London, May 6 (PTI) Cybercriminals are still struggling to make effective use of AI tools despite widespread experimentation since the launch of ChatGPT, according to a new peer-reviewed study analysing more than 100 million posts from underground cybercrime forums.London
In the early 1990s, Qatar was grappling with a period of economic strain - high debt levels and weak state revenues were weighing heavily on its finances. To try to transform its fortunes the small Gulf state made a decisive bet on natural gas. It would develop its vast offshore gas reserves
West Bengal Police seized a vehicle linked to the killing of Suvendu Adhikari's personal assistant near Madhyamgram. Live rounds and fired cartridges were found at the scene. The vehicle's number plate was reportedly fake. BJP leaders called the incident a targeted attack by the TMC to spread fear
Honor Play 80 Plus has officially been launched in China, expanding the company’s Play 80 lineup with a device that clearly puts battery life front and centre. If you are someone who hates charging your phone frequently, this one is trying hard to grab your attention
Bengal e-way to impact protected forest landThe Jangal Mahal Elephant Corridor lies 7.75 km to the south of the project alignment, raising the potential for wildlife incursion. Published on: May 07, 2026 7:48 AM IST By Jayashree Nandi, NEW DELHI Share via Copy link The Union environment
Third time lucky? Oyo set to file draft prospectus for IPO in November
Hospitality company Oyo is again gearing up for a long-anticipated public listing, with reports indicating that it plans to file a draft red herring prospectus (DRHP) in November. With this issue, the company is said to be eyeing a valuation of $7-8 billion.
The SoftBank-backed company has seen signs of profitability in recent quarters, leading to a renewed push for its public listing. Market sources quoted by PTI suggest the issue size may be significant, making Oyo's public debut one of the largest in India in recent years.
ET had reported on May 27 that Oravel Stays, Oyo's parent, had invited pitches from merchant bankers for its IPO.
First two IPO attempts
This is not the first attempt by Oyo to hit the bourses. The company's IPO journey began in 2021, when it filed papers with the Securities and Exchange Board of India (Sebi) seeking to raise funds at a $12 billion valuation.
Oyo aimed to raise Rs 8,430 crore ($1.2 billion) through the public issue, with around Rs 7,000 crore ($950 million) through fresh issuance of shares and the balance through secondary share sales (offer for sale or OFS).
However, the Ritesh Agarwal-led company withdrew the draft papers due to market volatility triggered by the Covid-19 pandemic, among other macro factors, and decided to wait for better conditions.
The company then moved towards external funding. ET reported that Oyo had raised a funding round of $175 million in August led by founder Agarwal, who bought $100 million worth of shares. The round also saw participation from various family offices and private investors such as InCred Wealth, J&A Partners of Mankind Pharma promoters, ASK Financial Holdings and investor Ashish Kacholia.
The hospitality startup's valuation dipped to $2.5 billion during this round.
Oravel Stays refiled the DRHP, this time choosing to do it through the confidential pre-filing route in April 2023. The company submitted revised financials with greater transparency on key metrics due to the regulator's queries the previous time. ET had reported then that Oyo had reduced its issue size to $400-600 million, consisting entirely of freshly issued shares, with all the proceeds going to the company.
However, Sebi sent back the papers, seeking further clarifications and raised new questions around the company's valuation methodology and its ongoing legal disputes.
Take three
Now, with a third attempt underway, Oyo's leadership is banking on improved financials and market readiness to finally make its public market debut.
Discussions with key banking partners have ramped up in recent weeks. The valuation guidance is now pegged at $7-8 billion (around Rs 70 per share), potentially in the range of 25-30 times the Ebitda.
Financials
It was reported in May that as per the unaudited financials, Oyo's FY25 PAT (profit after tax) grew 172% from Rs 229 crore in the preceding year. It achieved an adjusted Ebitda of Rs 1,132 crore in FY25, compared to Rs 889 crore a year earlier, registering 27% growth and its tenth consecutive quarter of Ebitda profitability.
Source: EconomicTimes
Related Posts: OYO IPO Soon? Company To File DRHP In November Kalpika Ganesh posts video of quarrel with pub management King Charles’ brother Andrew arrested on suspicion of misconduct in public office EaseMyTrip plans to raise up to Rs 500 crore to expand hospitality and holiday business The future of hospitality in the age of AI Lucknow to host catering and hospitality expo In July Foreigner impressed by India’s hospitality as strangers serve him free biryani NCLAT sets aside NCLT order declaring JC World Hospitality promoters ineligible for bidding Oyo parent to revise bonus structure Oppo gearing up to rival Samsung Galaxy Z Fold 7 with a 6
Man ‘retires’ from corporate life at 35: ‘Burnout is real for millennials’The man’s post about leaving the corporate world has resonated with many, prompting varied reactions on social media. Published on: May 07, 2026 7:01 AM IST By Trisha Sengupta Share via Copy link The conversation
1 minutes ago
LG’s new Essential Series aims to make premium tech more accessible in India: Check complete range and pricesLG launches its 2026 appliance range in India, spanning budget to premium segments, with prices starting at ₹16,600 and new AI-powered, smart home solutions. Updated on: May 06
1 minutes ago
West Bengal BJP leader Suvendu Adhikari has called the killing of his personal assistant a "cold-blooded and pre-planned murder." He urged party workers to maintain peace while assuring that the culprits will be brought to justice. Union Minister Sukanta Majumdar echoed these sentiments
1 minutes ago
Media mogul Ted Turner, who pioneered the modern 24-hour news culture when he launched the CNN channel, has died at the age of 87, the network has announced. In 1980, Turner launched Cable News Network as the first dedicated rolling news channel
1 minutes ago
Employees at State Bank of India (SBI), the country’s largest public sector lender, have announced a two-day nationwide strike later this month, escalating tensions over long-standing workplace concerns. The action, led by the All India State Bank of India Staff Federation
1 minutes ago
The AIADMK has firmly stated it will not support the Vijay-led TVK in forming a government in Tamil Nadu, refuting media reports of a post-poll alliance. Despite TVK's strong debut with 108 seats, falling short by 10, the AIADMK clarified its stance
1 minutes ago
Robert Downey Jr. takes swipe at influencers, says calling them ‘stars of the future’ is ‘horses**t’Despite commanding a huge social media following of his own, Robert Downey Jr. admitted that he avoids going “too deep down the rabbit hole” online. May 7, 2026
1 minutes ago
The date coincides with Rabindra Jayanti, the birth anniversary of Nobel laureate Rabindranath Tagore. West Bengal New Government: The oath-taking ceremony of the new Chief Minister of West Bengal will take place on May 9, BJP State President Samik Bhattacharya said on Tuesday
1 minutes ago
Ted Turner, the founder of CNN who is credited with starting the 24-hour news cycle, died on Wednesday, reported the American news network. He was 87. He had been suffering from Lewy Body Dementia, a neurodegenerative disease, according to AFP. Launched in 1980
1 minutes ago
Star Fox remake reviews: New Nintendo Switch 2 trailer leaves fans in doubt; ‘I'm torn…’Nintendo announced a Star Fox 64 remake for Switch 2 during Nintendo Direct. Launching June 22, the reveal sparked mixed fan reactions online. Published on: May 07
1 minutes ago
3 zodiac signs may attract fiscal growth and new opportunities by this weekend, according to a tarot readerThis week may bring promising financial energy for a few zodiac signs, according to tarot insights shared by tarot reader Kishori Sud. Updated on: May 07
1 minutes ago
Google Chrome browser on your desktop may be taking more space than you think. The matter came to light via a blog post from Swedish computer scientist Alexander Hanff, who stated that Google Chrome is automatically downloading a 4GB AI model on users' browsers without their explicit permission
1 minutes ago
In a market where power demand is no longer cyclical but structural, the real wealth creators are quietly shifting from generators to enablers. The spotlight is moving beyond power producers to the backbone of the ecosystem—the ancillary businesses that build, connect, transmit
1 minutes ago
The landslide victory of the Bharatiya Janata Party and its allies in the Assam assembly elections came as no surprise to Chief Minister Himanta Biswa Sarma. One of the reasons, he told reporters after the result, was the delimitation exercise carried out in 2023
1 minutes ago
Laid-off American techie moves to Germany with family: ‘US seems unaffordable now’A Germany-based American family has opened up about why they left the United States for Europe and how their life has changed since the move. Updated on: May 06
1 minutes ago
Paris Saint-Germain return to Champions League final as Ousmane Dembele goal stifles Bayern MunichThe draw gave PSG, the defending champion, a 6-5 win on aggregate after edging their encounter 5-4 in the first leg in Paris last week. Updated on: May 07
1 minutes ago
Puducherry's 15th Legislative Assembly has been dissolved by Lieutenant Governor K Kailashnathan, effective May 5. This follows the election results announced on May 4, which saw N Rangasamy's AINRC-led NDA secure a decisive victory, winning 18 seats in the 30-member House
1 minutes ago
Singer Bonnie Tyler has been rushed into hospital for emergency intestinal surgery. The 74-year-old star is being treated in Faro, Portugal, where she has a home. A spokesperson said: "The surgery went well and she is now recuperating. We know that all of her family, friends
1 minutes ago
Several instances of alleged communal intimidation and vandalism were reported in West Bengal on Tuesday, a day after the Bharatiya Janata Party won the Assembly elections in the state. Winning 207 of the 294 Assembly seats, the BJP defeated the Mamata Banerjee-led Trinamool Congress in the results
1 minutes ago
India's new Research, Development, and Innovation Fund is receiving an enthusiastic response from the private sector. This unique initiative, launched by Prime Minister Narendra Modi, aims to accelerate breakthrough technologies. The fund supports high-risk
1 minutes ago
Leopard attacks motorcyclist in Ambegaon, one injuredThe victim, identified as Prashant Arun Rokade, a resident of Loni village in Ambegaon tehsil, sustained injuries to his left leg in the leopard attack Published on: May 07, 2026 7:34 AM IST By Gayatri Vajpeyee Share via Copy link A 34-year-old
1 minutes ago
Arsenal has reached the Champions League final. They secured a 2-1 aggregate victory against Atletico Madrid. Captain Bukayo Saka scored the decisive goal. This marks Arsenal's second appearance in the final. They will face either Paris St Germain or Bayern Munich
1 minutes ago
Sugar-free products with sugar. ‘Real’ juices with artificial ingredients. Misleading food ads are fuelling a public health crisis in India. Help Scroll expose the systemic failure. Support our investigation.Sugar-free products with sugar. ‘Real’ juices with artificial ingredients
1 minutes ago
Delhi tops metro cities in violent crimes, records highest numbers in murders, kidnappings and thefts: NCRB reportThe 2024 edition is the first to capture data under the BNS, which came into effect on July 1, 2024. Updated on: May 07, 2026 7:52 AM IST By Jignasa Sinha, Paras Singh
1 minutes ago
Love Horoscope Today for May 7, 2026: Astro insights share something in love is moving faster than expectedLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 07, 2026 7:30 AM IST By Kishori Sud Share via Copy link Aries Love Energy: Healing through
1 minutes ago
President Donald Trump predicted a swift end to potential conflict with Iran, emphasizing the U.S. objective of preventing Tehran from acquiring nuclear weapons. Speaking at a tele-rally, Trump stated that the ongoing actions are for a crucial reason and expressed confidence that the situation will
1 minutes ago
Ektaa Kapoor thanks Priyadarshan for career’s biggest hit Bhooth Bangla, admits having ‘respectful disagreements'Ektaa Kapoor praised director Priyadarshan for prioritising producer profits and ensuring a respectful collaboration during the making of Bhooth Bangla. May 7, 2026
1 minutes ago
