Short Bio
OYO Rooms is a hotel chain company that provides affordable and comfortable accommodations for travellers. When OYO was first established in 2012 by Ritesh Agarwal, it mostly featured cheap hotels. OYO is in 800 locations across 80 countries as of January 2020, it has more than 43,000 hotels and 1 million rooms.
Overview
Company Name: | OYO Rooms |
Also Know as: | N/A |
Type: | Private |
Industry: | Hospitality |
Founded: | 2012 |
Founders: | Ritesh Agrawal |
Headquarters: | Gurugram, Haryana, India |
Area Served: | Asia, Europe, America |
Revenue: | ₹4,157 crore |
Net Income: | ₹4,102 crore |
Number of Employees | 5,130 (2021) |
Website: | oyorooms.com |
History
OYO Rooms was founded by Ritesh Agrawal in 2012 when Ritesh was just 19 years old. The idea was started with Oravel Stays, a platform where travellers can find budget accommodation. In 2015, OYO received its first major funding from venture capital firms and angel investors, enabling the company to expand its operations.
OYO found the gap in hotel budget problems and filled it. It came with an innovative idea that shook the world and today OYO is one of the leading companies in the hospitality industry.
Services
OYO offers a range of services to cater to the needs of travellers. Here are some of the services provided by OYO.
- Accommodations
- OYO Townhouse
- OYO Vacation Homes
- OYO Long Stays
- OYO Capital O
- OYO Home
- OYO Wizard
- OYO app and website
Founder
Ritesh Agrawal was born on November 16, 1993. Hails from a small town in Odisha, Bissam Cuttack. Ritesh was only 19 when he came up with the idea of OYO Rooms. Ritesh Agrawal always has an entrepreneur inside him. He was 13 when he used to sell sim cards. Ritesh Agrawal is a graduate from St. John’s Senior Secondary School, Bundi Road, Kota, Rajasthan.