News

OYO launches 'Super OYO' in more than 70 cities in India Global travel technology company OYO has launched a programme to recognise hotels that provide the most consistent and high-quality customer experience. The category called 'Super OYO' constantly analyses each hotel's performance on multiple parameters such as customer ratings and reviews, keeping maximum rooms operational consistently, smooth check-in experience, among others, said the company. Consumers can now see hotels marked 'Super OYO' while booking through th...
OYO launches 'Super OYO' in more than 70 cities in India
OYO launches 'Super OYO' in more than 70 cities in India
Source: IANS
14/12/2022 10:51:51 AM
Rupee flat as dollar demand offsets boost from oil plunge The Indian rupee was little changed on Friday as the benefit from a plunge in oil prices was countered by continued corporate demand for the dollar. The rupee was at 81.6650 per dollar, against its previous close of 81.65. The currency has declined 1% in volatile trade so far this week, giving back half its gains from last week in the wake of slightly soft U.S. inflation data. There is persistent demand for dollars from oil importers and other corporates, said foreign exchange traders. ...
Rupee flat as dollar demand offsets boost from oil plunge
Rupee flat as dollar demand offsets boost from oil plunge
Source: Reuters
18/11/2022 12:08:04 PM
Rupee seeks respite in truncated week, bond yields seen up The Indian rupee is expected to find some relief in a holiday-shortened trading week but will hover near its record lows, while government bond yields are likely to stay elevated tracking debt markets across developed economies, traders and analysts said. The rupee plumbed fresh record lows of 83.29 per dollar on Thursday, with the Reserve Bank of India intervening to rein in losses, as growing fears of aggressive monetary tightening by the U.S. Federal Reserve sent the local unit into a t...
Rupee seeks respite in truncated week, bond yields seen up
Rupee seeks respite in truncated week, bond yields seen up
Source: Reuters
25/10/2022 9:19:36 AM
Largest investor SoftBank cuts internal valuation of Oyo to $2.7 bn: Report Masayoshi Son-led SoftBank has cut the internal valuation of Ritesh Agarwal-run Oyo to $2.7 billion from its last reported valuation of nearly $10 billion, TechCrunch reported on Thursday. The reported valuation cut comes at a time when the hospitality major is eyeing its initial public offering (IPO) in months to come. The report, citing a source, said that SoftBank is the largest investor in Oyo -- at 45 per cent -- and its estimation "is a strong signal of the startup's curr...
Largest investor SoftBank cuts internal valuation of Oyo to $2.7 bn: Report
Largest investor SoftBank cuts internal valuation of Oyo to $2.7 bn: Report
Source: IANS
23/09/2022 10:37:17 AM
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse In line with its commitment to the 'Invest in Denmark' initiative, online hospitality major OYO has acquired Europe-based holiday homes operator Bornholmske Feriehuse, which aims to accelerate the growth of travel and tourism in the market. Bornholmske Feriehuse, which has over 700 homes on its platform, is based out of Bornholm island in Denmark and is expected to clock more than 2,50,000 guest nights in 2022. "I feel elated as we welcome Rasmus and integrate Bornholmske F...
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse
Source: IANS
11/08/2022 3:08:15 PM
Is IPO-bound OYO being able to retain customers? Ritesh Agarwal, OYO's Founder and Chairman, had revealed in a recent tweet that over a million people booked an OYO on New Year's weekend. He said that around 58 per cent of them made same-day bookings on December 31. The number is impressive, especially in comparison to the homegrown unicorns bookings back in 2016. Back then, with 102,000 bookings, the Gurugram-headquartered travel tech platform clocked about 20 per cent bookings vs what it accomplished during 2021 New Year's ...
Is IPO-bound OYO being able to retain customers?
Is IPO-bound OYO being able to retain customers?
Source: IANS
18/02/2022 10:22:40 AM