wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

Oyo to add 35,000 rooms in Uttarakhand

Oyo will invest Rs 500 crore to add 35,000 rooms in Uttarakhand. The rooms will be spread across the states in cities like Dehradun, Mussoorie, Rishikesh, and Haridwar. The company has not given a timeline on when it will add these rooms.  Oyo now claims presence in over 350 cities with 10,000 hotels in India, Nepal, China, Malaysia, and the UK.  The homegrown company also claimed last month to have over 1,25,000 rooms in India and over 87,000 rooms in China. In its latest funding round, the company last month raised $800 million from SoftBank Vision Fund and other existing investors, most of which will be invested in expanded Oyo's China operations. After the funding, the company stood valued at $5 billion. Legal tussle with Zostel Earlier this week, the Supreme Court appointed an arbitrator between Zostel and Oyo. The two have been embroiled in a legal war across multiple courts, ranging from issues like data theft to acting in bad faith. Accusations flew from both sides after merger talks between the two broke down. Now, an arbitrator will decide whether the arbitrator agreement signed by the two stands. If it does, the companies will have to fight out their disputes in a private arbitration setting instead of in open court.

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

Free Reads

News

"Without Google’s abuse of its dominant position, the media companies would have received significantly higher revenues from advertising and paid lower fees for ad...

News

Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.

News

According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ