OYO Unicorn
OYO (legally Oravel Stays, now operating under parent entity PRISM) is an Indian multinational hospitality technology company that brands, standardizes, and lists independent budget-to-midscale hotels, homes, and vacation rentals via a franchise/revenue-share model, and — since its December 2024 acquisition of G6 Hospitality — also operates the Motel 6 and Studio 6 chains in the US. Founded by Ritesh Agarwal…
OYO: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 12 Aug 2024 | Growth round (close) | $175 million total | source | |
| 16 Jun 2024 | Growth round | $100-125 million | source | |
| 14 Feb 2019 | Strategic investment (Series E extension) | $100 million | Didi Chuxing (via Star Virtue Investment) | source |
| 3 Aug 2015 | Series B | $100 million | SoftBank Greenoaks Capital Lightspeed Venture Partners Sequoia Capital India | source |
| 1 Feb 2015 | Series A | $25 million | Lightspeed Venture Partners DSG Consumer Partners Greenoaks Capital Sequoia Capital India | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 20 Sep 2024 | OYO | g6-hospitality-motel-6-studio-6-from-blackstone-real-estate | $525 million (all-cash) | source |
| 16 Jul 2019 | OYO | innov8-co-working-spaces | ~INR 220 Cr (~$30 million) | source |
| 1 May 2019 | OYO | leisure-group-amsterdam-belvilla-dancenter-danland-traum-ferienwohnungen | $415 million (all-cash) | source |
| 13 Aug 2018 | OYO | weddingz-in-wedding-venue-vendor-marketplace | Undisclosed | source |
Recent Signals
News on OYO
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Who founded OYO?
OYO was founded by Ritesh Agarwal in 2012.
How much funding has OYO raised?
OYO has raised $500 Mn across 5 tracked funding round(s), most recently on 2024-08-12. Figures are compiled from cited public sources.
Who are the investors in OYO?
Investors in OYO include Didi Chuxing (via Star Virtue Investment).
What does OYO do?
OYO (legally Oravel Stays, now operating under parent entity PRISM) is an Indian multinational hospitality technology company that brands, standardizes, and lists independent budget-to-midscale hotels, homes, and vacation rentals via a franchise/revenue-share model, and — since its December 2024 acquisition of G6 Hospitality — also…
Where is OYO headquartered?
OYO is headquartered in Gurugram (Gurgaon), Haryana, India.
What is OYO's business model?
OYO's core value proposition centers on Standardized, predictable budget stays, Full-stack technology for small hotel owners, Wide distribution / ubiquity.
How does OYO make money?
OYO's cited revenue streams include Revenue share / commission from partner hotels, OYO Wizard subscription fees, Platform / technology & onboarding fees, European vacation-rental / property management fees (OYO Home / Belvilla).