HOSPITALITY FIRM OYO PLANS TO RAISE $600 MN IN DEBT FROM US INSTITUTIONAL INVESTORS

Highlights

• TLB typically matures within six to seven years and have a small repayment schedule during the term of the loan, with the remainder due on the maturity date

According to the sources, hospitality firm OYO is planning to raise a sum of $600 million in the form ...

RAGS TO RICHES: THE STORY OF RITESH AGARWAL, FOUNDER OF OYO ROOMS

Highlights

• Ritesh Agarwal started an accommodation portal named ‘Oravel Stays'  

• Agarwal was the winner of Thiel Fellowship and secured grant of $100,000

• In the month of September 2018, OYO Rooms managed to raise funds of $1 b...

Oyo becomes the fastest growing company in the world

Low-cost hotel chain company, Oyo is functional in over 80 countries and has about 35,000 hotels to its credit. Furthermore, Oyo comes second to the $40 billion Marriott International.

After its establishment in 2013, Oyo Hotels & Homes has become one of the fastest growing companie...