OYO ROOMS FOUNDER
Oyo launches Shark Tank-inspired loyalty programme
Customers can avail a free night's stay after seven room nights, an additional 5% discount on Oyo's network of over 3,800 Wizard hotels in India, as well as other rewards in the form of Oyo money under Wizard Shark. Valid for three months, the programme offers free membership renewal. Originally launched in August 2018, Oyo's Wizard programme, with more than 4.4 million active members, is among the largest loyalty programmes in the hospitality industry in India, the company said.
When Byju’s made its presence felt, in absence; and other top stories this week
Upgrad cofounder Ronnie Screwvala huddled up with a group of founders and edtech leaders to discuss the way forward from the perception hit, which the sector has taken as a result of the doings of just one company.
'Shark Tank India 3': Why did Boat CEO Aman Gupta reject PM Modi praised business startup?
In a recent episode of Shark Tank India, Aman Gupta, co-founder of Boat, declined to invest in Daak Room, a startup praised by Prime Minister Narendra Modi. Despite accolades, Gupta expressed reservations, stating the venture didn't align with his interests. Alongside Peyush Bansal, CEO of Lenskart, Gupta opted out, citing concerns about the startup's business model.
Oyo expects consistent PAT rise in upcoming quarters, CEO Ritesh Agarwal tells employees
Agarwal shared the update about the two-fold increase in the company's profit during an employee town hall on Friday.
Driven by surge in Ayodhya, Oyo to open 400 new properties in major spiritual hotspots
Budget hospitality chain Oyo plans to launch 400 new properties in major spiritual hotspots of the country, including Ayodhya, Puri, Shirdi, Varanasi, Amritsar, Tirupati, Haridwar, Katra-Vaishno Devi, and the Char Dham route. This move is in response to a surge in domestic travel and rising interest in spiritual tourism. The company aims to cater to the increasing demand for accommodation near key landmarks and religious sites.
Ayodhya, vicinity packed for all of January as Ram Mandir fervour ripples out
Park Inn by Radisson in Ayodhya, which opened its doors on Wednesday, is already fully booked for January 21-22. "It's a fairly busy time. We have 160-key and 50-key hotels in Lucknow and we expect those to be sold out too," said Ajay K Bakaya, managing director of Sarovar Hotels & Resorts, which manages the new hotel.
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Ritesh Agarwal becomes a dad, says 'new chapter' has begun
The OYO founder also shared a picture of his baby boy and wrote about beginning an exciting new chapter of his life along with wife Geet.
Airbnb Nightmare: Harrowing tale of guests leaving host homeless with over $300,000 in damages
A pregnant San Francisco woman on social media recently recounted a distressing encounter with an Airbnb guest. This experience resulted in significant damage to her home, amounting to over $300,000 in losses and rendering her homeless. Her story serves as a warning about the possible challenges of hosting on Airbnb.
'Shark Tank India' gears up for season 3 with new 'Sharks'; Zomato chief Deepinder Goyal, OYO boss Ritesh Agarwal join jury
The shooting of the third season of 'Shark Tank India' has already begun! Let's meet the news 'Sharks' in town.
ET Startup Awards 2023: Ministers Piyush Goyal, Rajeev Chandrasekhar to grace awards
Startup founders as well as investors attending the exclusive event can also expect key updates on important upcoming legislations; including the ecommerce policy as well as the recently enacted personal data protection law.
Cricket World Cup drives up accomodation bookings, room tariffs in host cities
"Even 3-star and lower-category hotels have witnessed a doubling in their room rates. The cricket fever has truly taken hold, as we observe a remarkable double-digit growth in all the cities surrounding the World Cup venues," Malik said, adding queries and growing interest in flight bookings are continuing.
Oyo founder Ritesh Agarwal joins Shark Tank India season 3 as judge
In the third season, Agarwal will join Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, Boat founder Aman Gupta, Sugar Cosmetics founder Vineeta Singh, Emcure Pharmaceuticals' executive director of India business Namita Thapar and CarDekho Group CEO and cofounder Amit Jain.
Oyo founder Ritesh Agarwal becomes the youngest shark on ‘Shark Tank India 3’
Ritesh Agarwal, the founder and CEO of OYO Rooms, will be joining the panel of the popular show Shark Tank India. At 29, Agarwal will be the youngest shark on the panel, which already consists of several other industry experts. Agarwal expressed his excitement about being part of the show and supporting emerging entrepreneurs in India. Shark Tank India provides a platform for business aspirants to pitch their ideas to experienced investors, who decide whether to invest in their companies. The show's third season will be streaming soon on Sony LIV.
Oyo founder Ritesh Agarwal's unforgettable entrepreneurial tale inspires him to keep going
Ritesh Agarwal, the founder of Oyo Rooms, shared an anecdote on social media about an incident that occurred in the early days of his start-up. He had to choose between attending to the needs of hotel guests or taking a call from a potential investor.
'Never lose sight of profitability.' Oyo founder Ritesh Agarwal's golden advice for every founder
Ritesh Agarwal, the billionaire founder and CEO of OYO Rooms, highlighted the importance of profitability for companies, stating that no company can survive indefinitely without generating profits.
Haryana, Oyo sign MoU to offer employment in Europe to state’s youths
Indian hotel aggregator Oyo has signed a memorandum of understanding with Shri Vishwakarma Skill University and other organisations to create job opportunities in the European hospitality sector. Under the deal, Vishwakarma will provide training and certificates for young people registered with the Haryana Kaushal Rozgar Nigam Limited, ahead of employment. Oyo will offer apprenticeships in the vacation home business, which will provide experience in international hospitality.
Oyo founder in clean-up mode: Ritesh Agarwal vows to make lodging more hygienic, conducts hotel audits himself
Ritesh Agarwal, the founder and CEO of OYO Rooms, has launched a new initiative called Spotless Stay. He announced that a group of officers would conduct daily hygiene audits to improve the cleanliness standards of the hotels partnered with OYO.
H World Group sells 19% of its total stake in Oyo in private market, makes a return of 500%
This transaction translates to a 0.15% stake sale of H World Group on a fully diluted basis. Before the share sale, H World Group held a 0.78% shareholding in Oyo through one of its subsidiaries. The current dilution therefore constitutes one fifth of its holding in Oyo.
OYO founder Ritesh Agarwal missed out on college experience, but credits Thiel fellowship for 4 lessons that helped his entrepreneurial spirit
OYO Rooms founder Ritesh Agarwal has reflected on his decision to drop out of college to become an entrepreneur. At 20, Agarwal founded OYO Rooms which has since become one of the world's top hotel chains.
'Don't forget your roots.' OYO Rooms founder's life lesson for people who are in pursuit of excellence
Oyo founder Ritesh Agarwal recalled his mother's wise words and said that those lessons continue to stay close to his heart to this date.
'Set for a new beginning!' OYO boss Ritesh Agarwal, fiancée invite PM Modi for their March nuptials
The OYO Rooms founder is one of the country’s youngest billionaires.
Ritesh Agarwal, founder of hotel chain OYO, invites PM Narendra Modi to his wedding
Ritesh Agarwal, the founder of Oyo Rooms, invited Prime Minister Narendra Modi to his wedding next month and shared pictures of their meeting on social media.
We need to talk: Oyo launches new feature for customer feedback
Oyo said that to capture customer feedback, it has rolled out a feedback section on its website landing page, and on its app called 'We need to talk'
OYO founder Ritesh Agarwal hopes for the removal of 12% GST on hotel rooms in Budget 2023
Ritesh Agarwal, the founder of OYO Hotels & Homes, anticipates that the 12% GST on hotel rooms costing less than Rs 1,000 should be eliminated in the Union Budget 2023–24.
Work from Anywhere: From hotel rooms to cafes, professionals turn innovative
Work-from-home is so passe that well-placed and well-paid employees are now checking out the scenery not too far from home.
Ritesh Agarwal announces Paralympian Deepa Malik as Oyo's independent director, recalls her 3 life lessons
During a virtual meet, the para-athlete stressed that pain is the only permanent factor in life.
Shopify for travel sector: TravClan gives a lifeline to traditional travel agents in the age of internet bookings
As people across the world grab every opportunity to travel, after being shut in due to Covid, a New Delhi firm is out to make sure offline travel agents are very much a part of the ecosystem that is increasingly becoming online.
Tourism sector recovering; sense of optimism in industry: OYO CEO Ritesh Agarwal
Talking about new trends of vacations in remote work mode amid COVID-19, Agarwal said workations, homestays and rural tourism are here to stay for a long time.
1 mn bookings done on NYE weekend, OYO CEO Ritesh Agarwal braces himself for an eventful 2022
The OYO bookings made on the same day for New Year's eve in 2021 was 58 per cent.
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