Sunday, January 29, 2023
Outlook India
Outlook Business


In the first half of the fiscal year, OYO posted an adjusted EBITDA of $8.3 million

Ritesh Agarwal has granted a part of a partnership with Naropa, to nurture microentrepreneurial in Ladakh and nearby regions

Earlier this month, regulator SEBI had asked the travel tech company to refile its draft initial public offering (IPO) papers with certain updates

In a series of tweets, Agarwal spoke about the "busiest day of the year" for the travel technology company and shared that OYO saw higher bookings in Varanasi as compared to Goa

The development came after the Securities and Exchange Board of India ( SEBI) requested the New Delhi-based unicorn to update its draft IPO papers

OYO Travelopedia 2022 found that Hyderabad, Delhi, Bangalore, Kolkata, and Chennai emerged as the most booked cities in India for business travel

Amongst sectors, edtech has been hit brutally

Recently the business-to-business( B2B) software-as-a-service (SaaS) platform raised $105 million in a Series D funding round led by CDPQ

With more than 200 Super OYOs available on the website, the company claims that consumers will find it easy to choose the best option

The Ritesh Agarwal-backed hospitality aggregator is planning an IPO in the first quarter of the FY 2023 with a target valuation of $7 billion to $8 billion