Skip to content

Search

Human content, AI powered search.

Latest Stories

Bloomberg: OYO defers third IPO attempt

The company first filed to go public in 2021

OYO defers third IPO attempt
OYO is delaying its third IPO attempt amid opposition from its largest shareholder, SoftBank, with plans to list by March 2026 at a $7 billion valuation, according to Bloomberg News.
Photo credit: OYO
Vishnu Rageev R.
By Vishnu Rageev R.May 05, 2025
Vishnu Rageev R.

Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.

See Full Bio

OYO, THE INDIAN travel technology firm, is delaying its third IPO attempt amid opposition from its largest shareholder, SoftBank, and market volatility, according to Bloomberg News. The company now plans to list by March 2026 at a valuation of $7 billion.

SoftBank does not support OYO’s plan to list in October and has urged the company to delay its offering until its earnings improve, Bloomberg News reported.

The company first filed to go public in 2021, seeking a valuation of up to $12 billion. It revived the plan in March 2023 with a confidential filing to SEBI but delayed the issue in May. OYO is led by CEO Ritesh Agarwal, also chairman of G6 Hospitality, the parent of Motel 6 and Studio 6.

The company faces a challenging market, with President Donald Trump’s tariff policies sapping investor appetite for risk. SoftBank’s Vision Fund holds a larger stake in OYO than founder Agarwal’s 30 percent holding.

Agarwal had pushed for a quick IPO to meet terms of a restructured $2.2 billion loan he secured in 2019 to increase his stake, the report said. The loan, personally guaranteed by SoftBank founder Masayoshi Son, had its first installment due in December.

However, SoftBank may back an extension for Agarwal in exchange for delaying the IPO, Bloomberg News reported.

OYO, which reported its first annual net profit in the year ended March 2024, expects to nearly triple it to $74 million in the following year, an OYO spokesperson said.

Meanwhile, OYO is entering the food and beverage business with in-house kitchens and quick-service restaurants at its Townhouse by OYO hotels nationwide, expecting the initiative to generate an additional 5–10 percent in revenue per hotel on a stabilized basis.



g6 hospitalityindian travel technologyipo attemptmarket volatilityritesh agarwalsebisoftbanktariff policiestownhouse by oyovaluationmasayoshi sonsoftbank founder masayoshi sonsoftbank vision fundindian hospitality industryoyo valuationoyo newsipo oyosoftbank stake in oyooyo ipo

Related News

AAIB: Fuel Cutoff Triggered Air India Crash—Preliminary
India News

AAIB report: Fuel cutoff triggered Air India crash

U.S. travelers using mobile devices to book independent boutique hotel stays with personalized offers and smart tech in 2025
Industry News

Study: Personalization boosts independent hotel bookings

U.S. introduces $250 visa integrity fee affecting tourists, students, and the hospitality industry
Industry News

U.S. sets “visa integrity fee” for most non-immigrants

Chart showing decline in U.S. extended-stay hotel occupancy and RevPAR in May 2025
Industry News

Report: May fifth month for drop in extended-stay occupancy

More for you

Ranju Alex Marriott Honored with Bharat Gaurav 2025 Award
Tripura Star News

Marriott’s Alex receives Bharat Gaurav 2025

Summary:

  • Ranju Alex, Marriott International’s South Asia VP, received the Bharat Gaurav Award 2025.
  • The award, by the Bharat Gaurav Award Foundation, honors outstanding achievements by Indian nationals.
  • She joins past recipients including Sri Sri Ravi Shankar, Indra Nooyi and Gaur Gopal Das.

Ranju Alex, regional vice president for South Asia at Marriott International, received the Bharat Gaurav Award 2025 at the British House of Commons in London. The award recognizes her work in advancing diversity, inclusion and gender equity in the Indian workplace.

Keep ReadingShow less
Marriott hotel expansion South Asia

Ventive, Marriott ink 7-hotel deal for India, Sri Lanka

Summary:

  • Ventive Hospitality entered management contracts with Marriott International for seven hotels with 1,548 rooms in India and Sri Lanka.
  • The deal includes brand debuts in Sri Lanka, Varanasi, Pune, Navi Mumbai and Mundra, with plans for a hotel on Ventive’s leasehold land in Mundra.
  • Three properties involve capital expenditure of Rs 700 to 750 crore and are on Ventive’s balance sheet.

VENTIVE HOSPITALITY ENTERED management contracts with Marriott International for seven hotels totaling 1,548 rooms in India and Sri Lanka, all scheduled to open in 2030. The partnership will increase Ventive’s portfolio from 11 hotels in India and the Maldives with 2,000 keys to more than 4,000 keys in four to five years.

Keep ReadingShow less
Taj Hotels crowned India’s strongest brand with global expansion

Taj India’s strongest brand for fourth year

Summary:

  • Taj Hotels ranks as India’s strongest brand for the fourth year, according to Brand Finance.
  • Brand value rose 22 percent to $664 million, with a Brand Strength Index of 92.2 and an AAA+ rating.
  • Growth is driven by an asset-light domestic strategy, wider segment presence and global expansion.

INDIAN HOTELS COMPANY-owned Taj Hotels has been named India’s strongest brand across sectors for the fourth year in a row, according to Brand Finance. Taj operates more than 130 hotels in 14 countries, including palaces, city hotels, safari lodges, resorts and serviced residences.

Keep ReadingShow less
The Fern Hotels & Resorts signs four new eco-friendly properties, reaching 10,000 rooms across India
Photo credit: The Fern Hotels & Resorts

India’s Fern Hotels crosses 10,000-room mark

Summary:

  • The Fern Hotels & Resorts, part of Concept Hospitality, recently signed four hotels, bringing its inventory to 10,000 rooms.
  • Concept Hospitality, founded in 1996 and based in Mumbai, is led by Executive Chairman Param Kannampilly and Managing Director Suhail Kannampilly.
  • The Fern brand has focused on energy efficiency and sustainable waste management since inception.

INDIA’S CONCEPT HOSPITALITY-OWNED The Fern Hotels & Resorts recently signed four hotels, taking its inventory to 10,000 rooms. Launched in 2009, The Fern brand focuses on eco-friendly practices, including energy efficiency and sustainable waste management.

Keep ReadingShow less
Delhi Drops Police License Rule for Hotels & Eateries

Delhi, India, drops police license rule for hotels

Summary
  • Delhi removed the requirement for police to issue hotel licenses.
  • Licensing powers shift to local bodies, including MCD, NDMC and Delhi Cantonment Board.
  • HAI said the move will support tourism and strengthen Delhi’s role as a hospitality hub.

INDIA’S DELHI RECENTLY removed the requirement for police to issue licenses for business activities, including hotels, motels, guest houses, and restaurants. The Hotel Association of India welcomed the move as a step aligned with the views of the High Court and Supreme Court.

Delhi Lieutenant Governor V.K. Saxena relieved the police of responsibility for issuing such licenses, according to an official order cited by PTI. Delhi, officially the National Capital Territory of Delhi, is a union territory that includes New Delhi, the capital of India.

Keep ReadingShow less
Asian Hospitality Logo
© Copyright 2025