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Oyo to buy iconic hotel chains Motel 6, Studio 6 for $525 million, US expansion

Oyo agreed to purchase the iconic US hotel chains Motel 6 and Studio 6 with around 1,500 locations in the US and Canada from Blackstone Real Estate

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is pictured in an alley in New Delhi.(Reuters)
Published on Sep 21, 2024 10:05 AM IST

OYO raises 1,457 crore in latest funding round for growth and global expansion

OYO raises ₹1,457 crore including contributions from InCred Wealth, J&A Partners, the family office of Mankind Pharma promoters and ASK Financial Holdings.

OYO has raised <span class='webrupee'>₹</span>1,457 crore from a consortium of investors in the latest funding round
Published on Aug 11, 2024 02:46 PM IST
PTI |

Oyo in talks to raise 1,000 crore from Indian family offices: Report

Potential investors include corporate strategy advisor Anand Jain, Mankind Pharma promoter brothers Ramesh and Rajeev Juneja.

This comes as Oyo withdrew its application for an initial public offering (IPO) last month.
Published on Jun 17, 2024 11:38 AM IST

OYO posts maiden annual net profit of 100 crore: What Ritesh Agarwal said

Fitch Ratings upgraded the rating of OYO parent firm Oravel Stays citing improved financial profile.

Ritesh Agarwal, CEO and founder of OYO Rooms, said that the company sees growth ahead
Published on May 30, 2024 01:06 PM IST
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OYO CEO Ritesh Agarwal’s advice to young founders: ‘Make mistakes often but…’

OYO CEO and Shark Tank judge Ritesh Agarwal's advice to young founders received appreciation from X users. A few also praised his company.

The image is taken from an episode on Shark Tank India where OYO CEO Ritesh Agarwal spoke with two young founders. (X/@riteshagar)
Published on Mar 20, 2024 09:54 AM IST
ByTrisha Sengupta
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