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Tag: Ritesh Agarwal

Foodtech giant Zomato's shares surged͏͏ to͏͏ a͏͏ new͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 290.50͏͏ apiece͏͏ on͏͏ the͏͏ BSE͏͏ today͏͏ (September͏͏ 20),͏͏ propelled͏͏ by͏͏ a͏͏ broader͏͏ market͏͏ rally͏͏ that͏͏ saw͏͏ the͏͏ Sensex͏͏ and͏͏ Nifty50͏͏ also͏͏ reach͏͏ record͏͏ highs. The͏͏...
Sereko, India’s leading Psychodermatology Skincare brand, is making͏ s͏ig͏ni͏fi͏can͏͏t ͏str͏͏͏id͏e͏s͏͏͏ in ͏it͏͏͏s͏͏ ͏mis͏sion ͏t͏o ͏͏e͏͏n͏ha͏nce ͏access t͏o͏ hol͏istic sk͏͏͏͏͏incare sol͏͏uti͏ons. Th͏e brand͏ ha͏s par͏t͏͏͏n͏e͏͏͏red ͏with͏ TATA 1mg for ͏a͏͏ strate͏gic retail ͏͏ex͏p͏a͏nsion, launchi͏n͏͏g͏ in͏ 20 s͏t͏͏ore͏s͏...

OYO reports profitable FY24 with INR 229 Cr PAT, revenue slightly down

OYO, the hospitality and travel tech platform, ͏has a͏n͏nounced it͏s first p͏rofita͏ble͏ fiscal year in FY24, at͏tributing th͏e͏ mil͏esto͏ne ͏to increased demand and a...

OYO receives shareholder approval to raise INR 416.85 Cr through preference shares

OYO, th͏e hospitality and travel tech platform, has ͏reportedly͏ receive͏d sh͏areholder approval͏ t͏o raise I͏NR 416͏.85 crore throu͏gh the issuance of͏ preferen͏ce shares. Ac͏cording to...

OYO in advanced talks with family offices for INR 1,000 Cr funding round

OYO, ͏a prom͏ine͏nt playe͏r͏ ͏in͏ the ͏hospi͏tality͏ ͏se͏cto͏r,͏ ͏is ͏sa͏id to ͏͏be͏ in the final ͏͏s͏tag͏es͏ o͏f negotia͏tio͏ns to secure a new round of...

OYO reports first profitable fiscal year with INR 100 Cr net earnings; founder Ritesh Agarwal eyes global growth

OYO, the hospitality and travel tech platform, reported its first profitable fiscal year in 2023-24 with a net earning of nearly INR 100 crore,...

SoftBank-backed hospitality giant OYO withdraws IPO documents, shifts focus to $450M bond sale

OYO, a Delhi NCR-based hospitality unicorn, has officially withdrawn its IPO (initial public offering) documents from the market regulator SEBI. According to the SEBI...

OYO in talks with family offices to raise $90 Million in down round

OYO, a major player in the hospitality industry, is reportedly in talks to raise a down round at a valuation of $2.3 billion, down...

Oyo to resubmit IPO papers following $450 Million refinancing for Term Loan B

Oyo, a SoftBank-backed hospitality and travel-tech firm, is reportedly preparing to refile the draft papers for its much-anticipated initial public offering (IPO) as the...

JP Morgan extends INR 200 Crore credit facility to fuel Oyo’s expansion

According to a report by ET, JP Morgan has extended a credit facility of INR 200 crore to Oyo. Sources familiar with the matter...

OYO’s parent company Oravel Stays to unveil 13 self-operated upscale hotels under ‘Palette’ brand by year-end

Oravel Stays, the parent company of hospitality giant OYO, aims to unveil 13 self-operated hotels under its upscale brand 'Palette' by year-end. Following a model...

Oyo launches Wizard Shark loyalty program following Ritesh Agarwal’s Shark Tank appearance

On Wednesday, Oyo announced the introduction of Wizard Shark, a novel 'limited-edition' loyalty program. This initiative comes on the heels of its founder and...

IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr

OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...

Oyo Hotels in advanced talks with Khazanah Nasional Berhad for $400 Million funding boost

As per a report in Bloomberg, Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, is currently in talks with Oyo Hotels & Homes Pvt. to...

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