|Privately held company|
|Headquarters||Gurgaon, Haryana, India|
|Asia and Europe|
|Aditya Ghosh, CEO|
The company also operates OYO Home, an Airbnb-like marketplace for short-term managed rentals.
In 2012, then 18-year-old Ritesh Agarwal, from Odisha's Rayagada district, launched Oravel Stays, a website for listing and booking budget lodging. After three months of research and staying in over 100 bed and breakfast homes, guest houses, and small hotels, he pivoted Oravel to OYO in 2013.
In January 2016, the company launched operations in Malaysia.
In April 2017, the company launched operations in Nepal.
In late 2017, OYO launched OYO Home, an Airbnb-like marketplace for short-term managed rentals. OYO Home has presence in more than 10 leisure destinations of India including Goa, Shimla, Pondicherry, Udaipur, Kerala etc. In April 2018, OYO launched its first international OYO Home in Dubai.
In March 2015, OYO raised Series A round of funding $24 million from Lightspeed Venture Partners, Sequoia Capital, Greenoaks Capital and DSG Consumer Partners. In August 2015, OYO raised another $100 million from SoftBank Group, an existing investor.
In August 2016, OYO raised $90 million from Softbank Group, Innoven Capital and existing investors.
In September 2017, OYO closed a $250 million series D round of funding led by Softbank Group, new investor Hero Enterprises led by Sunil Kant Munjal, Sequoia Capital, Greenoaks Capital and Lightspeed Venture Partners.
In September 2018, OYO raised $1 billion at a $5 billion valuation, including $800 million from SoftBank’s Vision Fund, Lightspeed, Sequoia Capital, and Greenoaks Capital and $100 million from DiDi.
Sharing of customer data with the governmentEdit
In 2019, OYO rooms plans to implement a digital register mechanism which will allow it to share customer data in real time with the government. OYO is more popular among unmarried couples than families, thus this move really imposes a threat to privacy.
Sexual harassment claimEdit
In September 2018, a sexual harassment claim was made by a US citizen that booked lodging via the company. She had allegedly claimed that she was provided unsafe lodging by OYO in Delhi where she was harassed. However, OYO maintained that a few incidents are insignificant compared to millions of check-ins and the company tries to remedy any problem.
Use of predatory pricingEdit
Sending of unsolicited emailsEdit
In 2018, the company sent mass unsolicited job offer emails targeting senior- and mid-level employees of competitors.
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