2. FOUNDER
Ritesh Agarwal 21 year old owner of Oyo Rooms.
Dropped out college in 2012 when he was 17 year old for his startup.
3. INTRODUCTION:
Oyo room is indias largest branded network of
hotels .
It operates more than 174 cities with
4500+ hotels in India.
First in class app based hotel booking.
Headquartered and operated by GURGAON
HARYANA.
First started by name of ORAVEL STAYS PVT LTD. In
2012.
4. AWARDS & RECOGNITION:
First resident Asian to win Thiel Fellowship,2013.
Top 50 entrepreneurs in 2013 by TATA First Dot
powered by NEN Awards.
Named as one of the 8 Hottest Teenage Start up
founders in the world in 2013 by Business Insider.
TiE- Lumis Entrepreneurial Excellence Award in 2014
& Business World Young entrepreneur Award in 2015.
5. SOURCES OF FUNDS:
2012: OYO Rooms got its first round of funding
Venture Nursery in Dec 2012.
2014: Another round of funding came from
Lightspeed Ventures in Feb 2014.
2015: In March 2015 , OYO Rooms raised $ 25
million from Lightspeed, Sequoia and others.
2015: In July 2015 , OYO Rooms raised $100
million from Softbank
6. GROWTH STORY:
From a single hotel in May 2013 to over 4500+
hotels at present, it has been an inspiring journey from a
smart idea to India’s largest branded network of hotels with the
dream of becoming the world’s largest branded network of
hotels.
7. GOAL:
Our goal is to change the way people stay away from
home.
RANGE:
OYO’s budget stays range from 999 to 1500 rupees while its
mid scale rooms are priced at 1600 to 4000 rupees.
MEDIA:
OYO rooms has appointed Madinson Media Plus as its media
agency. The size of the business is estimated to be Rs 100
crore.
8. Listing of hotels:
OYO Rooms reaches out to prospective hotels to partner
with them. A hotel owner can also reach out to OYO through
their webpage.
The OYO team then contacts the hotel and audits the hotel
to understand the changes needed to standardize the property
as per OYO standards, and shares details of the partnership
agreement.
9. 5 REASONS WHY OYO ROOMS BRANDED BUDGET
HOTELS ARE A HIT?
1. AFFORDABLE:
With Budget Hotels you choose to SAVE!
Yes save smart on room rates
&
Spend more to explore your Holiday destination, sightseeing, buying
souvenirs, experimenting with their taste buds.
2. BED & BREAKFAST:
Excellent Bedding & Interiors is the
pre-requisite of a pleasurable trip.
At OYO Rooms , they standardize every
property of our budget hotels chain to create
state-of-the-art bedrooms with super comfy
beds & lavish interiors.
10. 3. STAY CONNECTED:
Yes, stay connected to your friends, family
& your favorite movies, not to miss news; even
when you travel with FREE WI-FI & FLAT LCD TVs.
4. STRATEGICLOCATIONS:
Whenever you may want to stay, you’d find an
OYO! Strategically located near Air Ports, Railway
Stations, Bus Terminals, Business Hubs, Metro Stations
etc……..
5. SECURITY:
With a 24 hour reception and secured premises
we ensure that your safety is not jeopardized at
any given moment while you stay at OYO Rooms.
11. MOU’s:
a. South India’s Regional Airline AIR PEGASUS has tied-up with
OYO Rooms.
b. Started its operations in Malaysia.
c. OYO Rooms has been selected by the Tourism and Hospitality
Skill Council.
d. OYO Rooms tie-up with BHARTI AIRTEL.
e. Telangana State Tourism Development corporation has
partnered with OYO Rooms.
