Friday, April 19, 2024
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Oyo

The beauty services startup aims to achieve 1 million bookings per month in the next five years

Oyo has denied the news, responding to a query, stating that the information is inaccurate and has not been officially confirmed by the company.

The senior executives of Oyo have shared with SEBI the advancements made in Oyo's bottom line and other parameters over the last four quarters, according to the ET.

Oyo founder Ritesh Agarwal stated that the company clocked an adjusted EBITDA of Rs 750 crore in FY23 and expects to clock an adjusted EBITDA of Rs 1,000 crore in FY24.

The centers will use health-tech, and options of hybrid care to provide high quality and affordable healthcare in small towns

This announcement comes on the heels of OYO's successful buyback of a portion of its Term Loan B (TLB), totaling Rs1620 crore

The program will focus on high-traffic metros such as Delhi, Mumbai, Bangalore, Hyderabad, Kolkata, Goa, Chennai, and others

Both the top-level executives have quit the company ahead of a planned public listing

Super OYO constitutes the majority with over 26 per cent of its hotels, followed by OYO Rooms at 22 per cent 

OYO plans to train homestay owners on earning opportunities as well as developing tourism activities in Rameswaram and Ramanathapuram