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Launched in 2013, OYO is India’s largest branded network of hotels. Its network currently spans over 200 Indian cities including all major metros, regional commercial hubs, leisure destinations, and key pilgrimage towns. The company’s vision is to become the most preferred and trusted hotel brand in the world.
OYO was founded by Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel). He was featured in Forbes 30 under 30 in Consumer Tech (2016) for creating a global disruptor. OYO has received several accolades including Express IT Startup of the Year Award (2015), NDTV Dream Chaser of the Year (2016) and IAMAI Digital Startup of the Year (2016). It was recognized by Business Today as among the Coolest Start-Ups in India (2016) and ranked by LinkedIn as one of the top employee attractors in India (2016). OYO is backed by leading global investors, including the SoftBank Group, Lightspeed India, Sequoia Capital and Greenoaks Capital.
OYO revolutionalized the fragmented and legacy-driven budget hospitality space in India by enabling standardization of services, amenities and in-room experience. Through use of its proprietary apps for inventory management, room-service, revenue-management and Customer-relationship management, OYO has delivered predictable, affordable and available budget-room accommodation to millions of travellers in India. A booking with OYO comes with the promise of hassle-free stays. Guests can use the OYO app (> 7 MILLION downloads) to search and book rooms, request room service (food and beverages), book a cab and also search nearby restaurants. Hotel-owners partnering with OYO see a significant increase in occupancy levels, get access to the world’s first tablet-based property management apps and become part of a brand recognized and loved by travelers nationwide.
In January 2017, OYO launched Townhouse - a managed hotel brand designed to function as a social hotspot to cater to city dwellers and a new generation of guests.
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