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OYO rumoured to be revising 2022 IPO plans
Reading Time: 2 minutesIndia: SoftBank-backed lodging startup OYO is considering revising its planned initial public offering [IPO].
Vista Rooms rebrands as StayVista
Reading Time: 2 minutesIndia: Delhi-based villa rental platform Vista Rooms has rebranded itself as StayVista.
OYO targets $9bn valuation before imminent IPO
Reading Time: 2 minutesIndia: Hospitality chain OYO has reportedly set a target valuation of $9 billion for its upcoming initial public offering [IPO].
SaffronStays plots rapid inventory increase in India
Reading Time: 2 minutesIndia: Mumbai-based vacation rental platform SaffronStays is planning to expand its Indian inventory by up to 1,250 rooms within the next two years, having been forced to scale down its operations and let properties go during the height of the pandemic. Founded in 2016, the company currently operates 500 rooms in high-end, luxury villas and homestays in India, […]
OYO set to file for $1.2bn IPO next week
Reading Time: 2 minutesIndia: SoftBank-backed hospitality startup OYO is preparing to file for its long-awaited initial public offering [IPO] as soon as next week, as well as to raise between $1-1.2 billion in the process, according to reports. It is believed that the budget hotel aggregator – which also operates vacation rental brand OYO Vacation Homes – is […]
Microsoft confirms OYO investment to digitally transform travel industry
Reading Time: 3 minutesIndia: Microsoft and travel technology company OYO have announced that they have entered a multi-year strategic alliance to co-develop next-generation travel and hospitality products and technologies. OYO will now adopt Microsoft Azure as a key enabler to drive cloud-based innovations and “reimagine” the hospitality and travel tech industry. The solutions will be geared to benefit […]
Travedise grows vacation destinations in the United States
Reading Time: 2 minutesIndia / US: Bangalore-based vacation exchange company Travedise is expanding the choices of international vacation destinations available to its members in the United States. Destinations across North America, such as New York City, Las Vegas, Orlando, Miami, Hawaii and St Thomas, will now be available for bookings via brands including Marriott, Hilton, Wyndham, Westin and Ritz […]
Microsoft invests $5m in OYO at $9bn valuation
Reading Time: 2 minutesIndia: SoftBank-backed hospitality chain OYO has received $5 million in investment from global tech corporation Microsoft, according to a regulatory filing, in the lead-up to the company’s proposed initial public offering [IPO]. The funding in the hotel aggregator was already rumoured last month, and it is believed that Microsoft currently values OYO at around $9 […]
OYO rumoured to be edging towards $1.2bn IPO
Reading Time: 2 minutesIndia: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale. Financial news website Moneycontrol reports that work on the IPO is already underway and the startup is considering debuting on the domestic public […]
Zuper Stays debuts in India
Reading Time: < 1 minuteIndia: Mumbai-based hotel sales, marketing and management solutions company, Zuper Hotel Solutions, has partnered with hospitality business service Suved Lohia Hospitality to launch luxury vacation rental management platform Zuper Stays. The platform will debut with an inventory of 12 premium properties, ranging from farm stays to exclusive estates and villas. Zuper Stays has raised an […]