{{short description|Indian multinational hospitality company}} {{Distinguish|Oyo Hotel & Casino}} {{Use dmy dates|date=December 2025}} {{Use Indian English|date=December 2025}} {{Infobox company | name = OYO Hotels & Homes | logo = 100px | type = Private | trade_name = OYO Rooms<br />OYO Hotels and Homes | industry = Hospitality | founded = {{start date and age|df=yes|2012}}<ref name="auto">{{cite news |title=Online short-stay accommodation venture Oravel raises funds |url=https://economictimes.indiatimes.com/small-biz/startups/online-short-stay-accommodation-venture-oravel-raises-funds/articleshow/16816800.cms |work=The Economic Times |date=15 October 2012 |access-date=25 April 2022}}</ref> | location = Gurgaon, Haryana, India<ref>{{cite news |last1=Kaushik |first1=Manu |date=18 February 2020 |title=Mystery of the Oyo Rooms |url=https://www.businesstoday.in/magazine/cover-story/story/mystery-of-the-oyo-rooms-ritesh-agarwal-investors-business-model-250370-2020-02-18 |work=Business Today |access-date=23 January 2024}}</ref><ref>{{cite web |title=OYO |url=https://in.linkedin.com/company/oyo-rooms |website=LinkedIn |date=13 February 2022 |access-date=23 January 2024}}</ref> | founder = Ritesh Agarwal | key_people = Ritesh Agarwal (Group CEO) | num_employees = 1,330 (2023)<ref>{{cite news |title=Employees, ex-staff of IPO-bound OYO buy around 3 crore shares |url=https://www.livemint.com/companies/news/employees-ex-staff-of-ipo-bound-oyo-buy-around-3-crore-shares-11641205535862.html |access-date=25 April 2022 |work=Mint |date=3 January 2022 |language=en}}</ref> | revenue = {{down}} {{INRConvert|5388|c|lk=on}} (FY24)<ref name="fy24">{{cite news |title=Oyo posts first-ever annual profit of Rs 229 crore in FY24, eyes expansion |url=https://www.business-standard.com/companies/results/oyo-q1-result-firm-posts-1st-ever-profit-of-rs-229-cr-eyes-expansion-124081400994_1.html |work=Business Standard|date=14 August 2024|access-date=22 August 2024}}</ref> | operating_income = {{increase}} {{INRConvert|877|c}} (FY24)<ref name="fy24"/> | net_income = {{increase}} {{INRConvert|229|c}} (FY24)<ref name="fy24"/> | assets = {{up}} {{INRConvert|8751|c}} (2021) | area_served = Asia, Europe and Americas | owners = {{ubl|SoftBank (46.62%)|Ritesh Agarwal (33.15%)<ref>{{cite news |last=Keshavdev |first=V. |date=11 October 2021 |title=Ritesh Agarwal's ownership cost highest among Oyo investors |url=https://www.fortuneindia.com/enterprise/ritesh-agarwals-ownership-cost-highest-among-oyo-investors/105951 |work=Fortune India |access-date=10 March 2024}}</ref>}} | parent = Prism | subsid = Motel 6 | website = {{URL|https://www.oyorooms.com/|oyorooms.com}} }}
'''OYO Rooms''' (stylised as '''OYO'''), formerly known as '''OYO Hotels & Homes''', is an Indian multinational hospitality chain owned by '''PRISM'''<ref>{{Cite news |last=Chaturvedi |first=Anumeha |date=7 September 2025 |title=Oyo rebrands corporate name to PRISM to reflect global expansion |url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/oyo-rebrands-corporate-brand-name-to-prism-to-reflect-global-expansion/articleshow/123744790.cms |access-date=22 October 2025 |work=The Economic Times |issn=0013-0389}}</ref> which operates leased hotels, homes, and living spaces. It is headquartered in Gurgaon, Haryana.<ref>{{cite news |last1=Sahay |first1=Priyanka |title=With 8.5 lakh rooms, Oyo claims third spot globally |url=https://www.moneycontrol.com/news/business/oyo-says-it-is-worlds-3rd-largest-hotel-chain-by-room-count-4191531.html |access-date=25 April 2022 |work=Moneycontrol |date=10 July 2019 |language=en}}</ref><ref>{{cite news |last1=Soni |first1=Sandeep |title=How OYO became India's 3rd best company to work for in just 6 years |url=https://www.financialexpress.com/industry/sme/how-oyo-became-indias-3rd-best-company-to-work-for-in-just-6-years/1540659/ |access-date=25 April 2022 |work=Financial Express |date=7 April 2019 |language=en}}</ref><ref>{{cite news |last1=Gooptu |first1=Biswarup |title=Oyo Hotels: Have become the second-largest hotel group in China: Oyo |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/have-become-the-second-largest-hotel-group-in-china-oyo/articleshow/69445392.cms |access-date=25 April 2022 |work=The Economic Times |date=22 May 2019}}</ref> Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels.<ref name="auto"/> As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.<ref>{{cite magazine |last=Kaushik |first=Manu |date=8 March 2020 |title=Mystery of the Oyo Rooms |url=https://www.businesstoday.in/magazine/cover-story/story/mystery-of-the-oyo-rooms-ritesh-agarwal-investors-business-model-250370-2020-02-18 |access-date=25 April 2022 |magazine=Business Today}}</ref>
==History== [[File:The Vintage Hotel.jpg|thumb|OYO hotel in Johor, Malaysia]] [[File:Hooters Casino (7823234654).jpg|thumb|In 2019, OYO acquired Hooters Casino Hotel near the Las Vegas Strip]] In 2012, Ritesh Agarwal launched Oravel Stays as a budget accommodation listing and booking website, later renamed to OYO in 2013.<ref>{{Cite news |first=Paramita |last=Chatterjee |date=16 May 2017 |url=http://www.forbesindia.com/article/8th-anniversary-special/how-oyos-ritesh-agarwal-transformed-the-business-of-budget-accommodation/46971/1 | title=How OYO's Ritesh Agarwal transformed the business of budget accommodation |work=Forbes |access-date=11 April 2021}}</ref> Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship, a two-year program from PayPal co-founder Peter Thiel.<ref>{{Cite news |last=Bergen |first=Mark |date=10 May 2013 |title=Oravel founder Ritesh Agarwal wins Thiel Fellowship |url=https://www.livemint.com/Companies/ZbqDGYUN0yfhtB2syOIDVP/Oravel-founder-Ritesh-Agarwal-wins-Thiel-Fellowship.html |access-date=11 April 2021 |work=Mint}}</ref><ref>{{Cite news |first=Shona |last=Ghosh |date=22 September 2018 |url=https://www.businessinsider.com/ritesh-agarwal-interview-with-founder-of-peter-thiel-backed-oyo-2018-9 |title=Ritesh Agarwal: Interview with founder of Peter Thiel-backed Oyo |work=Business Insider |access-date=11 April 2021 |url-access=subscription}}</ref>
In November 2015, Oyo signed a term sheet to acquire Zostel's Zo Rooms in an all-stock deal which would give Zostel's founders and investors a combined 7% stake in Oyo.<ref>{{cite news |last1=Shrivastava |first1=Aditi |last2=Chanchani |first2=Madhav |date=17 December 2015 |title=Oyo Rooms to acquire Zo Rooms in an all-stock deal |url=https://economictimes.indiatimes.com/small-biz/startups/oyo-rooms-to-acquire-zo-rooms-in-an-all-stock-deal/articleshow/50210682.cms |access-date=25 April 2022 |work=The Economic Times}}</ref> In February 2016, Oyo's biggest stakeholder SoftBank announced in its earnings report that the acquisition was completed.<ref>{{cite news |last1=Sahay |first1=Priyanka |title=Oyo Rooms has acquired Zo Rooms: SoftBank |url=https://www.livemint.com/Companies/xuiwyocuFosCu6l1T6DfuJ/Oyo-Rooms-has-acquired-Zo-Rooms-says-SoftBank.html |access-date=25 April 2022 |work=mint |date=10 February 2016 |language=en}}</ref> However, in October 2017, Oyo stated that the deal was called-off and the "non-binding term sheet" for the deal had expired in September 2016.<ref>{{cite news |last1=Russell |first1=John |title=The deal that never was: OYO says it didn't acquire rival ZO Rooms after all |url=https://techcrunch.com/2017/10/26/oyo-zo-rooms-deal/ |access-date=25 April 2022 |work=The Pharmaceutical Journal |date=27 October 2017 |doi=10.1211/pj.2018.20205559}}</ref> Zostel claimed that the term sheet was binding and it had transferred its business to Oyo which in turn failed to transfer the 7% stake.<ref>{{cite news |title=Zostel-Oyo tussle intensifies |url=https://www.thehindubusinessline.com/companies/zostel-oyo-tussle-intensifies/article36949610.ece |access-date=25 April 2022 |work=The Hindu Business Line |date=11 October 2021 |language=en}}</ref> In 2018, Zostel approached the Supreme Court of India, which appointed former Chief Justice of India, A. M. Ahmadi as the sole arbitrator to resolve the dispute.<ref>{{cite news |last1=Gooptu |first1=Biswarup |last2=Shrivastava |first2=Aditi |date=3 October 2018 |title=OYO-Zo Rooms: SC sends OYO-Zo Rooms dispute for arbitration |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/sc-sends-oyo-zo-rooms-dispute-for-arbitration/articleshow/66048279.cms |access-date=25 April 2022 |work=The Economic Times}}</ref> In March 2021, Ahmadi ruled that the term sheet was binding and Zostel was entitled to execute the definitive agreements in the contract.<ref>{{cite news |last=Kaushik |first=Manu |date=16 March 2021 |title=Will Oyo be forced to give 7% equity to Zostel? |url=https://www.businesstoday.in/latest/corporate/story/will-oyo-have-to-really-give-7-shareholding-to-zostel-290905-2021-03-16 |access-date=25 April 2022 |work=Business Today |language=en}}</ref> In October 2021, Zostel wrote to the Securities and Exchange Board of India, seeking a stay on Oyo's IPO and claiming that Oyo's "capital structure is not final."<ref>{{cite news |last1=Mishra |first1=Digbijay |date=11 October 2021 |title=Zostel asks Sebi to reject and suspend Oyo's $1.2-billion IPO |url=https://economictimes.indiatimes.com/tech/startups/zostel-asks-sebi-to-reject-and-suspend-oyos-1-2-billion-ipo/articleshow/86937192.cms |access-date=25 April 2022 |work=The Economic Times}}</ref> In February 2022, the Delhi High Court rejected Zostel's appeal for a 7% stake in Oyo.<ref>{{cite news |title=Oyo IPO: Delhi HC rejects Zostel's petition for stake in firm |url=https://www.business-standard.com/article/companies/oyo-gets-breather-after-delhi-hc-rejects-zostels-petition-for-stake-in-firm-122021500145_1.html |access-date=25 April 2022 |work=Business Standard India |date=15 February 2022}}</ref>
In March 2016, OYO acquired the team of Qlik Pass, founded by Rahul Gupta and Rishi Swami, to set up and lead its data science department.<ref>{{Cite news | url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/oyo-rooms-hires-3-senior-executives/articleshow/51530822.cms | title=OYO Rooms hires 3 senior executives | work=The Economic Times | date=23 March 2016|access-date=26 March 2020}}</ref>
In March 2018, OYO acquired Chennai-based service apartment operator, Novascotia Boutique Homes,<ref>{{Cite news | url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/oyo-acquires-chennais-novascotia-boutique-homes/articleshow/63358150.cms | title=OYO acquires Chennai's Novascotia Boutique Homes | first=Biswarup | last=Gooptu | work=The Economic Times | date=18 March 2018|access-date=26 March 2020}}</ref><ref>{{Cite news | url=https://www.thenewsminute.com/article/oyo-acquires-chennai-based-novascotia-boutique-homes-expand-corporate-offering-78171 | title=Oyo acquires Chennai-based Novascotia Boutique Homes to expand corporate offering | work=The News Minute | date=19 March 2018 |access-date=26 March 2020}}</ref> to establish its presence in the service apartment and corporate executive stay segment. It acquired Weddingz.in, a Mumbai-based online marketplace for wedding venues and vendors.<ref>{{Cite news | url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oyo-acquires-wedding-marketplace-weddingz/articleshow/65361237.cms | title=OYO acquires wedding marketplace Weddingz | work=The Economic Times | date=11 August 2018|access-date=26 March 2020}}</ref>
In 2019, OYO and Airbnb announced a strategic partnership where OYO would list their properties in the Airbnb platform.<ref>{{Cite news |last=Russell |first=Jon | date=1 April 2019 |url=https://techcrunch.com/2019/04/01/airbnb-oyo-investment/ | title=Airbnb confirms stake in India's OYO, sources say it invested $150M-$200M | work=Techcrunch |access-date=26 March 2020}}</ref> In March 2019, OYO announced a {{INR}}1,400 crore investment in its India and South Asia businesses.<ref>{{Cite news | url=https://www.thehindu.com/business/oyo-plans-1400-cr-expansion/article26514953.ece | title=OYO plans ₹1,400-cr. expansion | work=The Hindu |date=12 March 2019 |access-date=26 March 2020}}</ref> In April 2019, OYO announced a strategic global distribution partnership with Hotelbeds.<ref>{{Cite news|date=15 April 2019|title=Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnership|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/hotelbeds-oyo-hotels-homes-announce-strategic-distribution-partnership/articleshow/68888428.cms|access-date=26 March 2020}}</ref> The company also announced two joint-ventures with SoftBank and Yahoo! Japan in 2019.<ref name="auto2">{{Cite web|date=23 February 2019|title=OYO enters Japan via JV with Yahoo Japan, to bring housing rental product|url=https://www.financialexpress.com/industry/oyo-enters-japan-via-jv-with-yahoo-japan-to-bring-housing-rental-product/1495942/|access-date=7 October 2021|website=The Financial Express|language=en-US}}</ref> In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, a European vacation rental company, for $415 million.<ref name="ET2019">{{Cite news |first=Anumeha |last=Chaturvedi |date=2 May 2019 |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oyo-to-acquire-amsterdam-based-vacation-rental-company-leisure-group/articleshow/69129470.cms |title=OYO plans ₹1,400-cr. expansion | work=The Economic Times |access-date=26 March 2020}}</ref> In July 2019, OYO announced the acquisition of Innov8, a co-working space in New Delhi.<ref>{{Cite news | url=https://techcrunch.com/2019/07/16/oyo-workspaces-innov8/ | title=India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition |work=Tech Crunch |date=16 July 2019 |access-date=26 March 2020}}</ref> The same year OYO bought a Danish vacation home rental company, DanCenter.<ref>{{cite news |last1=Bruun Hansen |first1=Laura |title=Sommerhus-kunder føler sig ladt i stikken af Dancenter: 'Det er umuligt at få fat på dem' |url=https://www.dr.dk/nyheder/penge/kontant/sommerhus-kunder-foeler-sig-ladt-i-stikken-af-dancenter-det-er-umuligt-faa-fat |access-date=31 August 2025 |work=DR |date=8 May 2025 |language=da-DK}}</ref>
In August 2019, OYO made its first major investment in the United States by purchasing the Hooters Casino Hotel, near the Las Vegas Strip, in partnership with US-based real estate company Highgate, for $135 million.<ref>{{Cite web| url=https://www.livemint.com/companies/news/softbank-backed-oyo-known-for-budget-stays-to-rebrand-hooters-hotel-in-vegas-1566561488306.html | title=Oyo buys Las Vegas Hooters Hotel in its first US purchase| work=mint|date=23 August 2019 | access-date=29 August 2019| last1=Chaudhary| first1=Deepti}}</ref><ref>{{Cite news|url=https://www.wsj.com/articles/indias-oyo-rolls-dice-with-purchase-of-las-vegas-hooters-hotel-11566552601|title=India's Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel|last=Morris|first=Keiko|newspaper=Wall Street Journal|date=23 August 2019|language=en-US|access-date=29 August 2019}}</ref> In September 2019, Oyo announced the acquisition of the Copenhagen-based data science firm Danamica for $10 million.<ref>{{cite news |last1=Singh |first1=Manish |date=2 September 2019 |title=India's Oyo acquires Copenhagen-based data science firm Danamica for $10M |url=https://techcrunch.com/2019/09/02/india-oyo-danamica/ |work=TechCrunch |access-date=21 May 2024}}</ref>
In June 2021, OYO Rooms collaborated with Yatra, Airbnb, and EaseMyTrip to form the Confederation of Hospitality, Technology and Tourism Industry (CHATT), an industry body for the tourism sector of India.<ref>{{Cite news|last=Alawadhi|first=Neha|date=9 June 2021|title=CHATT: New association announced, will help tourism, hospitality with tech|work=Business Standard India|url=https://www.business-standard.com/article/economy-policy/new-association-announced-will-help-tourism-and-hospitality-with-tech-121060900576_1.html|access-date=7 October 2021}}</ref>
In October 2021, OYO appointed Paralympian Deepa Malik as an independent director on the company's board of directors.<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/tech-bytes/oyo-appoints-indian-woman-paralympics-medallist-deepa-malik-as-independent-director/articleshow/86989329.cms|title = Oyo appoints Indian woman Paralympics medallist Deepa Malik as independent director|newspaper = The Economic Times|last1 = Chaturvedi|first1 = Anumeha}}</ref> In December 2021, OYO onboarded former State Bank of India (SBI) Chairman Rajnish Kumar as its strategic group advisor.<ref>{{Cite news|url=https://economictimes.indiatimes.com/tech/startups/oyo-ropes-in-former-sbi-chairman-rajnish-kumar-as-strategic-group-advisor/articleshow/88047204.cms|title = Oyo ropes in former SBI chairman Rajnish Kumar as strategic group advisor|newspaper = The Economic Times|last1 = Chaturvedi|first1 = Anumeha}}</ref>
In May 2022, OYO announced the acquisition of Europe-based company Direct Booker, valuing the latter at around {{USD}}5.5 million.<ref>{{Cite news |last=Press Trust of India |date=10 May 2022 |title=OYO completes acquisition of Europe-based company Direct Booker |work=Business Standard India |url=https://www.business-standard.com/article/companies/oyo-completes-acquisition-of-europe-based-company-direct-booker-122050900181_1.html |access-date=11 May 2022}}</ref>
In September 2024, OYO agreed to buy American budget motel chain Motel 6 and its extended-stay brand Studio 6 in an all-cash deal worth $525 million from Blackstone Inc.<ref>{{Cite news |last=Koblin |first=John |date=20 September 2024 |title=Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S. |url=https://www.nytimes.com/2024/09/20/business/motel-6-oyo-blackstone.html |work=The New York Times |access-date=21 September 2024}}</ref>
==Operations== In 2019, OYO had over 17,000 employees globally,<ref>{{Cite news |url=https://www.thehindubusinessline.com/companies/oyo-to-add-over-3000-employees-in-india/article29213780.ece |title=OYO to add over 3,000 employees in India |access-date=11 April 2021 |work=Business Line |date=21 August 2019}}</ref><ref>{{Cite news |url=https://kr-asia.com/oyo-plans-mass-recruitment-in-india-to-boast-of-12k-staff-by-year-end |title=OYO plans mass recruitment in India to boast of 12k staff by year-end |access-date=11 April 2021 |work=KrASIA |date=22 August 2019}}</ref> of which approximately 8,000 were in India and South Asia. The company invests in capex,<ref>{{Cite news | url=https://www.businesstoday.in/current/corporate/oyo-rooms-hospitality-startup-collection-o-hotels-india-south-asia-oyo-announces-rs-1400-crore-investments-launches-new-property-collection-o-targeting-millennials/story/326986.html | title=OYO announces Rs 1,400 crore investments, launches new property 'Collection O' targeting millennials |access-date=11 April 2021 |work=Business Today |date=26 June 2019}}</ref> hires general managers to oversee operations and customer experience.<ref>{{Cite news |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/have-created-over-1-lakh-direct-and-indirect-jobs-in-india-oyo/articleshow/68812105.cms |title=Have created over 1 lakh direct and indirect jobs in India: OYO |work=The Economic Times |date=10 April 2019}}</ref> OYO set up 26 training institutes for hospitality enthusiasts across India in 2019.<ref>{{Cite news |url=https://timesofindia.indiatimes.com/companies/OYO-opens-Gurgaon-campus-with-plans-to-launch-a-skill-training-centre/articleshow/54020092.cms |title=OYO opens Gurgaon campus, plans to launch a skill training center |access-date=11 April 2021 |work=The Times of India |date=6 September 2019}}</ref>
==Funding== The company's current and former investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.
In September 2018, OYO raised $1 billion, of which the RoC filing for the amount of $100 million raised from Star Virtue Investment Ltd. was made on 13 February 2019.<ref>{{Cite news | url=https://www.moneycontrol.com/news/business/chinas-didi-chuxing-invests-100-million-in-oyo-3537511.html | title=China's Didi Chuxing invests $100 million in Oyo | work=Moneycontrol.com | date=14 February 2019 |access-date=26 March 2020}}</ref><ref>{{Cite web|title=India's Oyo seeks over $1 billion in IPO, eyes $12 billion valuation|url=https://techcrunch.com/2021/09/22/indias-oyo-to-file-for-1-billion-ipo/|access-date=19 January 2022|website=TechCrunch|date=23 September 2021 |language=en-US}}</ref>
In February 2019, OYO received $100 million funding from the Chinese vehicle-for-hire company, Didi Chuxing.<ref>{{Cite news|last1=Gooptu|first1=Biswarup|last2=Sharma|first2=Samidha|title=Oyo gets $100 million from China's ride-hailing giant Didi Chuxing|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oyo-gets-100-million-from-chinas-ride-hailing-giant-didi-chuxing/articleshow/67985663.cms?from=mdr|access-date=27 October 2020}}</ref> In July 2019, Ritesh Agarwal, through RA Hospitality Holdings in Cayman Islands,<ref>{{cite news |title=Oyo: Ritesh Agarwal's Cayman based firm to bring funds to Oyo |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/new-cayman-base-to-bring-funds-to-oyo/articleshow/70253747.cms |access-date=25 April 2022 |work=The Economic Times |date=17 July 2019}}</ref><ref>{{Cite news |last=Priyadarshan |first=Chetan | date=18 July 2019 |url=https://www.ibtimes.co.in/ritesh-agarwal-sets-ra-hospitality-cayman-islands-drive-oyo-funding-801845| title=Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding | work=International Business Times |access-date=25 April 2022}}</ref> signed a $2 billion deal to buy back shares from existing investors, Lightspeed Venture Partners and Sequoia India, to increase his stake in the company to 30%.<ref>{{Cite news |last=Peerzada |first=Abrar |date=19 July 2019 |url=https://www.business-standard.com/article/companies/ritesh-agarwal-to-deploy-2-billion-in-his-hotel-startup-oyo-to-boost-stake-119071901295_1.html |title=Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake |work=Business Standard |access-date=26 March 2020}}</ref> The company was valued at $10 billion with this deal.<ref>{{cite news |last1=Clark |first1=Kate |title=India's Oyo valued at $10B after founder purchases $2B in shares |url=https://techcrunch.com/2019/07/19/indias-oyo-valued-at-10b-after-founder-purchases-2b-in-shares/ |access-date=25 April 2022 |work=TechCrunch |date=19 July 2019}}</ref><ref>{{cite news |last1=Russell |first1=John |title=India's budget hotel startup OYO raises $1B for international growth |url=https://techcrunch.com/2018/09/25/oyo-raises-1-billion/ |access-date=25 April 2022 |work=TechCrunch |date=25 September 2018}}</ref> In October 2019, OYO raised Series F funding of $1.5 billion led by SoftBank Group, Lightspeed Venture Partners and Sequoia India.<ref>{{cite news |last1=Singh |first1=Manish |title=Ritesh Agarwal to invest $700M in Oyo's new $1.5B financing round |url=https://techcrunch.com/2019/10/07/india-oyo-ritesh-agarwal-investment/ |access-date=25 April 2022 |work=TechCrunch |date=7 October 2019}}</ref>
In July 2021, OYO closed a debt financing round of $660 million from global institutional investors to service existing loans.<ref>{{Cite news|last=Mishra|first=Digbijay|title=Eye on revival, Oyo secures $660 million debt|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/eye-on-revival-oyo-secures-660-million-debt/articleshow/84459901.cms|access-date=17 July 2021}}</ref> In July 2021, Microsoft expressed interest to invest in OYO before its IPO<ref>{{Cite news|url=https://www.businesstoday.in/latest/corporate/story/microsoft-looks-to-invest-in-oyo-before-potential-ipo-302811-2021-07-30|title=Microsoft looks to invest in Oyo before potential IPO|date=30 July 2021|newspaper=Business Today|access-date=27 January 2022}}</ref> and a multi-year strategic deal was signed in September 2021.<ref>{{Cite web|title=Microsoft makes strategic investment in Oyo|url=https://techcrunch.com/2021/09/09/microsoft-confirms-investment-in-indias-oyo-in-a-multi-year-strategic-deal-to-co-develop-travel-and-hospitality-products/|access-date=7 October 2021|website=TechCrunch|date=9 September 2021 |language=en-US}}</ref> In October 2021, Oyo filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise {{USD}}1.2 billion through an initial public offering.<ref>{{cite news |title=Oyo joins startup IPO rush to raise $1.2 billion, seeks Sebi nod |url=https://economictimes.indiatimes.com/tech/startups/hospitality-startup-oyo-files-for-1-2-billion-ipo/articleshow/86673327.cms |access-date=25 April 2022 |work=The Economic Times |date=1 October 2021}}</ref>
In January 2022, more than 500 current and former employees of OYO, purchased around 3 crore shares in the company. The total value of these shares can be approximated to about {{INRconvert|330|c}}, as per the last valuation of OYO of $9.6 billion.<ref>{{cite news |last1=PTI |title=Over 500 employees, ex-staff of IPO-bound OYO buy around 3 crore shares - Times of India |url=https://timesofindia.indiatimes.com/business/india-business/over-500-employees-ex-staff-of-ipo-bound-oyo-buy-around-3-crore-shares/articleshow/88665923.cms |access-date=25 April 2022 |work=The Times of India |date=3 January 2022 |language=en}}</ref>
In June 2024, Oyo held another round of funding, raising between $100 and $125 million. The company was valued at $2.5 billion, down over 70% from the previous valuation in 2019.<ref>{{cite web |last1=Singh |first1=Manish |title=India's Oyo, once valued at $10B, finalizes new funding at $2.5B valuation |url=https://techcrunch.com/2024/06/16/indias-oyo-once-valued-at-10b-finalizes-new-funding-at-2-5b-valuation/ |website=TechCrunch |access-date=17 June 2024 |date=17 June 2024}}</ref>
==Financials== {| class="wikitable" !Year !Revenue (In crores) !Profits/Loss (In crores) !Source |- |FY 2019 |{{Increase}} 6,329 |{{Decrease}} {{color|red|−2,364}} | rowspan="3" |<ref>{{Cite web |title=Oyo Restated Financial |url=https://www.icicisecurities.com/Upload/ArticleAttachments/Oravel%20Stays%20Limited%20DRHP.pdf |website=www.icicisecurities.com |date=30 September 2021 |access-date=17 September 2023}}</ref> |- |FY 2020 |{{Increase}} 13,168 |{{Decrease}} {{color|red|−13,122}} |- |FY 2021 |{{Decrease}} 3,961 |{{positive decrease}} {{color|red|−3,943}} |- |FY 2022 |{{Increase}} 4,781 | {{positive decrease}} {{color|red|−1,940}} |<ref>{{Cite web |last=Manchanda |first=Harsh Upadhyay & Kunal |date=20 September 2022 |title=Decoding Oyo's financial health in FY22 |url=https://entrackr.com/2022/09/decoding-oyos-financial-health-in-fy22/ |access-date=5 October 2022 |website=Entrackr |language=en-US}}</ref> |- |FY 2023 |{{Increase}} 5,464 | {{positive decrease}} {{color|red|−1,287}} |<ref>{{Cite web |last=NA |first=INC42 |date=15 July 2024 |title=How OYO Turned Around Its Fortunes In 2024 |url=https://startupnews.fyi/2024/07/15/how-oyo-turned-around-its-fortunes-in-2024/ |access-date=3 August 2024 |website=Startupnews |language=en-US}}</ref> |- |FY 2024 |{{Decrease}} 5,388 |{{Increase}} 229 |<ref>{{Cite news |title=OYO reports first-ever net profit of Rs 229 crore in FY24 |url=https://www.deccanherald.com/business/companies/oyo-reports-first-ever-net-profit-of-rs-229-crore-in-fy24-3149815 |work=Deccan Herald |agency=PTI |date=14 August 2024 |access-date=13 September 2024}}</ref> |}
==Services== Oyo Rooms operates the following brands for its properties and services:
* OYO Townhouse – midscale hospitality<ref>{{cite news|last1=Chaturvedi|first1=Anumeha|date=24 January 2017|title=Budget hotel chain OYO launches OYO Townhouse|work=The Economic Times|url=https://economictimes.indiatimes.com/small-biz/startups/oyo-launches-oyo-townhouse/articleshow/56756602.cms|access-date=11 April 2021}}</ref> * OYO Home – home management system that offers private homes in different locations and are fully managed by OYO<ref>{{Cite news | url=https://qz.com/1077354/oyo-rooms-wants-to-build-an-airbnb-for-india-that-does-more-than-what-airbnb-does/ | title=In trying to be the Indian Airbnb, OYO may be turning too cumbersome | last=Bhattacharya | first=Ananya | work=Quartz Media | date=21 September 2017 | archive-date=27 November 2022 | access-date=4 May 2018 | archive-url=https://web.archive.org/web/20221127025950/https://qz.com/1077354/oyo-rooms-wants-to-build-an-airbnb-for-india-that-does-more-than-what-airbnb-does | url-status=dead }}</ref><ref>{{Cite news | url=https://www.oyorooms.com/officialoyoblog/2017/09/15/oyo-home-unlocking-and-managing-homes-to-create-high-quality-spaces-for-our-guests-2 | title=Unlocking Homes for Great Holiday Experiences | work=OYO Rooms | date=15 September 2017 }}{{Dead link|date=October 2025 |bot=InternetArchiveBot }}</ref> * OYO Vacation Homes – vacation home brand with vacation rental management brands Belvilla,<ref>{{Cite news |first=Ingrid |last=Lunden |date=1 May 2019 |url=https://techcrunch.com/2019/05/01/airbnb-backed-oyo-moves-into-europe-acquires-leisure-from-axel-springer-for-415m/ | title=Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M |work=TechCrunch |access-date=11 April 2021}}</ref> Danland,<ref name=ET2019/> and DanCenter,<ref>{{Cite news |last=Singh |first=Manish |date=14 August 2019 |url=https://techcrunch.com/2019/08/14/oyo-vacation-rental-europe/ |title=Oyo to invest $335M in vacation rental business in Europe push |work=TechCrunch |access-date=11 April 2021}}</ref> along with Germany-based Traum-Ferienwohnungen * SilverKey – hotel brand focused on corporate travellers<ref>{{cite news |last1=Gooptu |first1=Biswarup |title=OYO Rooms: OYO to scale up its SilverKey hotels portfolio to 19 cities across India |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oyo-to-scale-up-its-silverkey-hotels-portfolio-to-19-cities-across-india/articleshow/68698845.cms |access-date=11 April 2021 |work=The Economic Times |date=3 April 2019}}</ref><ref>{{cite news |last1=Modi |first1=Ajay |title=OYO plans big focus on serviced apartments for corporate clients |url=https://www.business-standard.com/article/companies/oyo-plans-big-focus-on-serviced-apartments-for-corporate-clients-118041800353_1.html |access-date=11 April 2021 |work=Business Standard |date=18 April 2018}}</ref> * Capital O – hotel booking for business travellers<ref>{{Cite news |url=https://www.arabianbusiness.com/travel-hospitality/423960-indias-oyo-launches-capital-o-hotels-in-the-uae |title=India's Oyo launches Capital O hotels in the UAE |access-date=11 April 2021 |work=Arabian Business | date=16 July 2019}}</ref> * Palette – upscale leisure resorts<ref>{{Cite news |url=https://timesofindia.indiatimes.com/business/india-business/oyo-forays-into-leisure-segment-with-palette-resorts/articleshow/65607782.cms |title=Oyo forays into leisure segment with Palette Resorts |access-date=26 April 2022 |work=The Times of India |date=30 August 2018}}</ref><ref>{{cite news |last1=Chaturvedi |first1=Anumeha |title=OYO forays into upper-end leisure resorts category; launches Palette Resorts |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oyo-forays-into-upper-end-leisure-resorts-category-launches-palette-resorts/articleshow/65607265.cms |access-date=25 April 2022 |work=The Economic Times |date=30 August 2018}}</ref> * Collection O – booking and renting services to business travellers<ref>{{Cite news |url=https://www.deccanchronicle.com/nation/current-affairs/130319/oyo-woos-biz-travellers-with-collection-o-ups-investment.html | title=OYO woos biz travellers with Collection O; ups investment |access-date=25 April 2022 |work=Deccan Chronicle |date=13 March 2019}}</ref><ref>{{Cite news |url=https://www.aninews.in/news/business/oyos-collection-o-hotels-reaches-milestone-175-buildings-in-3-months20190713124833/ |title=OYO's Collection O Hotels reaches milestone 175 buildings in 3 months |access-date=25 April 2022 |work=Asian News International |date=13 July 2019}}</ref> * OYO LIFE – long-term rentals<ref>{{Cite news |url=https://www.thenewsminute.com/article/why-oyo-life-betting-big-co-living-market-india-101514 |title=Why OYO Life is betting big on the co-living market in India |access-date=25 April 2022 |work=The News Minute |date=9 May 2019}}</ref><ref>{{cite news |last1=Khan |first1=Sobia |title=Oyo Hotels: Oyo looks to enter student housing and co-working, to expand co-living segments |url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oyo-looks-to-enter-student-housing-and-co-working-to-expand-co-living-segments/articleshow/69172676.cms |access-date=25 April 2022 |work=The Economic Times |date=6 May 2019}}</ref>
=== DanCenter === DanCenter is a vacation rental marketplace listing more than 10,000 properties in Scandinavia and northern Germany. It is also the operator of 28 holiday resorts in Denmark under the Danland brand. DanCenter has approximately 260 full-time employees of which 65 are based in the headquarters at Lyngbyvej in Copenhagen.
The company was founded by Danmarks Turistråd (now VisitDenmark) as Dansk Centralkontor for Sommerhusudlejning in 1957. Its first CEO was Kurt Holmsted who later became its owner through the company Land & Leisure A/S. Land & Leisure A/S was sold to the Dutch company @Leisure in 2016.<ref>{{cite web |title=60 år med DanCenter |url=https://standby.dk/60-aar-dancenter/ |accessdate=17 September 2017 |publisher=standby.dk |language=Danish}}</ref>
==See also== * {{portal-inline|Hotels}}
==References== {{Reflist}}
==External links== *{{URL|https://www.oyorooms.com|Official site}}
{{commons category}}
{{SoftBank}} {{Hotel chains}}
Category:Hotel affiliation groups Category:Hotel chains in India Category:Indian companies established in 2013 Category:Hotels established in 2013 Category:Companies based in Gurgaon Category:SoftBank portfolio companies Category:Indian brands Category:Hotels in India Category:Hospitality companies of Asia Category:2013 establishments in Haryana Category:Multinational companies headquartered in India