Latest news with #OravelStays
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Business Standard
4 days ago
- Business
- Business Standard
IPO-bound Oyo seeks to rename parent firm to pursue premiumisation
Oyo Founder Ritesh Agarwal has invited name suggestions for its parent firm Oravel Stays, in a strategic move as the global travel tech platform prepares to launch its IPO and looks to have more premium segment offerings. There is a high possibility that the name chosen through the exercise may end up being the name of the premium hotels app that Oyo has been working to launch in the near future, people familiar with the strategy told PTI. Agarwal took to social media platforms to seek name suggestions to help craft a "new identity". "We're renaming the corporate brand behind it all. Not the hotel chain, not a consumer product -- but the parent company powering a global ecosystem of urban innovation and modern living. We believe it's time the world had a new kind of global brand -- born in India, but built for the world," the Oyo founder said in the post on Thursday. Agarwal shared that it should be a bold, one-word corporate name, global in feel, not tied to one culture or language, tech-forward, sharp, but also human and memorable, and broad enough to grow beyond hospitality, preferably with a .com domain available. He offered a prize of Rs 3 lakh to the winner along with a chance to meet him. PTI had reported that Oyo has arranged for five investment banks to give a crucial presentation to its key shareholder SoftBank in June at the latter's London office on Grosvenor Street, that could determine the company's path to public listing, as it eyes launching an IPO in the last quarter of the current fiscal. "Oyo is actively exploring launching a separate app for its premium hotels and mid-market to premium company-serviced hotels as the segment has seen exponential growth across India as well as its global markets. There is a very high possibility that the name being selected may end up being the name of the premium hotels app that Oyo has been working to launch in near future," said people familiar with the matter.
The Hindu
4 days ago
- Business
- The Hindu
OYO founder Ritesh Agarwal invites name suggestions for its parent firm Oravel Stays
OYO founder Ritesh Agarwal has invited name suggestions for its parent firm Oravel Stays, in a strategic move as the global travel tech platform prepares to launch its Initial Public Offering (IPO) and looks to have more premium segment offerings. 'There is a high possibility that the name chosen through the exercise may end up being the name of the premium hotels app that OYO has been working to launch in the near future,' people familiar with the strategy told PTI. Mr. Agarwal took to social media platforms to seek name suggestions to help craft a "new identity". "We're renaming the corporate brand behind it all. Not the hotel chain, not a consumer product — but the parent company powering a global ecosystem of urban innovation and modern living. We believe it's time the world had a new kind of global brand — born in India, but built for the world," the OYO founder said in the post on Thursday (May 29, 2025). How often does a global company ask the world to name it? That's exactly what we're doing. OYO started over a decade ago with a simple idea of upgrading quality living space across and drive standardisation. Since then, we've grown from a single room in India to a network of… — Ritesh Agarwal (@riteshagar) May 29, 2025 Mr. Agarwal shared that it should be a bold, one-word corporate name, global in feel, not tied to one culture or language, tech-forward, sharp, but also human and memorable, and broad enough to grow beyond hospitality, preferably with a .com domain available. He offered a prize of ₹3 lakh to the winner along with a chance to meet him. PTI had reported that OYO has arranged for five investment banks to give a crucial presentation to its key shareholder SoftBank in June at the latter's London office on Grosvenor Street, that could determine the company's path to public listing, as it eyes launching an IPO in the last quarter of the current fiscal. "OYO is actively exploring launching a separate app for its premium hotels and mid-market to premium company-serviced hotels as the segment has seen exponential growth across India as well as its global markets. There is a very high possibility that the name being selected may end up being the name of the premium hotels app that OYO has been working to launch in near future," said people familiar with the matter.
Time of India
4 days ago
- Business
- Time of India
IPO-bound Oyo seeks to rename parent firm to pursue premiumisation
New Delhi, Oyo Founder Ritesh Agarwal has invited name suggestions for its parent firm Oravel Stays, in a strategic move as the global travel tech platform prepares to launch its IPO and looks to have more premium segment offerings. There is a high possibility that the name chosen through the exercise may end up being the name of the premium hotels app that Oyo has been working to launch in the near future, people familiar with the strategy told PTI. Agarwal took to social media platforms to seek name suggestions to help craft a "new identity". "We're renaming the corporate brand behind it all. Not the hotel chain, not a consumer product -- but the parent company powering a global ecosystem of urban innovation and modern living. We believe it's time the world had a new kind of global brand -- born in India, but built for the world," the Oyo founder said in the post on Thursday. Agarwal shared that it should be a bold, one-word corporate name, global in feel, not tied to one culture or language, tech-forward, sharp, but also human and memorable, and broad enough to grow beyond hospitality, preferably with a .com domain available. Live Events He offered a prize of Rs 3 lakh to the winner along with a chance to meet him. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories PTI had reported that Oyo has arranged for five investment banks to give a crucial presentation to its key shareholder SoftBank in June at the latter's London office on Grosvenor Street, that could determine the company's path to public listing, as it eyes launching an IPO in the last quarter of the current fiscal. "Oyo is actively exploring launching a separate app for its premium hotels and mid-market to premium company-serviced hotels as the segment has seen exponential growth across India as well as its global markets. There is a very high possibility that the name being selected may end up being the name of the premium hotels app that Oyo has been working to launch in near future," said people familiar with the matter.
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Business Standard
13-05-2025
- Business
- Business Standard
Delhi HC sets aside arbitral tribunal order entitling Zostel stake in OYO
The court allowed OYO's plea under Section 34 of the Arbitration Act, setting aside the 2021 tribunal ruling that Zostel could seek up to 7% stake in Oravel Stays BS Reporter Listen to This Article The Delhi High Court on Tuesday set aside an arbitral award that had entitled Zostel to up to a 7 per cent stake in Oravel Stays, the parent company of OYO. A single-judge Bench of Justice Sachin Datta passed the order in response to a petition filed by OYO under Section 34 of the Arbitration and Conciliation Act, 1996. Section 34 outlines the procedure for challenging an arbitral award in court. The arbitral award, passed on 6 March 2021, had ruled that Zostel was entitled to specific performance of OYO's obligations under a term sheet but did not direct the
Trade Arabia
25-02-2025
- Business
- Trade Arabia
Oravel opens first Sunday hotel in Dubai, eyes 15 properties
Oravel Stays has announced the launch of Sunday Emirates Grand Hotel as part of its plans to add 15 Sunday Hotels in Dubai in 2025. The hotel is located next to the Financial Center metro station. Some of the key destinations in Dubai are located within a 4-km radius of the hotel. The property has more than 400 rooms in different categories such as studio, 1 bedroom, 2 bedrooms, 3 bedrooms, and suites to cater to the diverse of travelers. An ideal destination for business travellers, leisure seekers, and families, the hotel offers spacious, modern rooms equipped with a well-appointed kitchenette and comfortable seating area. Guests can enjoy a range of on-site leisure facilities, including a gym, indoor swimming pool, steam room, jacuzzi, and sauna, all complemented by stunning panoramic city views. The 31st-floor panoramic restaurant enhances the experience providing a breathtaking backdrop for an exquisite dining experience, said Oravel Stays. Oravel plans to add more Sunday Hotels in Dubai in and around key tourist locations such as Deira, Sheikh Zayed Road, Downtown, Palm Jumeirah, Dubai Marina, Jumeirah Beach Residences, Business Bay, and Al Barsha. The brand Sunday has been conceptualised to cater to the ever-evolving needs of the new-age travellers and provide them a perfect getaway for a reset. Sunday will cater to the growing demand for premium stays, combining sophisticated design, top-notch amenities and services. It breaks away from the mold of traditional hotels and offers a unique proposition of modern-day luxury coupled with mindfully curated experiences that enable guests to unwind at their own pace. Sunday Hotels offer an immersive experience, designed to engage the local community, and showcase creativity. Each property has a dedicated team of highly trained hospitality professionals that ensure personalised services for every guest. From the moment of arrival, guests are treated to a seamless check-in process, with staff available around the clock to cater to their needs. One of the hallmarks of the Sunday brand is its luxurious amenities, designed to offer the ultimate in comfort and convenience. Each hotel features spacious and elegantly furnished rooms equipped with modern amenities such as high-speed Wi-Fi, flat-screen TVs, premium bedding, and well-appointed bathrooms. Many SUNDAY hotels also offer additional luxuries such as in-room dining, mini-bars, and premium toiletries. The concierge service is exemplary, providing travel arrangements, local recommendations, and any special requests, ensuring a memorable stay for all visitors, Oravel Stays said. Oravel Stays, the parent company of OYO Hotels & Homes, is a leading global hospitality chain with a presence in over 35 countries. Commenting on the development, Karan Ashok, Region Head, UAE and Oman, Oravel Stays, said: 'Sunday Emirates Grand builds on the success of the Sunday brand launch in Dubai in 2024, which received an encouraging response from travellers seeking upscale and well-curated stays. With Dubai witnessing a surge in demand for premium accommodation, particularly among travellers from India and other key global markets, Oravel aims to cater to this growing segment with its Sunday hotels, known for their distinctive blend of comfort, design, and superior service'.
