OYO is fastest-growing budget hospitality chain of leased and franchised hotels founded by young entrepreneur Ritesh Agarwal in 2013. It has the largest presence overseas than any other Indian startup. The key investors in Oyo are Softbank, MyPrefered Transformation, Sequoia Capital India & Lightspeed Venture Partners.

Latest News

Oyo News

Oyo slashes salaries of executive team, Ritesh Agarwal takes 100% pay cut

Indian travel and hospitality sectors have taken a hard knock due to the COVID-19 pandemic and many Indian startups in the segment are slashing salaries …

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Oyo News

Covid-19: Oyo informs its vendors and partners about possible payment disruption

Online hospitality firm Oyo has sent a letter to its vendors and partners stating that with the ongoing Covid-19 pandemic and the nationwide lockdown to …

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Oyo Exclusive

Exclusive: Oyo raises $807 Mn from SoftBank and RA Holdings

Online hospitality firm Oyo has raised $807 million as part of its $1.5 billion fundraise from SoftBank and RA Hospitality which was announced in October. …

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Company Details

Company Name: OYO
Founder/s: Ritesh Aggarwal
Industry: Hospitality
Investment Raised: $ 3.2 Billion
Headquarter: Gurugram
Year of Incorporation: 2013
Key Investors: Ritesh Agarwal, Softbank,
MyPrefered Transformation,
Sequoia Capital India,
Lightspeed Venture Partners
Reference Website: https://www.oyorooms.com/

Company Financials

Snippets

OYO

OYO launches its online travel agent portal- SuperAgent

With an intent to enhance customers booking experience in India, OYO has launched an online agent portal ‘SuperAgent’. It will provide pre-registered and verified offline …

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OYO to offer Divezy bike and car rental service in its properties

OYO and Drivezy-a car and bike rental startup have entered into a commercial partnership Drivezy’s branded two and four-wheelers will be placed at OYO properties …

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OYO continues its expansion in Latin America, now enters Mexico

Budget hotel chain OYO has now entered Mexico as part of its expansion plans. With an intent to strengthen OYO’s presence in the Latin American …

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Softbank-OYO to invest in student housing in Punjab

Japan’s Softbank Group is planning to invest in student housing in Punjab through its portfolio company OYO. The state’s Chief Minister Amarinder Singh has extended …

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OYO appoints new CEO for South East Asia and Middle East

Soon after elevating Gaurav Ajmera as COO for India and South Asia, Softbank-backed hospitality firm OYO has appointed Mandar Vaidya as the new CEO for …

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OYO

OYO elevates Gaurav Ajmera as COO of India and South Asia

Budget hotel chain and hospitality firm OYO has elevated Gaurav Ajmera as Chief Operating Officer (COO) of India and South Asia. Ajmera will serve as …

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Below is the bank details:

 
Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
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