Tag: OYO
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
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
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
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
