Hopper targets IPO and $10bn valuation
Canada: Gen Z- and millennial-friendly online travel agency [OTA], Hopper, is said to be targeting going public via an initial public offering [IPO] and achieving a valuation of up to $10 billion, according to a Bloomberg report.
OYO rumoured for IPO refiling in Q1 2025
India: Softbank-backed Indian hospitality chain OYO is rumoured to be preparing to refile its draft red herring prospectus [DRHP] for an initial public offering [IPO] in the first quarter of this financial year, possibly even as soon as March.
StayVista targets 2028 IPO and fundraise
India: Luxury villa rental company StayVista has revealed that it is planning to go public via an initial public offering [IPO] by 2028 and raise Rs 600 crore [approximately $72 million] in the process.
OYO raises $173.5m as valuation drops to $2.4bn
India: Oravel Stays, the parent company of Softbank-backed hospitality chain OYO, has raised $173.5 million [Rs 1,457 crore] in a Series G funding round.
Hometime raises AU$10m in growth funding round
Australia: Sydney-based, short-term rental property management company and online marketplace, Hometime has raised AU$10 million in a growth funding round.
Emma Villas expands in Italy with Marche Holiday Villas purchase
Italy: Siena-based villa rental and tour operator, Emma Villas, has announced the acquisition of Marche Holiday Villas to expand in central Italy.
Guesty secures $130m in Series F funding and targets IPO
Israel / US: Property management software platform Guesty has announced that it has raised $130 million in a Series F funding round.
OYO denies suggestions of abandoning IPO process
India: Indian hospitality chain OYO has denied reports that it is looking to abandon its planned initial public offering [IPO] this year.
OYO in talks with Malaysian wealth fund for $400m raise
India: Indian hospitality chain OYO is reportedly in discussions with Malaysian sovereign wealth fund Khazanah Nasional Berhad ahead of a potential pre-IPO $400 million funding round, according to people familiar with the matter.
STRz Podcast 49: Jeff Cavins, Outdoorsy
US: Outdoorsy founder and CEO, Jeff Cavins, joins the latest episode of the STRz podcast.