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§ Private Profile · Gurugram, Haryana, India
OYO operates as a technology-driven hospitality platform, empowering independent hotel and home owners globally. It offers a comprehensive technology suite to optimize revenue, enhance online presence, and streamline partner operations. This approach aims to improve guest experiences and establish consistent brand identity across its network of properties.
The company was founded in 2013 by Ritesh Agarwal, notably the first resident Asian accepted into the Thiel Fellowship. Agarwal conceived the business after extensive travels across India at 17, identifying a significant market void for standardized, affordable, and quality accommodations within the unbranded budget hotel segment.
OYO primarily serves property owners with technological solutions for efficient management, alongside catering to travelers seeking reliable and value-for-money lodging. It also assists corporate clients. Its vision is to become a leading global chain of hotels and homes, enhancing accessibility, ease, and affordability in the hospitality sector.
Oyo has raised $3.5B across 9 funding rounds.
Key people at Oyo.
Oyo was founded in 2013 by Ritesh Agarwal (Co-Founder).
Oyo has raised $3.5B in total across 9 funding rounds.
Oyo has raised $3.5B across 9 funding rounds. Most recently, it raised $173.5M Series G in August 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 21, 2023 | Univest | $1.5M Seed | Trinity Media Group | Envision Learning, McKinsey & Company, OYO, Raheja Group, Reliance Industries, Tata AIA Life Insurance Company |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 11, 2024 | $173.5M Series G | — | — | Announced |
| Mar 12, 2024 | $24.2M Debt Financing | — | — | Announced |
| Aug 19, 2021 | $5M Venture Round | Microsoft | — | Announced |
| Jul 19, 2019 | $2B Venture Round | — | — | Announced |
| Apr 2, 2019 | $200M Venture Round | Airbnb | — | Announced |
| Sep 25, 2018 | $1B Series E | — | — | Announced |
| Sep 12, 2017 | $10M Venture Round | — | — | Announced |
| Aug 3, 2015 | $100M Venture Round | — | — | Announced |
| Apr 6, 2015 | $25M Venture Round | — | — | Announced |
Key people at Oyo.
OYO operates as a technology-driven hospitality platform, empowering independent hotel and home owners globally. It offers a comprehensive technology suite to optimize revenue, enhance online presence, and streamline partner operations. This approach aims to improve guest experiences and establish consistent brand identity across its network of properties.
The company was founded in 2013 by Ritesh Agarwal, notably the first resident Asian accepted into the Thiel Fellowship. Agarwal conceived the business after extensive travels across India at 17, identifying a significant market void for standardized, affordable, and quality accommodations within the unbranded budget hotel segment.
OYO primarily serves property owners with technological solutions for efficient management, alongside catering to travelers seeking reliable and value-for-money lodging. It also assists corporate clients. Its vision is to become a leading global chain of hotels and homes, enhancing accessibility, ease, and affordability in the hospitality sector.
Oyo was founded in 2013 by Ritesh Agarwal (Co-Founder).
Oyo has raised $3.5B in total across 9 funding rounds.
Oyo's investors include Microsoft, Airbnb.
