Overview of OYO Rooms Shares:
Oyo Rooms (also known as OYO), also known as Oyo Homes & Hotels, is an Indian hotel chain. It is the third largest and fastest hotel in the world with hotels, resorts, rentals and franchises. OYO was founded in 2013 by Litesh Agarwal and initially consisted of a budget hotel. In six years, the startup has had thousands of hotels, villas and millions of rooms in hundreds of cities in India, Malaysia, United Arab Emirates, Nepal, China, Brazil, Mexico, United Kingdom, Philippines, Japan and Saudi Arabia. , Sri Lanka, Indonesia, Vietnam, USA, etc. Investors in the company include SoftBank Group, Greenox Capital, Sequoia Capital, Lightspeed India, Hero Enterprise, Airbnb and China Lodge Group.
In 2012, Rich Agarwal launched Oravel Stays to offer affordable lodging and reservations. I became Oravel Oyo in 2013 after months of research and lodging at numerous B& Bs, inns and hostels across India.
OYO Hotels & Homes is currently recognized as a full-service hotel rental resource and franchise. The company says it has invested in capital and GM to oversee its clients & businesses and experiences, creating nearly a million jobs in India and South Asia alone. OYO has also created 26 hospitality education facilities across India. According to a recent funding round, the company is currently worth $10 billion.
September 2018 – Star Virtue Investment Ltd, a $100 million ROC program. Raised $1 billion. February 13, 2019 – SoftBank Group finances league-led Series F for $1.5 billion
Founder & CEO, Ritesh Agarwal, through RA Hospitality Holdings (Cayman) in 2019 signed a $2 billion primary and secondary management investment round, supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals. Lightspeed Venture Partners, and Sequoia India, OYO’s early supporters, are selling part of their holdings in order to help the founder increase his stake and thereby commitment while remaining invested significantly in the company’s long-term mission. In 2019, OYO reported 3.5x growth in revenue in FY 2017–18 at Rs 416cr for India operations and a marginal loss of 360 cr. In 2018, OYO reported a loss of 330.97 cr which was better than the previous year.
In 2018, the hospitality chain company announced the appointment of Aditya Ghosh, the former president of India’s largest airlines, IndiGo, as the chief executive officer of its South Asia business. Ghosh would be in charge of India and Nepal. In November 2018, OYO appointed Max Healthcare executive Director, and Rohit Kapoor as the CEO of its new real estate businesses. In 2018, OYO hired Prasidha Menon as Global Head of Communications. In 2016, OYO announced the hire of Amazon India’s Anil Goel as Chief Technical and Product Officer.
In March 2018, OYO acquired Chennai-based service apartment operator Novascotia Boutique Homes marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay.
In 2019, OYO and Airbnb announced a strategic partnership with Airbnb investing in OYO and the company will list their properties on Airbnb platform. OYO in March 2019, announced a 1400 cr investment in its India and South Asia businesses over 2019 as a part of its efforts to increase infrastructure, strengthen technology and internal capability.
In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, Europe’s largest vacation rental company.
In August 2019, Oyo made its first major investment in the United States by purchasing the Hooters Casino Hotel, near the Las Vegas Strip, in partnership with US-based real estate company Highgate, for $135 million.
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Financials of OYO Rooms Shares:
(Fig. in Crores)
|COMPANY NAME||OYO ROOMS|
|NATURE OF BUSINESS||INDIA’S LARGEST HOSPITALITY COMPANY|
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