Details

Last Funding Type

Series E

Last Funding Money Raised

$75M

Industries

Hospitality,Software,Travel,Travel Accommodations

Founded date

Feb 21, 2012

Number Of Employee

5001 - 10000

Operating Status

Active

Legal Name

Oravel Stays Private Limited

Also Known As

OYO Rooms,OYO

Investor Type

Venture Capital

OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aims to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 157K hotel and home storefronts in more than 35 countries including India, Europe, and Southeast Asia.

OYO was founded by Ritesh Agarwal, one of the first Asian residents to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel).

OYO operates a unique business model that helps its patrons transform fragmented, unbranded and underutilized hospitality assets into branded, digitally-enabled storefronts with higher revenue generation potential and provides its customers with access to a broad range of high-quality storefronts at compelling price points.

Owners and operators of over 157K storefronts use the OYO platform to manage all mission-critical aspects of their business operations. OYO’s comprehensive, full-stack technology suite integrates more than 40 products and services across digital sign-up and onboarding, revenue management, daily business management and D2C stacks into two flagship patron applications, Co-OYO and OYO OS. This enables patrons to have a significant digital presence across OYO’s extensive distribution network.

OYO customers can book storefronts through OYO’s own D2C channels and through indirect channels with third-party OTAs. The OYO App offers a variety of digital tools to guide customers throughout their journey, including discovery, seamless booking, pre-stay assistance, cancellations, digital check-ins as well as in-stay and post-stay services. With over 100 mn downloads, the OYO App was the 3rd most downloaded travel app in 2020. OYO Wizard, OYO’s loyalty program, has 9.2 million members and is the second largest loyalty program run by a travel or food brand in India, by subscriber base.

OYO has acquired 8 organizations. Their most recent acquisition was Novascotia Boutique Homes on Mar 18, 2018. They acquired Novascotia Boutique Homes for 0.

Date Company Name	Industry	Acquisition Type	Price
Mar 18, 2018 Novascotia Boutique Homes	Hotel	acquisition	—	Detail
Jul 10, 2018 AblePlus Solutions Pvt. Ltd.	Industrial Automation	acquisition	—	Detail
Aug 13, 2018 Weddingz	Event Management	acquisition	—	Detail
Mar 15, 2019 Innov8 Coworking	Collaboration	acquisition	$ 30M	Detail
Mar 26, 2019 Qianyu Islands	Business Intelligence	acquisition	—	Detail