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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.
2023 Wrapped: The STRz stories that defined a year
Reading Time: 8 minutesWorldwide: As we approach the end of 2023, we revisit the 20 stories that defined a year for short-term rentals, as well as our favourite video, podcast and webinar from the last 12 months.
OYO to add 500 holiday homes to Dubai portfolio in 2024
Reading Time: 2 minutesUAE: Indian hospitality chain OYO is aiming to add 500 holiday homes to its portfolio in Dubai in 2024 in order to cater to growing demand for flexible-term accommodations from digital nomads.
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.
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].
Senior departures at OYO ahead of IPO
Reading Time: < 1 minuteIndia: Two senior figures at Indian hospitality unicorn Oyo have left the company before its proposed November IPO.
OYO “pre-files” confidentially for long-awaited IPO
Reading Time: 2 minutesIndia: Softbank-backed hospitality chain OYO is said to have confidentially submitted a “pre-filing” document for its long-anticipated initial public offering [IPO].
OYO undergoes senior management reshuffle ahead of IPO
Reading Time: 2 minutesIndia: Hospitality chain OYO has undergone a major overhaul of its senior management team led by founder and CEO, Ritesh Agarwal, ahead of the company’s proposed IPO.
OYO sets mid-February refiling deadline to pursue IPO completion
Reading Time: 2 minutesIndia: Hospitality chain OYO is planning to refile its draft red herring with the Securities Exchange Board of India [Sebi] by mid-February, as it continues to plot the path ahead for its planned initial public offering [IPO].