OYO
Founded Year
2012Stage
Series G | AliveTotal Raised
$3.311BValuation
$0000Last Raised
$173.53M | 4 mos agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+73 points in the past 30 days
About OYO
OYO provides hospitality services focusing on hotel and home bookings. The company offers a platform for sanitized stays, standardized amenities, and digital management tools for property owners. OYO primarily serves the hospitality and travel sectors by enabling property owners to list their hotels and homes and providing travelers with accommodations. It was founded in 2012 and is based in Gurgaon, India.
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Research containing OYO
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned OYO in 1 CB Insights research brief, most recently on Sep 7, 2023.
Expert Collections containing OYO
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OYO is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,249 items
Travel Technology (Travel Tech)
3,096 items
The travel tech collection includes companies offering tech-enabled services and products for tourists and travel players (hotels, airlines, airports, cruises, etc.). It excludes financial services and micro-mobility solutions.
Tech IPO Pipeline
257 items
The tech companies we think could hit the public markets next, according to CB Insights data.
OYO Patents
OYO has filed 3 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/16/2021 | 9/3/2024 | Grant |
Application Date | 9/16/2021 |
|---|---|
Grant Date | 9/3/2024 |
Title | |
Related Topics | |
Status | Grant |
Latest OYO News
Oct 23, 2024
The Story of OYO Hotels by Ritesh Agarwal 26 OYO Hotels, known for offering quality accommodation at affordable prices, has revolutionized the hospitality industry in countries across the world, including India . But the success story of OYO Hotels is linked to the journey of founder and CEO Ritesh Agarwal. Simple beginnings, bold dreams Ritesh Agarwal’s journey to becoming a titan in the hospitality industry has been simple. He started his entrepreneurial journey at a young age by selling SIM cards. This experience has taught him a deep understanding of the market and an understanding of the needs of budget travellers. In 2013, at the age of 20, Ritesh founded OYO Hotels with a grant and a dream of revolutionizing affordable accommodation. Empire Building: The Rise of OYO Hotels The success of OYO Hotels is no coincidence. It was all based on Ritesh’s unshakable belief in his idea, tireless hard work and ability to identify opportunities. OYO has partnered with small and independent hotels to provide them with quality services, training and marketing support. In exchange he received a commission on bookings. This win-win model has not only ensured a quality stay experience for travellers, but has also empowered independent hoteliers. Rapid expansion and global recognition The OYO Hotels model has been a huge success. The company expanded to hundreds of Indian cities and later entered international markets such as Southeast Asia and the Middle East. This rapid growth has catapulted OYO Hotels to unicorn status (a startup valued at over a billion dollars) in just a few years. Ritesh Agarwal Net Worth Agarwal’s personal story reflects the rapid growth of OYO Hotels. In 2020, at the age of 27, Hurun was recognized as the world’s youngest billionaire by Rich List. His net worth is estimated to be around $1.1 billion. Despite the impact of the COVID-19 pandemic on OYO Hotels’ valuation, Ritesh Agarwal’s entrepreneurial and tactical decisions have ensured the company’s continued growth. As of March 2024, Ritesh Agarwal’s net worth is estimated at ₹16,000 crore ($2.1 billion), solidifying his position as a prominent figure in the business world. Lankasiri to know local and foreign news instantly WHATSAPP CHANNEL Sign up to Ritesh Agarwal OYO Rooms Success Story Tamil OYO Rooms Success Story, Ritesh Agarwal Story, OYO Rooms Net Worth, Ritesh Agarwal Net Worth, Budget Hotel Startup Success Story, Young Entrepreneur Success Story, Expansion OYO Rooms Global, How to Book OYO Rooms in India, How to Book OYO Rooms in Tamil Nadu,
OYO Frequently Asked Questions (FAQ)
When was OYO founded?
OYO was founded in 2012.
Where is OYO's headquarters?
OYO's headquarters is located at Sohna Road, Gurgaon.
What is OYO's latest funding round?
OYO's latest funding round is Series G.
How much did OYO raise?
OYO raised a total of $3.311B.
Who are the investors of OYO?
Investors of OYO include Mankind Pharma Promoter's Family Office, J&A Partners, ASK Group, InCred Wealth, Patient Capital Collaborative and 28 more.
Who are OYO's competitors?
Competitors of OYO include Stanza Living, FabHotels, NestAway, Bag2Bag, Treebo Hotels and 7 more.
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Compare OYO to Competitors
Treebo Hotels is a digital hotel company specializing in the premium-budget segment of the hospitality industry. The company offers safe, clean, and comfortable accommodations with standardized amenities at affordable prices. Treebo Hotels also provides an all-in-one hotel management software solution, Hotel Superhero, which includes a property management system, central reservation system, and other tools for hospitality businesses. It was founded in 2015 and is based in Bengaluru, India.
Sturmfrei Hospitality focuses on providing accommodation solutions in the tourism and hospitality industry. The company offers a range of socializing hostels and villas that cater to the needs of travelers seeking community-driven and empowering travel experiences. Sturmfrei Hospitality primarily serves the travel and tourism sector, offering spaces for nomads, hustlers, seekers, and anyone in between. It was founded in 2018 and is based in Ahmedabad, India.
MyIndianStay, founded in 2012, provides a unique experience to those travelling in India by offering accommodation in villas, homestays, guest houses and apartments. The company's platform has features like Smart Lock Integration which allows the traveler to unlock the property using her/his smartphone, Host-Guest Interaction Platform that provides a transparent communication channel to both the host and the guest, and Local Accommodation Discovery Tool, a mobile app which will allow a traveler to discover and book unique accommodation options in the nearby vicinity after reaching the destination.
Colive is a technology-driven company focused on the real estate and housing industry. The company provides fully-managed, ready-to-move-in homes that are conveniently located near major IT parks and business hubs. These homes are equipped with modern amenities and tech-enabled safety features, offering flexible and affordable living options for single professionals, young couples, and families. It was founded in 2016 and is based in Bengaluru, India.
Mad Monkey Hostels is a company that operates in the hospitality and tourism industry. The company provides hostel accommodations and travel experiences for backpackers and young travelers. Their services include offering lodging in various locations across Asia, organizing tours and activities, and providing a platform for social interaction among guests. It was founded in 2011 and is based in Singapore.
RedDoorz focuses on providing low cost accommodations in Southeast Asia. The company offers standardized hotel stays with amenities such as Wi-Fi, television, water, bathrooms, and toiletries. RedDoorz primarily serves the travel and tourism sector by transforming fragmented supply inventory into standardized accommodations. It was founded in 2015 and is based in Jakarta, Indonesia.
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