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
- 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