Services
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Opportunity India Desk May 04, 2019 - 1 min readSoftBank-backed Oyo Hotels & Homes is looking at entering into the co-living, student housing and co-working segments in order to expand its offering in India. The hospitality chain is aiming to take up 100,000 beds across major cities by the end of 2019. Currently, the company operates 13,000 beds in select cities such as Delhi-NCR, Pune and Bengaluru. Rohit Kapoor, ...
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Opportunity India Desk Apr 22, 2019 - 1 min readOla is in discussions with luxury carmakers like Audi, Mercedes and BMW to launch a subscription-based self-driving service. The homegrown ride-hailing app is trying to bring a subscription-based model in India, where users can get access to luxury cars for a subscription fee. Currently, Ola is running a small-scale pilot of the self-drive service in Bengaluru. ...
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Opportunity India Desk Apr 16, 2019 - 2 min readOyo Hotels & Homes, the budget hotel chain, has announced a strategic global distribution partnership with Spain-headquartered bedbank, Hotelbeds. With this partnership, OYO will get access to over 60,000 travel buying intermediaries around the world, which use the Hotelbeds platform, including tour operators, airline websites, points redemption programs, loyalty plans, and MICE operators from 140+ ...
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Opportunity India Desk Apr 11, 2019 - 1 min readOYO has created more than one lakh direct and indirect jobs in India. The hospitality firm is targeting at doubling the number by 2020. OYO is helping empower multiple ancillary industries in the hospitality ecosystem by leveraging scale to make bulk procurement that supports local businesses. Aditya Ghosh, Chief Executive Officer, OYO India and South ...
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Opportunity India Desk Apr 06, 2019 - 1 min readHospitality firm OYO has formed a joint venture with Tokyo-based SoftBank Corp and SoftBank Vision Fund for commencing its hotel operations in Japan. The joint venture, named as OYO Hotels Japan GK, will be headed by Prasun Choudhary as the operating partner. Ken Miyauchi, President and CEO, SoftBank Corp, said, "We are delighted to deliver ...
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Opportunity India Desk Apr 03, 2019 - 1 min readHospitality unicorn OYO has launched Powerstation, a coworking space brand. It is a fully managed workspace for medium and large businesses, startups, and freelancers. The company has started its first centre with a 500-seater space in Pioneer Square, Sector 62, Gurugram. It is aiming to expand to Bengaluru, Mumbai and Hyderabad in 2019 itself. Furthermore, ...
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Opportunity India Desk Apr 01, 2019 - 1 min readOYO has launched 'OYO LIFE' services in Tokyo, Japan, with over 1,000 residential units. Under OYO LIFE service, the Indian hospitality firm will be offering fully-furnished apartments to rental home seekers in Japan. In February 2019, SoftBank-backed company formed a joint venture (JV) with Yahoo Japan Corporation to enter the housing rental market in Japan ...
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Opportunity India Desk Mar 28, 2019 - 1 min readOla, the homegrown ride-hailing platform, will invest more than $500 million to introduce a ‘self-drive’ service, targeted at broadening its portfolio of transportation solution. This investment will come from a mix of debt and equity over the next couple of years. The Bangalore-headquartered company will be deploying nearly 10,000 vehicles, including luxury sedans and SUVs, ...
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Opportunity India Desk Mar 27, 2019 - 1 min readOla has launched an autorickshaw service called ‘tuk tuks’ in Liverpool. Recently, the Indian ride-hailing service has forayed into the UK market. The company has rolled out a fleet of bright green Bajaj and Piaggio autorickshaws in Liverpool. The introduction of ‘tuk tuks’ in Liverpool is part of the launch of Ola’s service in Merseyside. ...
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Opportunity India Desk Mar 13, 2019 - 1 min readOyo Hotels & Homes is planning to make an investment of Rs 1,400 crore in India. The hospitality chain has also launched the Collection O brand, targeted at millennial travellers. The investment is part of the company’s plan to further double down on expansion plans, improve customer experience and ensure an increase in continued asset ...