Oyo News
Oyo founder Ritesh Agarwal shares THIS important tip for aspiring millionaires: ‘Journey is more important than…’
In the inaugural episode of his podcast ‘How to Become a Millionaire’, Oyo Rooms founder Ritesh Agarwal said he is often asked how to earn more money and become a millionaire.
1 min read5 Mar 2025Upcoming IPO: OYO IPO to hit Dalal Street within next 6-12 months
Oyo Hotels plans to launch an IPO on Indian stock exchanges within 6 to 12 months, following consistent profits over the last eight quarters. The startup reported a net profit of ₹229 crore in FY24, marking its first full-year profit in 12 years.
1 min read4 Mar 2025Anupam Kher brings out actor in OYO’s Ritesh Agarwal - ‘Anybody can act…’ | Watch video
Ritesh Agarwal, CEO of OYO Rooms took a lesson out of Bollywood veteran Anupam Kher’s playbook, according to a post on the social media platform X on Wednesday.
1 min read12 Feb 2025Oravel subsidiary Oyo Hotels and Homes reports decline in revenue in FY24
Oyo Hotels reported a 15% revenue decline in FY24, from ₹1,312 crore to ₹1,113 crore, but achieved a profit of ₹11.5 crore, recovering from a ₹27 crore loss in FY23. The company also changed its check-in policy for unmarried couples in Uttar Pradesh.
2 min read7 Jan 2025OYO Results: Hotel chain operator reports ₹114.64 crore net profit in FY2024, revenue drops 15%
OYO Results: Hotel chain operator earned ₹114.64 crore net profit in FY2024; revenue dropped 15 per cent.
1 min read7 Jan 2025Unmarried Couples not allowed? OYO revises guidelines; relationship proof required for check-in
OYO has revised its check-in rules, prohibiting unmarried couples from checking in at partner hotels in Meerut, Uttar Pradesh. Couples must present valid proof of relationship, and hotels can accept or decline bookings based on local sensibilities.
1 min read5 Jan 2025Ritesh Agarwal’s ambitions for Oyo are still intact
Oyo’s acquisition of Motel 6 aims to enhance its US presence and profitability, positioning it for a potential public listing after past failures. But how long will it take for Ritesh Agarwal to return Oyo to its 2019 peak
3 min read27 Sep 2024OYO parent Oravel Stays to acquire Motel 6, Studio 6 from Blackstone paying $525 million in an all-cash deal
Oravel Stays, parent of OYO, will acquire G6 Hospitality, operator of Motel 6 and Studio 6, with the deal closing in Q4 2024. OYO aims to enhance these brands using its technology and distribution network, while maintaining their separate identities.
1 min read21 Sep 2024As travel rebounds, Oyo checks in its first full-year net profit
Founder Ritesh Agarwal said on X that the travel and hospitality company had recorded its eighth consecutive quarter of positive EBITDA in the three months ended March
2 min read30 May 2024Oyo withdraws draft IPO papers, to refile after refinancing $450 million loan
Oravel Stays prepaid a sizeable portion of its debt in November through a buyback process totalling ₹1,620 crore.
1 min read22 May 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared