KKR, Apax Partners in race to buy significant stake in CCD
Thursday, December 26, 2019, 7:34 AM
Private equity firms KKR and Apax Partners are the only ones left in the race for a significant stake in Cafr Coffee Day (CCD), as three others including Oyo have backed out after showing early interest, three people familiar with the matter said. KKR and Apax Partners are now conducting due diligence of the coffee chain, the people said.
Cheating case against Oyo founder Ritesh Agarwal, 6 others
Tuesday, November 5, 2019, 11:43 AM
A cheating case has been registered against OYO Hotels & Homes founder Ritesh Agarwal and six others based on a complaint by a hotelier who has alleged that the firm did not pay rent for rooms for the past five months, police said. Appropriate criminal proceedings will be initiated against the Bengaluru owner, the company said.
OYO's Ritesh Agarwal Booked Over Cheating, Criminal Breach Of Trust
Saturday, September 7, 2019, 12:14 PM
Bengaluru Police have booked Gurugram-based budget hospitality startup OYO's Founder and CEO Ritesh Agarwal, along with two other company representatives. This came over a complaint by a Bengaluru-based hotelier who accused them of criminal breach of trust and cheating him of around Rs.1 crore. He alleged that OYO representatives took 80% of the reservation share instead of agreed 20%.