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OYO extends Belvilla brand footprint into the UK
Reading Time: 2 minutesUK: Softbank-backed Indian hospitality chain OYO is extending the footprint of its premium home rental brand Belvilla by launching Belvilla by OYO in the UK.
DanCenter to invest €120K in Faroese operator Vert
Reading Time: 2 minutesDenmark / Faroe Islands: Danish vacation home management company DanCenter is investing €120,000 in Faroese operator Vert [formerly known as Ognartænastan] to support its expansion efforts.
OYO denies suggestions of abandoning IPO process
Reading Time: 2 minutesIndia: Indian hospitality chain OYO has denied reports that it is looking to abandon its planned initial public offering [IPO] this year.
OYO in talks with Malaysian wealth fund for $400m raise
Reading Time: 2 minutesIndia: Indian hospitality chain OYO is reportedly in discussions with Malaysian sovereign wealth fund Khazanah Nasional Berhad ahead of a potential pre-IPO $400 million funding round, according to people familiar with the matter.
OYO elevates Kumar to CFO role
Reading Time: 2 minutesIndia: Hospitality chain OYO has promoted deputy chief financial officer [CFO] Rakesh Kumar to the role of CFO ahead of its long-anticipated initial public offering [IPO], which had been scheduled to close before the end of 2023.
OYO aiming to raise $250m in pre-IPO funding round
Reading Time: 2 minutesIndia: According to reports, Indian hospitality chain OYO is seeking to raise $250 million from investors in a pre-IPO [initial public offering] funding round.
OYO promotes Kumar to deputy CFO position
Reading Time: 2 minutesIndia: Hospitality chain OYO has promoted Rakesh Kumar to the role of deputy chief financial officer [deputy CFO] ahead of its long-anticipated initial public offering [IPO], which could close before the end of 2023.
STRz Podcast 48: Richie Khandelwal, PriceLabs
Reading Time: < 1 minuteFor episode 48 of the ShortTermRentalz podcast, we chat with Richie Khandelwal, co-founder of revenue management platform PriceLabs, about the company’s game-changing ‘Breakthrough Release’, PriceLabs’ commitment to innovation, and its recent accolade at the 2023 Shortyz Awards.
OYO in talks with Apollo to refinance $660m loan before IPO
Reading Time: 2 minutesIndia: Indian hospitality unicorn OYO is in talks with private equity firm Apollo Global Management to refinance a $660 million loan as the chain aims to reduce its debt in preparation for its initial public offering [IPO].
Indian OTA Yatra set for imminent IPO
Reading Time: 2 minutesIndia: Indian online travel agency Yatra Online Limited is set to launch its initial public offering on 15 September, ahead of what is expected to be a busy period for IPOs in the country.