NEW DELHI, DEC 3: India’s biggest travel tech firm, the IPO-bound OYO, on Saturday announced it will downsize about 10 per cent of its 3700-employee base. The move will see 600 employees in the technology and corporate verticals being handed the pink slip. The company though plans to hire 250 others, mainly to bolster their […]Continue Reading
NEW DELHI, NOV 27: Softbank-backed Oyo Hotels reported that its July-September quarter (Q2FY23) loss has narrowed by 20% to R333 crore from R414 crore in the previous quarter of the ongoing fiscal (Q1FY23).In its updated Draft Red Herring Prospectus (DRHP) filed with the market regulator Sebi, Oyo informed that its EBITDA (Earnings before interest, taxes, […]Continue Reading
