Articles tagged “ritesh agarwal”

Hotels

India’s Oyo Hotel Startup to Target $9 Billion Valuation in IPO

Among Softbank's holdings, Oyo does not appear to be another WeWork calamity. However, under the glare of being a public company, Oyo would be challenged to get to profitability, and to remedy its ongoing brand reputation challenges.

Dennis Schaal | 1 year ago

India’s Oyo Hotel Startup to Target $9 Billion Valuation in IPO

Hotels

Oyo Hotels Faces Legal Spat Days Before Expected $1.2 Billion Public Offering

Legal disputes with competitor Zostel is the latest example of it being anything but smooth sailing for Oyo's path to going public.

Vishwadha Chander and Abhirup Roy, Reuters | 2 years ago

Oyo Hotels Faces Legal Spat Days Before Expected $1.2 Billion Public Offering

Hotels

Microsoft Pumps $5 Million Into India’s Oyo Ahead of Its Planned Public Listing

A drop-in-the-ocean investment for the technology giant, but still a vote of confidence ahead of Oyo's IPO.

Chandini Monnappa and Vishwadha Chander, Reuters | 2 years ago

Microsoft Pumps $5 Million Into India’s Oyo Ahead of Its Planned Public Listing

Hotels

Oyo Hotels Eliminates U.S. and China as Focus for Growth

Critics have been saying for years that Oyo needed to get its house in order and to tamp down on its reckless growth plans. Whether that actually happens or not will become clear over the next year or two.

Dennis Schaal, Skift | 2 years ago

Oyo Hotels Eliminates U.S. and China as Focus for Growth

Coronavirus

What’s Going On With Oyo, 10 Months Into the Pandemic

Oyo and its founder have long been accused of being heavy on spin even though all acknowledge that the hotel chain has been a category creator. This interview is excellent because Agarwal faced tough questioning. We know a politician who would have walked out.

Dennis Schaal, Skift | 3 years ago

Hotels

Where Does Oyo Go From Here? The Long View This Week

Acknowledging a company's shortcomings is a first step toward fixing them. But Oyo will really have to transform its practices if it has any hope of mending relations with hotel owners, some of whom feel burned.

Dennis Schaal, Skift | 3 years ago

Where Does Oyo Go From Here? The Long View This Week

Hotels

Oyo Founder Describes U.S. Owner Concerns as ‘Teething Issues’

A deeper engagement with owners is definitely one of the key things Oyo needs to achieve to address some of its problems. CEO Ritesh Agarwal, who recently took a larger stake in the company, seems to be on the case.

Raini Hamdi, Skift | 4 years ago

Oyo Founder Describes U.S. Owner Concerns as ‘Teething Issues’

Hotels

Why Oyo and Ctrip Need Each Other: Bigger Reach in Asia

Oyo has more rooms in China than in India, but India is still its biggest revenue generator. A deal with Ctrip may help correct that imbalance.

Raini Hamdi, Skift | 4 years ago

Why Oyo and Ctrip Need Each Other: Bigger Reach in Asia

Hotels

What Oyo’s Latest Results Say About the Business of Budget Hotels

The business of budget hotels is obviously hard when you consider Oyo’s latest financial report. But the startup, now five years in operation and bankrolled by SoftBank, appears to have the stamina to reach the breakeven point in the next few years.

Raini Hamdi, Skift | 4 years ago

What Oyo’s Latest Results Say About the Business of Budget Hotels