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Ritesh Agarwal announced a profit after tax of US$72.9 million for FY2024 to FY2025, signaling potential growth for the company. Meanwhile, Hong Kong has overtaken Wall Street as the preferred IPO destination for Chinese firms, driven by geopolitical tensions and liquidity advantages. Notable upcoming listings include Shein, which is eyeing the Hong Kong Stock Exchange after failed attempts in the West, and Oyo, which plans a third attempt to go public with a valuation target of US$6-7 billion.
Oyo plans to rename its parent company, Oravel Stays, as it prepares for an IPO and expands into the premium hotel market. Founder Ritesh Agarwal is inviting name suggestions from the public, offering a prize for the winning idea, while the company develops a new app targeting mid-market and premium hotels. This strategic shift aligns with industry trends showing significant growth in the luxury segment, particularly in India, where the hospitality sector is projected to reach USD 55 billion by 2025.
Oyo founder Ritesh Agarwal is seeking name suggestions for its parent company, Oravel Stays, as part of a strategy to enhance its brand identity ahead of an IPO. This rebranding effort aligns with the company's plans to introduce more premium offerings, including a new hotels app. Agarwal has turned to social media to engage the public in crafting this "new identity."
OYO's profit surged 2.7 times to INR 623 crore in FY25, marking a significant financial milestone for the company. This impressive growth reflects OYO's strong performance and strategic initiatives in the hospitality sector under the leadership of Ritesh Agarwal.
OYO is projected to achieve a remarkable 60% increase in revenue for Q4, reaching INR 2,100 crore, according to Ritesh Agarwal. This significant growth reflects the company's strong performance and strategic initiatives in the hospitality sector.
TiEcon Mumbai 2025 concluded successfully, emphasizing the 'Dhanda First' philosophy, which prioritizes business fundamentals and ethical entrepreneurship. Key speakers highlighted India's potential for tech giants, the need for substantial early-stage funding, and the importance of compassionate capitalism in fostering sustainable growth. The summit showcased insights on AI, quick commerce, and the critical role of Mumbai in driving innovation and economic expansion.
TiE Mumbai hosted the Hall of Fame Awards at TiEcon 2025, recognizing exceptional contributions to entrepreneurship and the economic ecosystem. The event, attended by over 3,000 participants, honored leaders like Chief Minister Devendra Fadnavis and innovators such as Suvir Sujan and T. V. Mohandas Pai for their transformative impact. Chief Guest N. R. Narayana Murthy celebrated the achievements of those driving India's startup growth and investment landscape.
OYO is projected to achieve an EBITDA of INR 1,550 crore in FY25, according to Ritesh Agarwal. This financial milestone reflects the company's growth trajectory and strategic initiatives in the hospitality sector.
OYO is projected to achieve an EBITDA of INR 1,550 crore in FY25, according to Ritesh Agarwal. This financial milestone reflects the company's growth trajectory and operational efficiency in the hospitality sector.
OYO is poised for significant growth, projecting a profit of INR 1,100 Cr in FY26, bolstered by its acquisition of G6 Hospitality, which is expected to contribute INR 630 Cr in EBITDA. Despite pressure from lenders to expedite its IPO, OYO continues to report strong financial performance, with a net profit of INR 166 Cr in Q3 FY25. In other news, Darwinbox has raised $140 Mn, NoPaperForms is preparing for an IPO, and Suchi Semicon is set to begin production in March 2024 after investing INR 840 Cr in its new factory.
Ritesh Agarwal
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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