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Oyo reports first ever annual profit of Rs 229 crore in FY24.

OYO Rooms In the early days, OYO's founder Ritesh Agarwal went door-to-door convincing budget hotel owners to join their network without any upfront investment from OYO. With limited funds, the team operated ultra-lean - reusing office supplies and

OYO has raised INR 550 Cr (about $65 Mn) from its founder Ritesh Agarwal’s Redsprig Innovation Partners. Redsprig Innovation is a venture capital firm headed by Agarwal. In November last year, Inc42 reported that Agarwal was looking to increase his

Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la

🥳🤯 The government of Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, its investment promotion agency Inv

Oyo’s Strategic Moves: IPO Acceleration ‼️ Oyo is a global travel-tech company that provides affordable rooms through its network of budget hotels, homes, etc Recently, senior executives and lead bankers met with SEBI to discuss business performan

🤯Founders with Highest salary in India. --⭐Supam Maheshwari (FirstCry) received an annual salary of ₹103.8 crore in FY24. This marks a significant decrease from his ₹200.7 crore salary in FY23. --⭐Nithin Kamath (Zerodha) Co-founder of the broker

Read this. Q1 2024 has seen significant activity in India's venture capital scene: 1. A deep tech fund launched its 300 crore INR second fund (200 core + 100 crore option). 2. An international VC firm announced a $150M fund ($125M + $25M option).

⇛ OYO secures $450M, will to refill IPO 💼 ⇛ Delhivery boosts ESOP by 75,000 👩‍💼 ⇛ TRAI to regulate OTT apps in 3 months 📱 ⇛ Foxlink opens TN unit after fire 🏭 ⇛ Digital IPO oversubscribed at 9.6x 📈 ⇛ OpenAI disbands security team 🤖 ⇛ Go

A Brief Timeline: Ritesh Agarwal Picture Ritesh Agarwal, born in 1993 in Odisha, India. At just 13, he's already hustling, selling SIM cards and making his first entrepreneurial strides. By 16, he's earned enough to buy his first computer for ₹50,00