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Articles tagged “ipo”

News Blog

India’s TBO.com Fully Acquires Accommodation Wholesaler BookaBed

Tek Travels, a wholly-owned subsidiary of Indian travel distribution platform TBO.com, has fully acquired BookaBed, a business-to-business (B2B) accommodation wholesaler for an undisclosed amount. Last year in April, Tek Travels had acquired a 51 percent stake in BookaBed. Headquartered in Switzerland’s Zug, Bookabed is said to be one of the largest online business-to-business booking engine…

Peden Doma Bhutia | 11 months ago

News Blog

Oyo Plans to Double Premium Hotel Count in Indonesia to 400

Oyo, the India-based budget hotel chain and booking platform, plans to double its premium segment hotel count in Indonesia from around 200 properties to over 400 by the end of 2023. Announcing its plans to double its portfolio, Oyo on Friday said the demand for premium accommodation options is expected to grow significantly in Indonesia in…

Peden Doma Bhutia | 11 months ago

Online Travel

MakeMyTrip Says an India Listing Still on the Agenda

As Oyo, Yatra and ixigo look to go public in India by this year, MakeMyTrip would probably wait and watch to see how these online travel companies fare in the market before launching an Indian IPO.

Peden Doma Bhutia | 11 months ago

MakeMyTrip Says an India Listing Still on the Agenda

Online Travel

How India’s EaseMyTrip Built a Brand Waiving Booking Fees

EaseMyTrip realized early on that the convenience fee is perhaps the most inconvenient part of travel bookings and were willing to let go of it in return for loyal customers.

Peden Doma Bhutia | 11 months ago

How India’s EaseMyTrip Built a Brand Waiving Booking Fees

News Blog

Oyo Still Keen to Pursue IPO Setting Mid-February Deadline for Refiling

Keen to pursue its long-anticipated initial public offering (IPO), hospitality tech company Oyo has said it would be refiling its draft red herring prospectus with the Indian stock market regulator Securities Exchange Board of India (SEBI) by mid-February. While the company refused to offer any estimation of the time it expects SEBI to take for…

Peden Doma Bhutia | 11 months ago

Airlines

Virgin Australia Owner Bain Capital Hints at IPO

As Australia's second-biggest carrier looks to relist at the stock exchange, the biggest question is how big a stake does Bain want to retain.

Scott Murdoch, Jamie Freed and Harish Sridharan, Reuters | 12 months ago

Virgin Australia Owner Bain Capital Hints at IPO

Online Travel

Oyo’s IPO Could Be Delayed as Indian Regulator Asks for Updated Filing

The run-up to an Oyo IPO is turning out to be a waiting-for-Godot moment. Let's just hope Godot shows up in this version, even if the delay is even a little longer.

Peden Doma Bhutia | 12 months ago

Oyo’s IPO Could Be Delayed as Indian Regulator Asks for Updated Filing

News Blog

Oyo Hits Reorg Button: Lays Off 600 Employees Across Tech and Product

Oyo, in preparation for its upcoming IPO in 2023, is doing a major reorg of its organizational structure and cost base. It has announced it is letting go of 600 employees out of a total of about 3700, mostly in its product and tech teams. From the company: "Oyo is downsizing its product and engineering,…

Rafat Ali | 1 year ago

Online Travel

Yatra Thinks an Early 2023 India IPO Could Spur New Alliances

Just days after news of Oyo's hoped-for initial public offering, Yatra is confident of getting listed in the Indian bourses by March 2023. If soaring travel demand in India is the new norm, then travel businesses have a lot to cheer about.

Peden Doma Bhutia | 1 year ago

Yatra Thinks an Early 2023 India IPO Could Spur New Alliances

Hotels

Oyo Still Wants to Go Public

Today’s edition of Skift’s daily podcast looks at Oyo's wished-for IPO, Context Travel's pre-tour homework, and Delta and Air France/KLM's sustainability efforts.

Rashaad Jorden | 1 year ago

Oyo Still Wants to Go Public