OYO Rooms, commonly known as OYO, is India's largest branded network of hotels and operated in the budget segment of the hospitality industry. It is a technology driven chain of standardized budget hotels in 200+ Indian cities and over 7000 hotels. It ushered disruption in the Indian hospitality industry by through technology and standardization in the budget hotel segment, unlocking a huge market opportunity.
OYO was founded in 2013 by Ritesh Agarwal in Gurugram, Haryana, India.
OYO started with one city and one hotel in Gurugram in January 2013. The company, as of September 2017 has around 70,000 Rooms in 8,500 hotels across 230 towns of India.
OYO has a Total Funding Amount $450M in 8 Rounds. Their Last funding was on Sep 12, 2017, $10M from China Lodging Group.