Services
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Opportunity India Desk Feb 21, 2019 - 1 min readOYO has launched operations in Saudi Arabia, expanding its international footprint. The hospitality firm has signed deals with 50 hotels in the country for over 3,000 rooms across seven cities. These properties will operate under the franchise model with full inventory control similar to other markets such as India and China. OYO is planning to ...
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Opportunity India Desk Feb 14, 2019 - 1 min readStar Virtue Investment, an entity controlled by the Chinese cab-hailing giant Didi Chuxing, has invested $100 million in hospitality chain Oyo Hotels & Homes. The funding is part of the $1 billion investment round, where $900 million has already been invested by Japanese conglomerate SoftBank, Singapore ride-hailing company Grab and others. The OYO spokesperson said, “$900 ...
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Opportunity India Desk Feb 09, 2019 - 1 min readSoftBank-backed Oyo Hotels and Homes is in talks with Los Angeles-based Berggruen Holdings to buy their Keys Hotels in India. Berggruen Holdings is the owner of Berggruen Hotels in India, which was founded in September 2006 for building and operating business hotels under the Keys brand. Berggruen Holdings is a $2-billion private equity and venture capital ...
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Opportunity India Desk Feb 08, 2019 - 1 min readHospitality firm OYO has reported more than fourfold jump in its hotel sales globally to $1.8 billion in the calendar year 2018. The company had posted a revenue of $0.4 billion for 2017. Abhishek Gupta, Chief Financial Officer, OYO Hotels & Homes, said, "We have had a great year. Globally, we have reached over 4,58,000 fully ...
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Opportunity India Desk Feb 07, 2019 - 1 min readOyo is now foraying into the United States market, making it one of the rare Indian consumer-facing startup to expand into this market. The hospitality company has been aggressively expanding across the world including China. Oyo has stepped on the gas in terms of expansion on foreign soil after recently closing $1 billion fund-raise by ...
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Opportunity India Desk Feb 05, 2019 - 1 min readOYO Hotels & Homes, South Asia’s biggest, one of China’s top 3, and the world’s fastest-growing chain of leased and franchised hotels, homes & living spaces, reported India financial results for FY 2017-2018. As per consolidated audited financials, OYO India has witnessed a 3.5x revenue growth, reporting operating revenue of Rs 416 cr, compared to ...
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Opportunity India Desk Jan 30, 2019 - 1 min readHospitality firm OYO has forayed into the Philippines with more than 21 franchised and leased hotels in the country. Initially, OYO will have a presence in Metro Manila, Tagaytay and Cebu. It is planning to grow to 10 cities in the country by 2020. The company has also committed an investment of more than $50 ...
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Opportunity India Desk Jan 30, 2019 - 1 min readIn order to expand its presence across Indonesia, OYO is planning to invest more than $100 million in the country over the next five years. The hospitality firm is adding 70 hotels every month to its chain in Indonesia. It is eyeing to have a presence in 100 cities in the Southeast Asian country by ...
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Opportunity India Desk Jan 21, 2019 - 1 min readIndian hospitality chain OYO is planning to foray into the Philippines in order to expand its international footprint. The Delhi-NCR-based company entered the global markets in 2016. It has a presence in the UK, the UAE, China, Indonesia, Malaysia, and Nepal. OYO is aiming to expand the number of its properties aggressively in the Philippines to tap ...
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Opportunity India Desk Jan 18, 2019 - 1 min readBengaluru-based cab-hailing service Ola will roll out digital credit payment 'Ola Money Postpaid' for its 150 million users in India. The offering, launched last year as a pilot, saw 30% growth month-on-month. Ola Money Postpaid provides a 15-day credit line. Currently, it is being used by over 10% of the cab aggregator's customers and 90% ...