Ritesh Agarwal

Yesmadam Secures Rs 1.5 Crore Funding From Shark Tank India, Focuses On Fuelling Expansion And Growth

16/02/2024

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

Oyo Considers Withdrawing IPO Application, Plans To Raise Funds From Private Investors: Report

14/02/2024

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

Oyo Seeks Expedited IPO Approval from SEBI: Report

12/02/2024

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 Expects Consistent PAT Rise In Upcoming Quarters: CEO Ritesh Agarwal

09/02/2024

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.

OYO Elevates Rakesh Kumar to Chief Financial Officer from Deputy CFO

12/12/2023

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

OYO Restarts Self-Operated Hotels, Targets 200 New Properties

28/11/2023

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

OYO To Add 500 Hotels In Host Cities Of Upcoming Cricket World Cup

07/07/2023

The new hotels will be strategically located near the stadiums, ensuring ease of access for cricket fans traveling from around the world to witness their favourite teams in action, OYO said in a statement

OYO To Add 300 Hill Station Hotels To Portfolio By August

12/06/2023

Gangtok, Darjeeling, and Shillong in the East; and Lonavala and Mahabaleshwar in the West will also see new OYO hotels, it added

Chinese Hospitality Major H World Group Sells Minor Stake In OYO For Rs 75 Crore

22/06/2023

H World Group (HWG), which held 0.78 per cent shareholding in Oravel Stays Ltd runs OYO, sold around one crore shares to a clutch of UAE-based family offices and institutional investors in a series of transactions

OYO-Owned Weddingz.In Plans To Enter Seven More Cities In 2023

12/05/2023

The company estimates that the addition of new markets will add over 5,000 listings to the online wedding planning platform. It presently has over 35,000 banquet/venue listings and other related ancillary services on the platform