Aditya Ghosh on Oyo Board, Rohit Kapoor named new CEO
Ghosh said he will focus on governance, profitability, communications, consumer experience, security and safety
Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitali...
ET Awards 2019: Raspberry sorbet, kebab platter at the table; Goyal-Bajaj moment, Ola-Oyo bosses bond over Ladakh, dogs
There was a lot more ...
Zolostays raises $7 million from Trifecta Capital
The firm competes with Oyo’s Life brand, StanzaLiving, and Nestaway-owned Hello World. Last month, Zolostays appointed Sidhartha Mehra from Jupiter Capital as chief financial officer.
Late-stage Indian startups bulk up its boards with independent hands
Oyo, Ola, Freshworks, Flipkart and Paytm are mong leading home-grown tech ventures that have brought in industry veterans to address compliance and governance issues.
Oyo, Apax join race for significant stake in CCD
The company in August had launched a coffee chain – The French Press. SoftBank-backed Oyo is looking to expand in the café business for some time, and CCD’s already established outlets across 200 cities could be a major boost. Oyo is the only strategic investor — in a similar line of business — to have submitted a bid.
Betsy Atkins joins Oyo board as Independent Director
Atkins, who founded Baja Corp, an early-stage technology, energy and healthcare-focused investment firm in the early 90s, has sat on the boards of corporations like Schneider Electric, Volvo, Polycom and Nasdaq.
OYO appoints Betsy Atkins as independent director
As an independent member of the board, Betsy will play a supervisory role and provide guidance to the founder and the management on key business decisions, OYO Hotels & Homes said in a statement.
After WeWork, SoftBank’s startup accounting model under fire. Oyo raises eyebrows
The Vision Fund put $250 million into Oyo in 2017 and led a $1 billion funding round last year, which pushed the Indian company’s valuation to $5 billion. Son encouraged Agarwal to expand into markets such as China and the U.S. and to buy properties, including the Hooters Casino in Las Vegas for $135 million.
Oyo Parent suffers Rs 2,385-cr net loss, operating expenses jump more than 390%
The rise in total expenses comes at a time when the company has been expanding aggressively into overseas markets, particularly in China, where it has committed huge amount of capital, along with the US and the UK.
Oravel board okays $1.5b for Oyo from SoftBank, RA Hospitality
The investment comes a little over a month after the company stated that its founder and group chief executive Agarwal would invest $700 million into the company he founded in 2013, with the rest coming in from SoftBank and other unnamed investors.
SC judges behind Ayodhya verdict 'Personality of the Year'; Verdict top event of decade: Yahoo India
Yahoo India's 'Decade in Review' list reflects the year's top trends and the Ayodhya verdict on the disputed land of Ram Mandir-Babri Masjid took the first spot followed by abrogation of Article 370 came in at number two. Surgical strikes, GST, rise of BJP, Article 377, Nirbhaya rape case and Mangalyaan made it to the list as well.
Over 500 hotels in 100 cities may have checked out of Oyo since April
The hotels have previously accused Oyo of contract breaches, arbitrary commission rate changes, stoppage of minimum guarantee amounts and threatening legal notices among other things. Oyo has denied this. FHRAI has also complained to the Competition Commission of India (CCI) against the company.
Impromptu celebration, yummy cheesecake: Aditya Ghosh completes 1 year as OYO CEO, thanks Ritesh Agarwal
In a detailed LinkedIn note, Ghosh said he has evolved as a person.
ET Awards 2019: Time to take some decisive steps, say industry captains
Union home minister Amit Shah along with finance minister Nirmala Sitharaman and minister for railways and commerce Piyush Goyal tried to calm the nerves, a day after government data showed that economic growth had slowed down to 4.5% for the July-September 2019 quarter, the slowest growth recorded in over six years, and had slipped below 5% for the first time.
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