Oyo’s Ritesh Agarwal Invests In Culture Circle At Over Rs 100 Cr Valuation
The company is also expanding its physical footprint with upcoming flagship stores in four additional cities, including Gurugram and Mumbai
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Oyo Eyeing Tapping F&B Sector With In-house Kitchens, QSR Carts
- by BW Retail World Bureau
- May 2, 2025
The company is eyeing to include 1,500 of its company-serviced hotels in the current financial year (FY26) as part of the initiative
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Oyo To Prepay Rs 1,620 Cr Debt Through Buyback Process
- by BW Retail World Bureau
- November 15, 2023
Oyo has unveiled plans to prepay a substantial portion of its debt totaling Rs 1,620 crore through a buyback process. The company, on the brink of an IPO, is set to repurchase 30 per cent of its outstanding Term Loan B (TLB), the company revealed to Bloomberg. The debt repayment, slated for June 2026, follows […]
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Oyo Revenue Surges, Loss Narrows As Company Moves Closer To IPO
- by BW Retail World Bureau
- October 27, 2023
Hospitality leader Oyo, headed by Ritesh Agarwal, has reported a significant increase in revenue and a narrowed loss for fiscal year 2023 as it moves closer to a public listing. In FY23, Oyo, formally known as Oravel Stays, recorded consolidated revenue from operations of Rs 5,463.9 crore, compared to Rs 4,781.3 crore in FY22. The […]
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Oyo To Raise $250mn In A Pre IPO Round
- by BW Retail World Bureau
- October 14, 2023
According to media reports, Oyo, the hospitality unicorn, is seeking to secure USD 250 million in funding from investors amidst the delay of its initial public offering (IPO). A significant portion of this capital will be allocated to settling its USD 660 million term loan B. To make the funding round more appealing, Oyo plans […]
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OYO Anticipates Income Of More Than Rs 5,700 Cr In FY23
- by BW Retail World Bureau
- March 28, 2023
At a town hall meeting on Monday, Agarwal informed employees that OYO aims to achieve adjusted EBITDA of nearly Rs 800 crore in the coming fiscal year. Hospitality and travel-tech company OYO expects its revenue in FY23 to be more than Rs 5,700 crore, up 19 per cent from Rs 4,780 crore in FY22, according […]