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. OY
O has revolutionized the fragmented and legacy-driven budget hospitality space in India, by enabling standardization (of services, amenities and in-room experience) and modernization of a labor-intensive business (by creating and utilizing apps for inventory-management, room-service, revenue-management and CRM). Through this, the company has succeeded in delivering predictable, affordable and available budget-room accommodation to millions of travelers in India. A booking with OYO comes with the promise of a comfortable stay supported by an air-conditioned room, flat screen television, complimentary breakfast, free Wi-Fi and 24x7 service support. Guests can use the OYO App (7 MILLION downloads so far) to search and book rooms, request roomservice (food, beverages and laundry), 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 that is recognized and loved by travelers nationwide. OYO was founded by Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel). He recently featured in the Forbes 30 under 30 list in the global, Indian and Asian edition under the Consumer Tech category. OYO is backed by the world's leading investors including the Softbank Group, Lightspeed Venture Partners India, Sequoia Capital and Greenoaks Capital. In August 2015, it was identified as among the '50 next start-up unicorns' by New York Times. It has also received acclaim and accolades such as Startup of the Year Express IT Award, Quest Experience Award for Best Use of Social Media for CX Improvement, NDTV Dream Chaser of the Year, Lufthansa ET Now Runway to Success Award, TIE Lumis Business Excellence Award and India International Travel Mart Award. Ritesh received the Business World Young Entrepreneur Award in 2015. He recently featured in the Forbes 30 under 30 list (Global, India, Asia) under the Consumer Tech category.