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Oyo partners Yatra to expand business travel offerings - The Economic Times

Economic Times

Economic Times · 1m ago

Oyo partners Yatra to expand business travel offerings - The Economic Times

Oyo has teamed up with travel platform Yatra to enhance its business travel offerings, especially in major Indian hubs like Delhi-NCR, Mumbai, and Bengaluru. Over 500 Oyo company-serviced hotels have joined Yatra's platform, with plans to add 1,000 more by September. This partnership aims to boost Yatra’s inventory, catering to the growing demand for quality accommodations in emerging metros driven by increased business travel. Oyo seeks to tap into niche business travel markets and blended travel programs.

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OYO to file DRHP in November, targets $7-8 billion IPO valuation: Report - The Economic Times

Economic Times

Economic Times · 2d ago

OYO to file DRHP in November, targets $7-8 billion IPO valuation: Report - The Economic Times

OYO, a global travel tech firm, plans to file its Draft Red Herring Prospectus in November, seeking a USD 7-8 billion IPO valuation. Discussions with key banking partners, including SoftBank, have intensified, and the company expects to approach its board next week. The filing will highlight strong Q1 financials and possibly introduce a new parent brand identity. OYO is also considering a separate app launch for its premium hotel segment due to significant growth.

Yatra launches advanced AI travel assistant DIYA offering end-to-end travel planning - The Economic Times

Economic Times

Economic Times · 9d ago

Yatra launches advanced AI travel assistant DIYA offering end-to-end travel planning - The Economic Times

Yatra has introduced DIYA, an AI-driven travel assistant that facilitates comprehensive travel planning, instant booking, and post-booking management in over 100 languages. This advanced travel solution offers a seamless interface combining itinerary creation, journey bookings, and handling last-minute changes with 24/7 multilingual support. Designed to cater to modern travel needs, DIYA aims to provide a fast, personalized, and multilingual travel experience, enhancing the convenience and efficiency of trip management.

Yatra Buys Globe Travels To Boost Its Corporate Travel Playbook

Inc42 · 11m ago

Yatra Buys Globe Travels To Boost Its Corporate Travel Playbook

Yatra, a leading online travel company in India, has acquired corporate travel service provider, Air Travel Bureau (ATB). The acquisition aims to bolster Yatra's presence in the corporate travel sector and expand its customer base by adding ATB's 360 customers to its existing 850 corporate clients. Yatra expects the acquisition to have a positive impact on its financials.

Yatra Online acquires corporate travel agency Globe Travels for ₹128 crore | Mint

Livemint

Livemint · 11m ago

Yatra Online acquires corporate travel agency Globe Travels for ₹128 crore | Mint

Online travel agency Yatra Online has announced its acquisition of Globe Travels for INR 128 crore from Ramkrishna Forgings, a move that aims to strengthen Yatra's corporate travel business and drive growth. The acquisition will enhance Yatra's capabilities in reservation and booking services for both corporate and leisure travel, as well as tour planning and car rentals. It is expected to expand Yatra's corporate customer base by 40%, adding 360 companies. The acquisition aligns with Yatra's strategy to deepen its presence in key markets and verticals and strengthen its corporate travel and MICE capabilities.

Yatra Success Story | India's Leading Corporate Travel Services Provider

StartupTalky

StartupTalky · 1y ago

Yatra Success Story | India's Leading Corporate Travel Services Provider

Yatra is a prominent travel agency founded in 2006, offering a wide range of services including air travel, hotel bookings, tour packages, and more. With headquarters in Gurgaon, India, the company has experienced significant growth and has acquired several other travel services along the way. Yatra operates in the flourishing tourism and travel industry, which is expected to continue expanding in the coming years. The company has faced challenges such as increasing airfares and visa accessibility issues, but continues to thrive and innovate in the market. Yatra has secured substantial funding and has received recognition through various awards. It faces competition from other major players in the industry like MakeMyTrip and Expedia. Looking ahead, Yatra plans to strengthen its network and enhance its technology-driven travel services.

OYO says it added 2,800 new corporate clients in January-July 2023

Economic Times

Economic Times · 1y ago

OYO says it added 2,800 new corporate clients in January-July 2023

According to a report by Oyo titled 'Oyo Business Travel Trends Report 2023', the hospitality tech platform added nearly 2,800 corporate clients between January and July 2023, marking an 11.75% YoY increase. The report also indicates that Hyderabad is the leading city in terms of corporate clients, followed by Gurugram, Delhi, Bengaluru, Mumbai, Kolkata, and Pune. The growth is attributed to a strong demand from startups, film production houses, travel management companies, small and medium-scale enterprises, and traditional business houses and conglomerates.

New-age travel accessories platform Escape Plan raises $5 million from Jungle Ventures, Fireside Ventures - The Economic Times

Economic Times

Economic Times · 1m ago

New-age travel accessories platform Escape Plan raises $5 million from Jungle Ventures, Fireside Ventures - The Economic Times

Escape Plan, a Bengaluru-based travel accessories company, raised $5 million in a funding round led by Jungle Ventures and Fireside Ventures. Launched in May 2025, the company sells a variety of travel bags and accessories. The funds will be used to expand retail presence, acquire customers, and introduce quick commerce services. Founders Abhinav Pathak and Abhinav Zutshi aim to solve travel needs locally and globally, planning to expand to over 100 stores in 18-24 months.

StartUp Sphere 2024 highlights ICAI’s impact on India’s economic growth, innovation; launches start-up and MSME yatra

Business Today

Business Today · 1y ago

StartUp Sphere 2024 highlights ICAI’s impact on India’s economic growth, innovation; launches start-up and MSME yatra

The Institute of Chartered Accountants of India (ICAI) launched StartUp Sphere 2024 in Bengaluru, aiming to connect start-ups with industry experts, investors, and influential partners. Supported by various organizations, including Startup India and MeitY Startup Hub, the event provided a platform for networking, discussing trends, and showcasing innovations. ICAI President Ranjeet Kumar Agarwal emphasized their commitment to supporting the start-up ecosystem with mentorship, capital access, and training programs. Additionally, ICAI inaugurated the ICAI MSME and Startup Yatra, which will travel to 100 cities to promote financial and tax literacy among MSMEs and start-ups.

SC dismisses Zostel's appeal against Oyo - The Economic Times

Economic Times

Economic Times · 28d ago

SC dismisses Zostel's appeal against Oyo - The Economic Times

The Supreme Court dismissed Zostel's appeal against Oyo, reaffirming the Delhi High Court's decision that Zostel holds no enforceable rights in a dispute stemming from a 2015 non-binding term sheet for an acquisition that never happened. The High Court had nullified a 2021 arbitral award favoring Zostel, thereby allowing Oyo to pursue shareholder actions, including its IPO, without potential claims from Zostel. The decision solidifies Oyo's stance in the litigation.

OYO Enters Corporate Travel Space With B2B Venture

Inc42 · 10m ago

OYO Enters Corporate Travel Space With B2B Venture

OYO has launched a new B2B venture in India that focuses on corporate travel and event planning. The venture offers specialized services across its network of 500+ company-serviced accommodations. These services include personalized offerings like customized meal plans, conference setups, and event support. Notable clients such as Tech Mahindra and Reliance Group have already started using these services. This launch is part of OYO's strategy to diversify and expand its global presence, which includes recent acquisitions, leadership changes, and plans to achieve profitability in FY24.

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