oyo rooms

AvantStay, a platform for kitting out — and then renting out — high-end vacation rental homes, raises $160M

Another travel startup that found itself scrambling to pivot as the COVID-19 pandemic took off is now announcing a huge round of funding after finding its feet and proving that it can grow, even under

India’s Oyo seeks $1.2 billion in IPO, eyes $12 billion valuation

Indian startups raised $9.3 billion in 2020

The coronavirus pandemic — and a handful of other factors — slowed dealmaking for startups in India this year. Compared to their record $14.5 billion fundraise last year, Indian startups a

Investors in LatAm get bitten by the hotel investment bug as Ayenda raises $8.7 million

Some of Latin America’s leading venture capital investors are now backing hotel chains. In fact, Ayenda, the largest hotel chain in Colombia, has raised $8.7 million in a new round of funding, a

Oyo’s revenue surged in FY19, but its loss widened, too

On Monday, budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the Indi

Latin America Roundup: Loft raises $175M, SoftBank invests in Mexico’s Alphacredit and Rappi pulls back

Brazil’s famously tricky real estate market has long drawn international investors to the region in search of tech solutions.

Ritesh Agarwal to invest $700M in Oyo’s new $1.5B financing round

India’s largest budget lodging startup Oyo Hotels and Homes said today it plans to raise about $1.5 billion as part of a new financing round as the startup looks to expand its footprints in the U.S

Oyo to invest $335M in vacation rental business in Europe push

Indian budget hotel booking startup Oyo will invest €300 million ($335 million) in its vacation home rental business, it said Wednesday, as it looks to expand its footprint in Europe and possibly cl

India’s GoWork raises $53M in debt financing to expand its co-working spaces business

GoWork, a Gurgaon-based startup that runs a co-working spaces business in India, said on Tuesday it has raised $53 million in a debt round to scale its business in the country as competition in the ma

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it va

Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M

OYO, the fast-growing budget hotel startup out of India that’s backed by Airbnb, SoftBank, Grab and Didi, has made an acquisition to expand its footprint into Europe, specifically around self-ca

SoftBank Vision Fund says its team will balloon to a whopping 800 people in the next 24 months

SoftBank Vision Fund has its pedal to the metal in more ways than one. On stage at the Milken Institute Global Conference yesterday, the CEO of SoftBank Investment Advisors, Rajeev Misra, reportedly d

India’s OYO enters Japan in partnership with SoftBank

Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’

Airbnb confirms stake in India’s OYO, sources say it invested $150M-$200M

Airbnb is continuing to widen its focus beyond “unconventional” hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has pi

Google makes emails more dynamic with AMP for Email

Google today officially launched AMP for Email, its effort to turn emails from static documents into dynamic, web page-like experiences. AMP for Email is coming to Gmail, but other major email provide

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part

India’s budget hotel network OYO moves into wedding banquet services

OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s up to. Back hom

Budget hotel network pioneer OYO raises $250M led by SoftBank’s Vision Fund

India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2

SoftBank Confirms OYO Rooms Is Buying Rival Budget Hotel Network ZO Rooms

It's official -- kinda -- OYO Rooms, the India-based budget hotel network that has raised $125 million from investors, is buying rival ZO Rooms.

SoftBank Leads $100M Investment In India-Based Budget Hotel Network OYO Rooms

SoftBank is back investing in India after it lead a $100 million round for OYO Rooms, a two-year-old startup that runs an online marketplace for affordable hotels in the country. OYO Rooms was founded
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