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Microsoft invests $5 mn in OYO

Tech giant Microsoft Corporation has invested nearly $5 million (about Rs 37 crore) in OYO through the issuance of equity shares and compulsory convertible cumulative preference shares on a private......

Insolvency proceedings against Oyo Hotels closed

The National Company Law Appellate Tribunal (NCLAT) on Wednesday closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the intervention of external parties......

OYO to start 4-day work week: Ritesh Agarwal

Hospitality firm OYO will be shifting to a 4-day work week, OYO founder and group CEO Ritesh Agarwal said in a tweet on Wednesday, as the company also launched a no questions asked flexible......

Zostel claims win in 3-year legal battle against OYO, latter refutes

Zostel could get upwards of $600 million if arbitration goes through. Zostel, the backpacker hostels chain which was embroiled in a legal battle with Oyo for the last three years after merger......

Jan to Sep VC investments down nearly 17% YoY to $6.5 billion

Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million. Venture Capital investments dropped by around 17 per......

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