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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.
Oyo's founder, Ritesh Agarwal, has projected a profit after tax (PAT) of Rs 1,100 crore for the fiscal year 2026. This forecast highlights the company's growth trajectory and financial ambitions in the competitive hospitality sector.
OYO's founder, Ritesh Agarwal, anticipates a net profit of INR 1,100 Cr in FY26, bolstered by the acquisition of G6 Hospitality, which is expected to contribute INR 630 Cr to EBITDA. The company reported a significant increase in profit after tax, jumping nearly 6X to INR 166 Cr in Q3 FY25. Amid pressure from creditors regarding a looming debt repayment, OYO is fast-tracking its IPO process, having previously withdrawn its draft prospectus last year.
OYO is accelerating its plans for an initial public offering (IPO) as founder Ritesh Agarwal faces a looming debt deadline. The company is navigating financial pressures while aiming to enhance its market position through this strategic move.
Elon Musk expressed optimism about the India-US relationship during a meeting with Indian business leaders at SpaceX's Starbase in Texas, advocating for reduced trade barriers to enhance collaboration, particularly in technology and space exploration. He praised India as a complex and ancient civilization, highlighting the potential for powerful partnerships as the US transitions to a new administration. The event, organized by the India Global Forum, included discussions on opportunities in digital infrastructure and foreign investment to strengthen bilateral ties.
Ritesh Agarwal
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OYO expects revenue growth of 60 percent to 2100 crore in Q4
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tiEcon Mumbai 2025 highlights dhanda first philosophy for sustainable entrepreneurship
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