ixigo gets SEBI nod to raise funds via IPO, Oyo drops listing plans
IPO of Ixigo comprises fresh issue worth ₹120 cr and OFS of 6,66,77,674 shares by existing shareholders
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SEBI asks OYO to refile IPO draft papers with changes
The Softbank-backed travel tech firm eyes raising ₹8,430 cr. The proposed offering comprises a fresh issue of shares of up to ₹7,000 cr and an OFS worth ₹1,430 cr.
OYO Hotels Q2 net loss narrows to ₹333 cr; H1 revenue up 24%
OYO Hotels' parent company Oravel Stays plans to launch its initial public offering (IPO) by early 2023.
OYO CEO Ritesh Agarwal’s FY22 pay up 350% to ₹5.6 cr
Massive rise in Agarwal's remuneration came at a time when OYO resorted to cuts across salary & bonus, marketing and other expenses to curb losses.
The great promise and dangers of being OYO
While the company streamlined unorganised travel sectors in different markets, the Covid-19-struck online travel agency is caught in a cycle of debt with very little space to paddle.
Care, cash, evolution: How OYO navigated Covid-19
OYO was hit hard by the pandemic last year. Founder Ritesh Agarwal, who is at the forefront of reimagining OYO for a post-pandemic future, explains how he has been crafting this strategy.
Covid-19: Lessons from the Grey Swan
Our lack of operational and financial preparedness on the Coronavirus pandemic cannot be justified by calling this a Black Swan event.
The rise of Asian startups
A panel at the WEF’s India Economic Summit which had OYO’s Aditya Ghosh and Zilingo’s Ankiti Bose says many startups in Asia have created global brands and are at the forefront of innovation.
OYO Hotels to acquire Amsterdam-based @Leisure Group
The hotels major will acquire @Leisure from Axel Springer, a media and technology company, for nearly €369 million ($416 million).
OYO to invest ₹1,400 crore in India, South Asia
The company says it wants to focus on franchise building rather than chase short-term goals like profitability.
