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OYO rooms full form is On Your Own Rooms. It is one of the most popular hospitality companies in India, and is known for offering budget-friendly accommodation options across various locations in India. In this blog post, we shall explain OYO rooms, its founder, IPO and company details.
OYO Rooms was established in 2012, by Ritesh Agarwal. Back then, it was known as Oravel Stays. However, in 2013, the founder changed the company’s name to OYO after receiving a grant of $100,000 from the Thiel Fellowship, a program for young innovators by PayPal co-founder Peter Thiel.
When OYO was founded, Ritesh was just 19 years old. He made an initial investment worth Rs. 82 lakhs to start OYO as a platform to book budget-friendly accommodation. With just five hotels in Gurgaon, the company began its operations. In today’s time, OYO has thousands of OYO-branded hotels. It is one of the largest hospitality chains across the globe.
The leading competitors of OYO include companies like Super, Booking.com and Treebo. The current/former investors of OYO are SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.
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Name: Ritesh Aggarwal Date of Birth: 16 November, 1993 Place of Birth: Bissam Cuttack, Odisha Religion: Hindu Education: Attended Sacred Heart School, and then St. John’s Senior Secondary School. Indian School of Business & Finance (dropout). Net Worth: $225 million (Rs. 1,900 crore) House Address: Gurugram (Not Confirmed) |
OYO founder Ritesh Agarwal was born on November 16, 1993, into a Marwari family in Bissam Cuttack, Odisha. Currently, he is 31 years old. He grew up in Titilagarh, where his family operated a small shop in Rayagada. Ritesh graduated from Sacred Heart School and later attended St. John's Senior Secondary School before relocating to Delhi in 2011 for attending a college, known as Indian School of Business & Finance, in Delhi.
However, he was driven by a passion for innovation. Therefore, he decided to drop out of college and follow his vision. At just 18 years old in 2012, he began his business journey with Oravel Stays, a budget accommodation platform, now known as OYO rooms.
According to Hurun Rich List of India 2024, Ritesh is one of the top 10 youngest Indian billionaires and has a net worth of approx. $225 million (Rs. 1,900 crore). Some notable companies in his investment portfolio include Unacademy, Cars24, Kluisz.ai, Medial, Taffy Kids, InnerGize and Zingbus. His investments primarily focus on the consumer and enterprise applications sectors, among others.
OYO has not launched its IPO yet. However, the company is anticipated to file its Draft Red Herring Prospectus (DRHP) in November 2025 with a valuation of $7-8 billion. In the next week, the company is expected to approach its board with the proposal, people familiar with the matter told PTI.
According to a company spokesperson, "While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders."
As per a PTI report, in the last few weeks, OYO has ramped up its discussion with key banking partners with the company's valuation guidance kept at $7-8 billion (shares at Rs 70 apiece), potentially in the range of 25-30 times the EBITDA.
One person aware of the developments said, “The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sachs, ICICI, JM Financial, and Jefferies in London to assess market sentiment. After assessing market feedback, they are now confident in their decision. The board will be approached next week as the company firms up the details and finalises key strategic elements.”
OYO Rooms is one of the top hospitality companies in India. It was founded by Ritesh Agarwal in 2012, and was known as ‘Oravel Stays’. In 2013, the company’s name was changed to OYO (On Your Own). In today’s time, OYO not only has a presence in India but also in other countries across the world. Some key investors of OYO are SoftBank Vision Fund, Lightspeed India and Airbnb. At present, OYO has not launched its IPO. However, in future, it is expected to do so.
Do you own a company and are interested in launching an IPO? If yes, then connect with Registrationwala for availing IPO consulting services.
Disclaimer: The views expressed are solely those of the author and may not reflect the opinions of any institution, organization or the general public. This content is for informational purposes only and should not be considered as advice. Before making any investment decisions, the readers are advised to consult certified professionals.
Q1. What is OYO full form in hotel?
A. OYO full form in hotel is On Your Own. It is a hospitality company in India.
Q2. What was OYO originally known as?
A. When OYO was first established in 2012, it was known as Oravel Stays. However, in 2013, its name was changed to OYO.
Q3. When will OYO launch its IPO?
A. As of now, there is no official date for OYO IPO launch.
Q4. Who is the owner of OYO?
A. OYO owner is Ritesh Agarwal.
Q5. What is the parent firm of OYO?
A. The parent firm of OYO is Oravel Stays Limited.
Q6. What are OYO rooms used for?
A. They are used for accommodation by travelers such as travelers with limited budget, families, individuals on a business trip and individuals on weekend getaways.
Q7. Who is the largest shareholder of OYO?
A. The largest shareholder of OYO is SoftBank. It owns 46.62% stake in OYO. The second largest shareholder is OYO founder Ritesh Agarwal, who owns 33.15% stake in the company.
Q8. Where are the headquarters of OYO?
A. OYO headquarters are located at Gurugram. The address is as follows: 9th Floor, Spaze Palazo, Southern Peripheral Road, Sector 69, Gurugram, Haryana, 122001, India.
Q9. Who are the competitors of OYO?
A. OYO’s competitors are Super, Booking.com and Treebo.
Q10. What are the different types of rooms provided by OYO?
A. The different types of rooms provided by OYO include Single Room, Double Room, Deluxe Room, Suite Room, Family Room, Executive Room, Studio Room, Serviced Apartment, Penthouse Room and Presidential Suite Room.
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