ABOUT HISTORY OF OYO

1. CCE-1
Entrepreneurship
Group No. 11
Submitted to:- Prof. (Dr.) Arjun Murti.
Submitted by:-
Smriti Rastogi
Sinu Sona
Sagar Devnani
BM -IV

2. ENTREPRENEUR :-
Ritesh Agarwal
FIRM:- OYO Rooms

3.  Ritesh Agarwal is the founder and CEO of OYO. He
launched his first start‐up, Oravel Stays Pvt. Ltd. in 2012
Ritesh Agarwal is a college drop-out.
 To pursue his passion of becoming an entrepreneur, he
enrolled into Indian School of Business & Finance, Delhi
but left college mid-way to start his own company.
 He was hesitant about his decision but from the beginning
was very clear about what he wanted to do and took some
tough choices to accomplish his dreams.

4.  Before OYO, there was Oravel
 He has travelled all over the country and during such
travels, discovered the problem with budget hotels. At
the age of 17, he launched Oravel travels, modelled after
Airbnb, which later branched out to become OYO rooms.
Soon he discovered that the problem with budget hotels
was bigger than just availability, so, to counter other
issues, he launched OYO.
 Oravel was designed as a platform for booking budget and
premium accommodation. Realising the great variability in
the budget sector, he pivoted Oravel to OYO in 2013

5. OYO Rooms, commonly known as OYO, is an Indian hotel
brand that owns and operates as well as aggregates
standardised hotel rooms. It currently operates in more
than 200 Indian cities and in Malaysia.
 The man who has stayed at numerous budget hotels
himself – and juggled roles as housekeeper, call center
guy, and startup founder – wants you to think OYO (short
for “on your own”) every time you step out of home.

6.  OYO is offering 65,000 rooms through they plan to grow
deeper in all other sectors too..
 Three years ago, he started off with a single Gurgaon
hotel. It had 14 rooms, and OYO took over 11 of those.
 OYO started with one city and one hotel in Gurgaon in
January 2013. The company as of October 2016 has
around 6500 hotels in 220+ cities of India and has been
named India's largest budget hotel chain
 It is today India’s largest branded network of budget
hotels – the startup calls it largest “across all categories”
– with 5,500 properties in over 170 cities. It’s like Uber
for budget hotel rooms.

7.  Vision And Values:-
 TO CHANGE THE WAY PEOPLE STAY AWAY
FROM HOME
 AFFORDABLE :-
 OYO Offers rooms at prices that no other
player in the bugdet segment offers today.
 Technology Driven:-
 OYO uses technology to link all its functions and
provide the customer a seamless awesome
experience .

8.  OYO Rooms offers an unmatched proposition to
its consumers at affordable prices that start at
Rs 999.
 As a brand, OYO promises comfortable
delightful stays that includes an AC room,
complimentary breakfast and Wi-Fi with 24*7
customer service support.
 Hotel owners that partner with OYO Rooms see
a significant increase in occupancy levels

9. OYO Rooms launched its mobile app that promised a hotel room
booking in less than 10 seconds
Available on Android and iOS platforms, more than 15,000
bookings have been made through the OYO Rooms mobile app
within a week.

10.  Ritesh Agarwal who is merely 23 years old, has certain
awards and credentials to his name, some of which are:
 – Forbes “30 under 30” in the consumer tech sector
 – Top 50 entrepreneurs in 2013 by TATA First Dot
powered by NEN awards
 – TiE-Lumis Entrepreneurial Excellence award in 2014
 – Business World young entrepreneur award.

11. KEY COMPETITION
 When asked Ritesh about competition he gave an
interesting answer: “We have so much competition and, at
the same time, no competition!”
 “Chain hotels, OTAs [online travel agents], tour operators,
and of course another aggregator can be considered
competition. What we focus on instead is the opportunity
– any person staying out of home is a potential customer

12.  WEB SOURCES

 http://ourownstartup.com/ritesh-agarwal-the-man-behind-oyo-rooms/
 http://startupbeat.com/2015/05/oyo-rooms-is-now-indias-largest-
budget-hotel-chain/
 http://economictimes.indiatimes.com/small-
biz/entrepreneurship/ritesh-agarwals-journey-from-being-a-sim-
seller-to-the-helm-of-oyo-
rooms/articleshow/48322588.cms?intenttarget=no
 https://www.oyorooms.com/officialoyoblog/2016/02/22/how-oyo-
plans-to-provide-skill-training-to-lakhs-of-workers

13. 