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OYO strengthens top leadership with five elevations

EntrackrEntrackr · 1y ago
OYO strengthens top leadership with five elevations
Medial

OYO has strengthened its leadership team with five key appointments. Sonal Sinha has been named Chief Operating Officer – International, while Rachit Srivastava steps into the role of Chief Operating Officer for OYO Vacation Homes (OVH) in Europe. Shashank Jain has been promoted to Head of Technology and Online Revenue. Pankhuri Sakhuja will lead Traum-Ferienwohnungen, OYO’s listings business in Germany, as well as the flex-space business Innov8. Lastly, Ashish Bajpai has taken on the role of Head of Revenue and Global OTA. OYO highlighted that these leadership appointments demonstrate its dedication to innovation as it works to broaden its global presence. The company is focused on expanding its range of hotels and vacation homes across different price points, thereby enhancing its market reach and operational efficiency. OYO asserts that it has played a substantial role in the country’s growing startup ecosystem, with over 60 former employees successfully launching their own startups after their time with the company. In August, OYO officially appointed Sumer Juneja as a non-executive director. The Ritesh Agarwal-led firm recently announced the acquisition of G6 Hospitality, the operator of Motel 6 and Studio 6, for $525 million in an all-cash transaction. For the fiscal year ending March 2024, OYO reported revenue of Rs 5,389 crore and a profit of Rs 230 crore, a significant turnaround from a loss of Rs 1,286 crore in FY23.

Even Healthcare raises $20 Mn led by Lachy Groom and Alpha Wave

EntrackrEntrackr · 1m ago
Even Healthcare raises $20 Mn led by Lachy Groom and Alpha Wave
Medial

Bengaluru-based managed care provider Even Healthcare has raised $20 million in a fresh funding round led by existing investors Lachy Groom and Alpha Wave, with participation from Sharrp Ventures. The new round comes within 15 months for Even Healthcare which had raised $30 million in Series A funding round in October 2024. With this round, the company’s total funding has reached $70 million, while its valuation has more than doubled over the past year. The proceeds will be used to expand Even Healthcare’s hospital footprint in Bengaluru and scale its managed-care hospital model. Founded in 2020, Even Healthcare operates a membership-based model combining primary care, diagnostics, and hospital services. Unlike traditional hospital systems, Even’s approach focuses on continuity of care and patient recovery rather than maximising admissions and length of stay. Care teams remain accountable across consultations, diagnostics, hospitalisation, and post-discharge recovery at home. Alongside the fundraise, Even said its first hospital achieved operating break-even within six months of launch. Since launching its first hospital in May 2025, Even claims to have tracked outcomes across its network, reporting no unplanned 30-day readmissions across more than 350 surgeries, zero post-operative infections in the cohort, and over 200 hospitalisations avoided through monitored home recovery. Average length of hospital stay was reported to be around 40% lower than comparable settings.

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