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Search results for “OYO”
From sleepless in Singapore to $70 million for cut-rate hotels
08/19/2019
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11:41:04 AM
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RedDoorz CEO Saberwal wants to build a company with a valuation of $1 billion by next year, possibly $5 billion in two to three years, by which time he hopes to take RedDoorz public.
OYO launches in Indonesia, will invest $100 million and reach 35 cities
10/25/2018
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5:37:39 PM
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The company says it will invest $100 million in Indonesia as it expands its operations to the country’s top 35 cities over the next 15 months.
OYO’s preparing to list in next 2-3 years, eyes up to $18 billion valuation
07/09/2019
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1:44:36 PM
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OYO is most likely to be an overseas listing as it is not yet profitable and the US markets seem to be more receptive to such business models.
OYO’s charter restricts SoftBank from acquiring over 50% without investors’ approval
07/08/2019
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5:00:26 PM
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The clause was introduced in Oyo’s Articles of Association when the company raised $250 million led by SoftBank in late 2017.
OYO Hotels raises $1 billion to fund overseas push
09/25/2018
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10:30:44 AM
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Existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners have put in $800 million, with commitments for another $200 million.
OYO launches in the UK, eyes “multi-billion-dollar” opportunity
09/20/2018
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2:23:37 PM
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OYO has earmarked an initial £40 million to build its UK operations and wants to be present in 10 cities and have more than 5000 rooms across the UK by 2020.
Kayak CEO hints company may get into the hotel business
07/31/2020
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10:17:41 AM
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Kayak could soon answer some of the “what ifs?”
What happens to rate parity when Airbnb is an online travel agency?
06/13/2019
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6:05:16 PM
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As lines blur between platform and provider, there are some real questions around rate parity and price competitiveness in this brave new world.
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