Tuesday, 9 August, 2022
TopicOyo Hotels

Topic: Oyo Hotels

‘Absolutely untrue’ – Oyo’s Ritesh Agarwarl denies bankruptcy claim after Rs 16 lakh claim

Saritha Rai -
Oyo, one of the larger startups in the SoftBank Group’s portfolio, was struggling to restructure and whittle down loss-making operations even before the pandemic obliterated travel.

Ritesh Agarwal’s Oyo sends thousands of workers outside India on leave without pay

Saritha Rai -
Oyo hasn’t yet determined the precise number of workers to be furloughed because it is sorting through local labour laws in various countries.

Kashmiri student alleges OYO Room in Delhi didn’t let him check-in because of his identity

Simrin Sirur -
Manager at OYO Aasha Residency hotel admits it is turning away customers from Jammu and Kashmir but blamed it on “verbal orders” of Delhi Police. 

Oyo raises $1.5 billion at $10 billion valuation from founder Ritesh Agarwal, SoftBank

Saritha Rai -
Oyo founder 25-year-old Ritesh Agarwal will spend $700 million to buy new shares as a part of a $2 billion plan to triple his ownership stake.

Oyo founder Ritesh Agarwal to invest $2 billion to increase stake in company

Saritha Rai -
The 25-year-old founder will buy shares from existing investors Lightspeed Venture Partners and Sequoia India, which will remain backers.

Ritesh Agarwal’s Oyo to invest $300 million to expand in US

Patrick Clark -
Ritesh Agarwal’s Oyo is adding hotels at the pace of one a day in the US, and aims to expand the offerings at five times that rate by the end of 2019.

Meet the 24 year old who built a $5 billion hotel startup in five years

Saritha Rai -
Ritesh Agarwal model combines a reservation site with a full stack of services for small hoteliers who want to up their game.

24-year-old founder of Oyo Hotels raises $1 billion to expand overseas business

Saritha Rai -
Oyo has expanded beyond India into China, Malaysia, Nepal and Britain in the last 2 years.

On Camera

YourTurn

Opinion

Representational image | Indian Navy/Facebook

Tale of two ships – How Delhi is asserting Indianness of the Indian Ocean to China

Jyoti Malhotra -
A US Navy ship docked in an Indian port for the first time. And a Chinese ship couldn’t in Sri Lanka. New Delhi is finally pulling strings.
Ministry of Defence headquarters | Representational image | Commons

SPARSH will make defence pension digital, but problems won’t disappear. Ask pensioners

Opposition leaders protest outside Parliament | Representative image | ANI

Confused, aimless—why Opposition parties live up to Ronen Sen’s ‘headless chicken’ remark

Economy

Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

Shubham Batra -
The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

Snehesh Alex Philip -
The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

National Interest

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Shekhar Gupta -
Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.

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