Total raised
—
Rounds
0
Size
5001-10000
About
Hospitality chain operated by Oravel Stays that franchises and leases budget hotels and homes, standardising rooms under its own brands. Operates across India and several international markets.
Ritesh Agarwal started Oravel Stays as a bed-and-breakfast listings site and pivoted in 2013 to OYO Rooms, taking over rooms in small budget hotels and standardising them — clean linen, wifi, a consistent booking experience — under a single brand. Heavy SoftBank backing funded rapid expansion into China, Europe and the United States, followed by a sharp retrenchment through the pandemic as travel collapsed. The group has since refocused on franchising, premium brands and its European holiday-rentals business.
Founded 1 Jan 2013
Source: en.wikipedia.org