OYO
Industry

OYO IPO set for further delay in 2023

India: The proposed initial public offering [IPO] for Indian hospitality chain OYO is set to be delayed once again after the national capital markets regulator asked its parent company to refile its draft IPO papers with certain updates.

Microsoft invests $5m in OYO at $9bn valuation
Industry

Microsoft invests $5m in OYO at $9bn valuation

India: SoftBank-backed hospitality chain OYO has received $5 million in investment from global tech corporation Microsoft, according to a regulatory filing, in the lead-up to the company’s proposed initial public offering [IPO].  The funding in the hotel aggregator was already rumoured last month, and it is believed that Microsoft currently

OYO
News

OYO rumoured to be edging towards $1.2bn IPO

India: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale. Financial news website Moneycontrol reports that work on the IPO is already underway and the startup is considering

Industry

OYO launches UK business development model

UK: OYO has created the Network Developer programme to support the expansion of the group’s hotels across the United Kingdom, with developers receiving an ongoing share of OYO earnings at property level. The business model will be used to help scale the UK business through partnerships with existing hotel owners,

Supplier

OYO adds UK hotels to Sabre’s SynXis CRS

UK: OYO has connected its first group of UK hotels to Sabre’s SynXis Central Reservations System following a global partnership with Sabre Corporation. More than 80 OYO hotels in the UK are now connected to all major global distribution systems (GDS)  through Sabre. The properties are available to book by