OYOROOMS.com is India’s largest branded network of hotels spread across 126 cities with 2500+ hotels offering standardized stay experiences at an unmatched price. It started from a single hotel in May 2013 and now offers 2500+ Hotels to their clients. The People behind this website have an inspiring journey from a smart idea to India’s largest branded network of hotels with the dream of becoming the world’s largest branded network of hotels. Oyo Rooms currently has an inventory of 12,000 plus available rooms and operates across 70 Indian cities, including major metros, regional hubs, top leisure destinations, and pilgrimage towns. Besides the Web, the Sequoia-funded company has amassed over 500K app downloads across Android and iOS platforms. Recently Oyo Rooms has raised $25 million from Lightspeed Ventures, Sequoia Capital, Greenoaks Capital and DSG Consumer Partners.The company will use funds to implement new customer experience initiatives, build technology products, and extend its domination in the budget hotel segment. While Oyo offers three-tap booking app and convenient payment channels for consumers, it empowers unbranded hoteliers to increase revenues by providing access to technology, operational best practices and a national ecosystem of vendors and sales channels.
“OYO Goal is to change the way people stay away from home”
Man Behind this site
Ritesh Agarwal is the founder and CEO at OYO Rooms. He was selected for the 20 under 20 Thiel Fellowship which makes him one of the very few Indians to have been shortlisted. He started working early in his life at the age of 13 and by 18 he was building OYO Rooms. Ritesh once remarked that “We are at the forefront of solving a problem of lack of predictability of experience across hotels in the country. Our vision is to provide a standardized experience — the OYO experience to anyone, anywhere looking for a place to stay when not at home. We are excited to have global investors like SoftBank partner with us in this vision. Their experience in building innovative companies globally will bolster our efforts to grow into one of the world’s most trusted hotel businesses.”
The Gurgaon-based company competes with Zostel which also keeps its own inventory. Stayzilla follows a pure-play aggregation approach. OYO Rooms promises to provide the same amenities and the same awesome experience across all its rooms. OYO offers rooms at prices that no other player in the budget segment offers today.OYO uses technology to link all its functions and provide the customer a seamless awesome experience.
“According to a research carried out by CB Insights for The New York Times, OYO Rooms is among the companies that may be the next start-up unicorns.”
OYO Rooms reaches out to prospective hotels to partner with them. A hotel owner can also reach out to OYO through their webpage. The OYO team then contacts the hotel and audits the hotel to understand the changes needed to standardize the property as per OYO standards, and shares other details of the partnership agreement. The site has been awarded with awards like India International Travel Mart Award and Lufthansa ET Now Runway to Success Award.
We hope that you will like this post and would give your feedback as it matters a lot to us.
Get more stuff like this
Subscribe to our mailing list and get interesting stuff and updates to your email inbox.