Oyo reported a net profit of $12 million in the financial year ending March, according to founder and CEO Ritesh Agarwal.
Revenue Amount
$12,000,000
Organizations Involved
SoftBank, Peak XV Ventures, Lightspeed, Airbnb, Microsoft
Founders
Ritesh Agarwal
Company Description
Oyo is an Indian budget-hotel chain startup that operates a platform to help hoteliers accept digital bookings and payments. The company has faced challenges in maintaining its valuation and has been focusing on profitability and attracting high-net-worth individuals for funding.
Market
Travel and Accommodation
Location
Gurgaon,
Haryana,
India
Coinvestors
SoftBank, Peak XV Ventures, Lightspeed, Airbnb, Microsoft