Oyo (Series)
Funding Details
Awarder
RSS - techcrunch.com
Date Award
June 16, 2024
Vertical
Hospitality
Funding URL
View Funding Page
Premoney Valuation
$10,000,000
Valuation
$2,500,000
Funding Amount
$100,000,000
Company Info
Founding Year
2013
Traction
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
Market
Travel and Accommodation
Location
Gurgaon, Haryana, India
Coinvestors
SoftBank, Peak XV Ventures, Lightspeed, Airbnb, Microsoft
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.

Links
Website
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