SaffronStays plots rapid inventory increase in India
India: Mumbai-based vacation rental platform SaffronStays is planning to expand its Indian inventory by up to 1,250 rooms within the next two years, having been forced to scale down its operations and let properties go during the height of the pandemic. Founded in 2016, the company currently operates 500 rooms in high-end, luxury villas and homestays in India, […]
OYO set to file for $1.2bn IPO next week
India: SoftBank-backed hospitality startup OYO is preparing to file for its long-awaited initial public offering [IPO] as soon as next week, as well as to raise between $1-1.2 billion in the process, according to reports. It is believed that the budget hotel aggregator – which also operates vacation rental brand OYO Vacation Homes – is […]