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OYO Rooms
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OYO Hotels & Homes: A Rapid Rise in the Hospitality Sector OYO, headquartered in Gurgaon, is a multinational hospitality chain offering leased and franchised hotels, homes, and living spaces globally. Founded in 2012 by Ritesh Agarwal, the company initially focused on budget accommodations. Its ...
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- Company type Private
- Industry Hospitality
- Founded 2012
- Founders Ritesh Agarwal
- Headquarters Gurgaon, Haryana, India
- Area served Asia, Europe and Americas
- Key people Ritesh Agarwal (Group CEO)
- Revenue ₹5,388 crore (US$620 million) (FY24)
- Net income ₹229 crore (US$26 million) (FY24)
- Number of employees 1,330 (2023)
- Subsidiaries Motel 6
- Website www.oyorooms.com
Related Other Pages:
- MakeMyTrip and Airbnb
OYO Rooms history
Last Updated : 19/03/25, 04:27 AM
OYO: A Rapid Ascent in the Hospitality Sector Launched in 2012 as Oravel Stays by Ritesh Agarwal, OYO quickly transformed into a leading budget accommodation platform. Early success included a $100,000 Thiel Fellowship grant. Strategic acquisitions followed, including Qlik Pass's data science team i...
OYO ROOMS NEWS
Airbnb invests in OYO's series E funding round
April 01, 2019 2:11 pm
The investment will give Airbnb access to a variety of franchised or leased hotels, helping it lure travellers who have shied away from the risks and quirks of renting a stranger's home.
Oyo to invest Rs 1,400 crore in India and Nepal businesses
March 13, 2019 4:44 am
So far, Oyo has raised around $1.7 billion in funding, according to data from Crunchbase.
OYO appoints former IndiGo President Aditya Ghosh as CEO India & South Asia
November 15, 2018 5:09 pm
OYO currently has footprints in over 500 cities across India, China, Malaysia, Nepal, the UK, the UAE and Indonesia.
Oyo Hotels is raising $1 bn to fund its growth in China and other countries
September 25, 2018 12:57 pm
At a $5 billion valuation, Oyo would be India’s most-valuable startup after One97 Communications, the parent of digital payments pioneer Paytm.
OYO's going to launch in UK, aims to sign up 300 hotels across 10 cities
September 19, 2018 3:59 pm
Marking its first expansion outside of Asia, OYO has said it will be entering 10 cities in the UK.
SoftBank, others invest $250 million in OYO
September 08, 2017 1:34 am
Hotel aggregator OYO Rooms on Thursday said that it has raised its largest ever funding round of $250 million (Rs1,600 crore) through Series D led by Japanese internet and telecom conglomerate SoftBank and Sunil Kant Munjal-led Hero Enterprise
OYO Rooms enters into partnership with ItzCash
June 08, 2016 2:01 pm
The companies have not disclosed financial details of the deal.
OYO enters Northeast, offers 250 rooms in Gangtok, Darjeeling
May 16, 2016 4:43 pm
Online aggregator of branded hotels OYO Rooms has expanded its presence in the north-east by offering more than 250 standardised rooms in Gangtok and Darjeeling.
