Services
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Opportunity India Desk Oct 08, 2019 - 2 min readOYO Hotels & Homes will raise $1.5 billion, as part of its Series F funding round. This will value the firm at $10 billion. Under this round, RA Hospitality Holdings will be investing approximately $700 million as primary capital in the company while the rest will be supplemented by existing investors. A significant part of ...
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Opportunity India Desk Oct 04, 2019 - 2 min readOyo Life, Oyo’s long-term fully managed housing rental solution brand, is entering into Kolkata. This expansion is part of the company’s corporate plan to expand its presence in India. Oyo Life has started operations in the city with 20 fully managed buildings, 700 plus beds. The company has set up co-living residences in Kolkata’s areas like ...
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Opportunity India Desk Sep 27, 2019 - 1 min readOYO, the fastest growing chain of leased and franchised hotels, has introduced a Partner Privilege Programme (PPP) for its 10,000 strong asset owner community across 300 cities in India. This is the hospitality firm’s third major initiative under the year-long OYO Partner Engagement Network (OPEN). OPEN was started in April 2019 to boost asset owner ...
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Opportunity India Desk Sep 26, 2019 - 1 min readOYO will now offer end-to-end fully managed housing experience for students by collaborating with IIT Delhi and Plaksha University. The hospitality firm will be providing affordable accommodations starting from price as low as Rs 6,500 -12,999 per bed, per month, under OYO LIFE. OYO LIFE building will have essential amenities such as Wi-Fi connectivity, television, refrigerator, AC, ...
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Opportunity India Desk Sep 23, 2019 - 1 min readOYO Rooms is planning to raise funds between $750 million and $1 billion in the next few months. The fresh funds will be used by the hospitality firm to infuse in its parent company Oravel Stays. The new funding round will push Oyo’s valuation to $13.5-15 billion. It is expected to be led by the ...
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Opportunity India Desk Sep 20, 2019 - 1 min readOYO Hotels & Homes has strengthened its footprint to more than 100 hotels in over 21 states in the United States (US). The hospitality firm has made a commitment of $300 million as an initial investment in the US in order to fuel rapid growth across the country. At present, the SoftBank-backed company is successfully launching ...
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Opportunity India Desk Sep 17, 2019 - 1 min readOYO has bought Copenhagen-based data science company Danamica for an undisclosed amount. With this acquisition, the hospitality firm aims to strengthen its presence in the European vacation rental market. OYO said, “This acquisition is in line with our continued commitment to the company's global vacation rentals business through strategic investments in technology products, processes, and ...
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Opportunity India Desk Sep 14, 2019 - 1 min readTorrent Gas, a part of the Torrent Pharma Group, has acquired three companies to expand its Pune gas distribution (CGD) business. The company has bought Mahesh Gas in Pune from the Mahesh Group. It also acquired Siti Energy in Moradabad and Dholpur CGD from Essel Group. With the fresh acquisitions, Torrent Gas reaches 16 geographical ...
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Opportunity India Desk Sep 13, 2019 - 1 min readHomegrown ride-hailing giant Ola has expanded its Ola Bike service to 150 cities across India. The company eyes to grow its presence three times in the next 12 months. Ola claims that Ola Bike is now India's largest micro-mobility service. The company has created more than 300,000 micro-entrepreneurs over the past year with Ola Bike. Ola said, “Bike, ...
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Opportunity India Desk Oct 01, 2019 - 1 min readRide-hailing firm Ola has started its services in Coventry and Warwick, the eighth and ninth cities in the UK. The Bengaluru-based company’s services have been launched after local councils granted it with both taxi and private hire licenses. Alok Pandya, Ola’s Regional Manager for the West Midlands, Coventry, and Warwick, said, “We are thrilled to ...