OYO and Sunday parent company rebrands as PRISM
UK: Oravel Stays Limited, the parent company of Sunday Hotels and OYO in the UK, has rebranded as PRISM to represent its growing global portfolio and premium hospitality focus.
Oyo buys MadeComfy in $50 million deal
Australia: Sydney short-term rental management platform MadeComfy has been acquired by Oyo for around AUS$50 million.
OYO-owned vacation rental brand DanCenter debuts in India
India: Oravel Stays, the parent company of global hospitality chain OYO, has announced that its European vacation rental brand, DanCenter, is to officially launch in India – the country where OYO is headquartered.
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.
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.
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.
OYO in talks with Apollo to refinance $660m loan before IPO
India: Indian hospitality unicorn OYO is in talks with private equity firm Apollo Global Management to refinance a $660 million loan as the chain aims to reduce its debt in preparation for its initial public offering [IPO].
OYO undergoes senior management reshuffle ahead of IPO
India: Hospitality chain OYO has undergone a major overhaul of its senior management team led by founder and CEO, Ritesh Agarwal, ahead of the company’s proposed IPO.
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.