Inside oyo latest news

Here are some of the latest news and updates about OYO Rooms:

Recent Developments:

  1. OYO's IPO plans: OYO has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The company aims to raise around ₹8,430 crore (approximately $1.1 billion) through the IPO.
  2. Expansion into new markets: OYO has expanded its presence in new markets, including the United States, Japan, and Southeast Asia. The company has also entered into partnerships with major hotel chains, such as Marriott International and Hilton Worldwide.
  3. Technology upgrades: OYO has been investing heavily in technology to improve its operations and customer experience. The company has developed a proprietary operating system, called "OYO OS," which helps manage its inventory, pricing, and customer relationships.
  4. Partnerships and collaborations: OYO has partnered with various companies, including Google, Airbnb, and Expedia, to expand its reach and offerings. The company has also collaborated with travel companies, such as Thomas Cook and MakeMyTrip, to offer bundled packages to customers.

Recent News and Updates:

  1. OYO's revenue growth: OYO's revenue grew by 45% year-on-year to ₹2,400 crore (approximately $330 million) in the fiscal year 2020-21, according to a report by The Economic Times.
  2. OYO's employee base: OYO has a large employee base, with over 10,000 employees working for the company across the globe, according to a report by The Hindu.
  3. OYO's sustainability efforts: OYO has launched several sustainability initiatives, including a program to reduce energy consumption and waste generation in its hotels. The company aims to reduce its carbon footprint by 50% by 2025.
  4. OYO's expansion into new segments: OYO is expanding into new segments, including coworking spaces and vacation rentals. The company has launched a new brand, called "OYO Workspaces," which offers coworking spaces in major cities.

Recent Awards and Recognition:

  1. Best Startup of the Year: OYO was named the "Best Startup of the Year" at the 2020 India Today Conclave.
  2. Top 10 Most Innovative Companies: OYO was ranked among the top 10 most innovative companies in the world by Fast Company in 2020.
  3. Best Place to Work: OYO was named one of the "Best Places to Work" by The Economic Times in 2020.

These are just a few of the latest news and updates about OYO Rooms. The company continues to innovate and expand its offerings, and we can expect to see more exciting developments in the future.