OYO Rooms Journey

OYO's Rooms Founder and History

OYO Rooms which is also known as On Your Own is a one of the largest hotel networking which provide online hotel booking services to customers.

It founded by Ritesh Agarwal in 2013 at Gurgaon, Haryana, India.

It provide a platform for hotels as well as customers who need rooms in hotels.

OYO work as a intermediate platforms for hotels as well as for hotels. The owners of hotels and restaurants list their hotels and restaurants to OYO platform.

Customers who need a room can directly search for available hotels and restaurants on OYO and also can directly book them by using this platform.

The foundation of OYO was a struggle story of Ritesh Agarwal.

Ritesh Agarwal is a name of Indian entrepreneur who find out a problem in Indian Hotels that he never find a room at any hotel when required or if found, then the situation of such founded rooms was not as expected.

So that's why Ritesh Agarwal decided to start a platform which can overcome such problem and no one can now face such problems. It known as a one of the largest  Proptech - Hotel Booking in India.

OYO Rooms Unicorn Status

OYO make room booking more easier than before. According to the official website of OYO Rooms, I see that it have 1,74,000 hotels listed around 35+ countries.

OYO become of the largest Indian startup which become a unicorn of India with the highest entry valuation.

It means OYO become unicorn of India after 5 years later of its foundation in the month of September, 2018.

At the time when it achieve unicorn status its entry valuation reached up to 4.9 billions dollars.

Also due to its working model the profits of OYO Rooms is also increased year by year.

OYO Rooms Investors

 Lightspeed Ventures, Sequoia Capital, SoftBank are some names of the largest investors of OYO.

According to Venture Intelligence the last rounded investment valuation of OYO reached up to 9.6 billion dollars.