Search results for “Ritesh Agarwal”
SoftBank looks to Oyo after WeWork setback
09/19/2019|4:18:00 PM|
80 percent of hotels in OYO's core markets of India and China are unbranded, giving the group a ready pool of neglected outlets to sign up. While it is a completely different picture in Europe and North America.
Oyo founder in talks to buy back $1.5B shares
07/09/2019|11:04:42 AM|
The move, unprecedented among leading privately held, new-age Indian startups, will help Agarwal raise his stake to around 30% from the current 10%.
Hotel unicorn OYO plots $300 million push into the U.S. market
06/20/2019|6:09:16 PM|
OYO aims to expand its U.S. offerings at five times that rate by the end of the year.
OYO claims it has overtaken IHG as world’s third largest chain
07/11/2019|4:14:07 PM|
According to OYO, it has leapt three positions from the sixth largest chain with 636,000 rooms in April, to the third largest with 850,000 rooms in June.
OYO’s charter restricts SoftBank from acquiring over 50% without investors’ approval
07/08/2019|5:00:26 PM|
The clause was introduced in Oyo’s Articles of Association when the company raised $250 million led by SoftBank in late 2017.
Why OYO and Ctrip need each other: bigger reach in Asia
05/28/2019|6:09:34 PM|
Oyo founder Ritesh Agarwal pointed out that Ctrip is focused on secondary and smaller cities in China, which complements Oyo’s supply.
OYO dominates as startups tackle India’s hospitality gaps
06/26/2019|11:26:14 AM|
But OYO’s market and funding dominance doesn’t mean Jain and investors don’t have other options.
OYO lays off thousands in China
06/25/2019|9:51:45 AM|
The job cuts impact mainly business development and operations functions – both frontline.
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