In a significant move set to reshape India’s hospitality industry, Sedna HoReCa, a B2B platform catering to hotels, restaurants, and catering services, has secured an investment of ₹50 crore from Anicut Capital. This funding marks a pivotal step towards transforming India’s fragmented hospitality supply chain into a streamlined, technology-driven ecosystem.
What Is Sedna HoReCa?
Sedna…
OYO Makes Big Moves with Leadership Changes and U.S. Expansion
OYO, the hospitality giant led by Ritesh Agarwal, is making waves in the industry with a leadership change and an exciting expansion in the U.S. The company has appointed Sonal Sinha as the Chief Executive Officer of G6 Hospitality, the U.S.-based motel chain OYO acquired last December.
This move comes after OYO’s acquisition of G6…
In an exciting move to further expand its global presence, OYO, the Indian travel-tech giant led by Ritesh Agarwal, has announced a $10 million investment in the U.S.-based G6 Hospitality, which owns popular hotel chains like Motel 6 and Studio 6. This comes after OYO’s acquisition of G6 Hospitality from Blackstone Real Estate in a $525 million all-cash deal.
This strategic investment is set to…
Oyo’s Valuation Soars to $4.6 Billion After Nuvama Wealth Buys Rs 100 Crore Stake
In a significant development for India’s leading hospitality giant, Oyo, the company’s valuation has reached an impressive $4.6 billion following a major investment. Nuvama Wealth and Investment Limited has acquired a stake worth Rs 100 crore in Oravel Stays Ltd (the parent company of Oyo) at Rs 53 per share in…
Ritesh Agarwal Plans to Increase Stake in OYO with Fresh Rs 550 Crore Investment
Ritesh Agarwal, the founder and CEO of OYO, is set to increase his stake in the hospitality giant. According to recent reports, Agarwal is planning to buy Rs 550 crore worth of shares in OYO, which will raise his stake from 30% to 32% in the company.
This move is part of a broader strategy to strengthen his control…
In a significant move to bolster its presence in the U.S. hospitality market, OYO, the India-based parent company of Oravel Stays, has announced its acquisition of G6 Hospitality, the franchiser of the well-known Motel 6 and Studio 6 brands, for $525 million. This all-cash transaction, backed by Blackstone Real Estate, is expected to close in the fourth quarter of 2024, pending customary closing…
Katerina Giannouka: Transforming Jumeirah Group with Bold Expansion and Global Vision
Katerina Giannouka, a trailblazing leader in the hospitality industry, has been making waves as the CEO of Jumeirah Group since 2022. With a remarkable track record spanning over two decades, Giannouka is redefining the global presence of one of the world’s leading luxury hotel groups.
Under Giannouka’s…
