Monday, 17 January, 2022
TopicRitesh Agarwal

Topic: Ritesh Agarwal

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

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 is facing major problems due to Masayoshi Son’s dramatic overreach

With its chaotic rush to expand in Japan, Oyo infuriated potential partners, alienated workers and jeopardised its reputation with local customers.

OYO was the big disruptor in India’s hotel industry, forcing even Tata to take note

OYO founder Ritesh Agarwal was just 18 when he came up with the idea. Within just a few years, OYO surpassed the valuation of India’s oldest hotel company.

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

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

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

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.

OYO’s big expansion plans can put the entire business at risk

There are enough anecdotes to suggest OYO’s management may be struggling to keep order among franchisees while maintaining focus on adding more.

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

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

On Camera

YourTurn

RBI proposes changes to valuation of bank investments, relaxing of investment class rules

A Reserve Bank of India discussion paper Friday suggested removing caps on the Held-To-Maturity class of securities, and allowing more types of instruments to be held within them.

Defence

A visual from the crash site in Tamil Nadu. | Photo: Twitter/ANI

CDS chopper crash was caused by weather change, leading to Controlled Flight Into Terrain: IAF

In Friday statement, IAF says tri-service Court of Inquiry ruled out mechanical failure, sabotage or negligence as cause of accident involving Mi-17 V5 helicopter last month.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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