OYO Rooms is India's first technology driven branded network of hotels with presence in cities like Delhi, Gurgaon, Noida, Bangalore, Mumbai, Pune, Goa, Jaipur, Hyderabad. As of July 2015, the company has 1000+ hotels in 63 cities.
Founder :
Ritesh Agarwal, the first Asian resident to win the Thiel Fellowship is the Founder-CEO of OYO Rooms.Agarwal started with Oravel Stays in 2012 as an aggregator and pivoted to the current managed marketplace of OYO Rooms with a vision to provide standardised budget hotels in India.
Funding:
2012: OYO Rooms got its first round of funding from Venture Nursery in December 2012.
2014: Another round of funding came from Lightspeed Ventures in February 2014.
2015: Recently, in March 2015, OYO Rooms raised $25Million from Lightspeed, Sequoia and others.
Again, In july 2015 oyo Rooms raise $100 million from softbank.
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