 12 Years, Driven by Travel Rebound
Ritesh Agarwal, CEO of travel tech giant OYO, announced a significant milestone for the company: its first full-year net profit in its twelve-year history. OYO, well-known for its presence on… Continue reading OYO Records First Profit After 12 Years, Driven by Travel Rebound
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