A global travel platform that powers all participants
in the hospitality industry
Country: India
Founded: 2012
Team: Ritesh Agarwal
About Company
OYO is an international hotel and vacation home online booking platform catering to tourists originally seeking budget to mid-standard accommodation but currently it is expanding to the premium segment. It uses an asset-light franchising model and sources rooms from entrepreneurs and small businesses with hotels and homes by providing them with full stack technology that increases earnings and eases operations.
Key Investors
Key Highlights
- IPO: Company is expecting SEBI’s approval on its prospectus. The IPO is expected to take place in late 2025 - 2.6x expected upside in 2025 from current $3 bn OTC due to the Company’s strong business model and continuing strong recovery after pandemic years - $116 m EBITDA in FY2024 (ends 31 March 2024, up $83 m from FY2023) expected - 40% hotels growth to 18 100 on the platform (expected) by end Q1 2024 - The team focused on partnership development and new patron onboarding as the platform as a product is successful - Competitive advantages of OYO business model include: full cycle of services on the platform: hotel onboarding, demand development, owners do renovation at their own expense; revenue management, prelisted operations management; competitive pricing using pricing algorithms - $3.3 bn total funding from top-class investors: Sequoia Capital, Lightspeed Ventures, Softbank Vision, DSG Consumer Partners, and others according to Crunchbase and Dealroom - Experienced team, background in hospitality and consulting. Over 10 000 employees (2022)
About Company
OYO is an international hotel and vacation home online booking platform catering to tourists originally seeking budget to mid-standard accommodation but currently it is expanding to the premium segment. It uses an asset-light franchising model and sources rooms from entrepreneurs and small businesses with hotels and homes by providing them with full stack technology that increases earnings and eases operations.
Key Investors
Key Highlights
- IPO: Company is expecting SEBI’s approval on its prospectus. The IPO is expected to take place in late 2025 - 2.6x expected upside in 2025 from current $3 bn OTC due to the Company’s strong business model and continuing strong recovery after pandemic years - $116 m EBITDA in FY2024 (ends 31 March 2024, up $83 m from FY2023) expected - 40% hotels growth to 18 100 on the platform (expected) by end Q1 2024 - The team focused on partnership development and new patron onboarding as the platform as a product is successful - Competitive advantages of OYO business model include: full cycle of services on the platform: hotel onboarding, demand development, owners do renovation at their own expense; revenue management, prelisted operations management; competitive pricing using pricing algorithms - $3.3 bn total funding from top-class investors: Sequoia Capital, Lightspeed Ventures, Softbank Vision, DSG Consumer Partners, and others according to Crunchbase and Dealroom - Experienced team, background in hospitality and consulting. Over 10 000 employees (2022)