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>> Thursday, March 5, 2020
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Later on, he launched OYO (On Your Own) to eradicate the problem of the availability of the budget rooms in Hotels. Ritesh Agarwal has benefited the society in more than one ways.
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Oyo Rooms (stylised as OYO), also known as Oyo Homes & Hotels, is an Indian hotel chain. It is the world's third-largest and fastest-growing hospitality chain of leased and franchised hotels, homes and living spaces. Founded in 2013 by Ritesh Agarwal,
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OYO initially consisted mainly of budget hotels. Over a span of six years, the startup expanded globally with thousands of hotels, vacation homes and millions of rooms in hundreds of cities in India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan,Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more
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The company's investors include SoftBank Group, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.
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