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OYO Officially Launches Co-Working Product Powerstation

Powering through its expansion plans OYO has been foraying into several products and countries at light speed. The report has exclusively been reporting the developments around OYO’s plans to enter into co-working space. It had acquired Innov8 in January and…

OYO Confirms Investment From AirBnB

Half a month ago, The Information had circulated a report saying that US-based homestay aggregating application Airbnb is in talks with Indian hospitality chain OYO Rooms. It is likely to invest around $100-200 million in the Indian startup. According to…

OYO Acquires Midscale Chinese Hotel Brand Qianyu

OYO has been playing aggressively in global markets, particularly in China. The SoftBank-backed company claims the largest inventory of 3,60,000 rooms across China. To ramp up its operations in the country where many stalwarts including Amazon and Uber had to…

OYO Announces Acquisition Of Innov8

OYO has finally announced the acquisition of coworking firm Innov8 in an all-cash deal. According to an email sent to OYO employees by Rohit Kapoor, Chief Executive Officer of new real estate businesses. The company will be opening up several…

OYO To Invest Rs 1,400 Crore In India Ops

Hospitality chain Oyo Hotels & Homes announced a commitment of Rs 1,400 crore ($ 200 million) for the India & South Asia business on Tuesday. Oyo said the investment is directed at its efforts to further double down on its…

OYO Is Launching Coworking Space Named As PowerStation

OYO has been on an expansion spree globally as well as locally. While the SoftBank-backed firm has been expanding its core hospitality business in various overseas markets. It’s making debuts in several segments such as event management, co-living, foodtech, and…

OYO Silently Adds A New Vertical To Its Hospitality Empire

Foodtech has turned out to be an opportunity that no one wants to miss. Be it Kishore Biyani’s Future Group, shuttle service Shuttle or OYO. They all aspired to get a pie of fledgeling food delivery segment that is set…

Softbank-Backed OYO To Acquire Fresh Menu In $50-60 Million

With $1 billion in its pocket, OYO has been on an acquisition spree in 2019. After Innov8 and Keys Hotels, the company is now involved in due diligence of Fresh Menu. The deal is slated to be worth $50-60 million…

OYO Enters Saudi Arabian Hospitality Market

Hospitality firm OYO Wednesday said it has launched operations in Saudi Arabia with the signing of deals for 50 hotels having more than 3,000 rooms across seven cities. These properties will be operated under the franchise model with full inventory…

Oyo Gets $100 Million From China’s Ride-Hailing Giant Didi Chuxing

Gurgaon-headquartered hospitality company Oyo has raised $100 million from Star Virtue Investment. An entity controlled by the Chinese cab-hailing giant Didi Chuxing, according to the report. The funding took place on 22nd January. It is meant to be a part…