OYO is the multinationals company of india.it also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes and living spaces. Summary of the inspirational journey of OYO Company and its founder.
① The full form of OYO is "On your own house" Their name is so short due to people remind long time in the mind.
② The founder of OYO is Ritesh agrawal who belongs to middle class family in Odisha state. From the childhood has innovative skill that been used for running a company
③ Ritesh Agrawal were selling a mobile sim card on road at age of 13yrs for helping to his father. He completed their graduation from St. Johns Senior Secondary School and moved to Delhi in 2011 for college
④ He selected in the the Thiel Fellowship in 2013. Due to reasons, dropped the college of Delhi. Theil foundations is selected every year 20 to 25 students for learning new ideas, new startup, young entrepreneurs etc.
⑤ Theil foundation granted $100,000 for start new startup in india. Through the fund ritesh launched their company that name is OYO rooms.
⑥ Ritesh Agrawal is the youngest person to become Billionaire at the age of 21.
⑦ The OYO rooms hospitality services expanded over the 80 nation in the world like Malaysia, America, Japan, Canada, China, Brazil, Uk, Singapore, Saudi Arabia, and Philippines et.
⑧ The main headquarters situated in the Gurgaon at Haryana state of india. It entire plans & Policy approved from the centre of OYO Company.
⑨ In the OYO company includes various stockers companies they helps to conduct smooth functioning of company. . It includes SoftBank Group, Didi Chuxing, Green oaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.
⑩ As you knows OYO is the multi-Brand company it include OYO LIFE, Collection O Palette capital, Silver key, OYO Vacation Homes, OYO Home, Oyo townhouse
⑪ The OYO company total net worth is 1.1 Billion USD. It value increasing from the last 5 yrs on the market.
⑫ OYO manages 43,000+ hotels and over 1 million rooms worldwide.
⑬ OYO launched OYO Wizard Loyalty Program, which now has more than 9 million members.
⑭ In 2018, OYO became India’s largest hotel chain, surpassing traditional hospitality brands.
⑮ OYO is also one of the world’s fastest-growing hotel networks, expanding in less than a decade.
⑯ Apart from hotels, OYO has entered into vacation homes, co-living, and workspaces under its sub-brands.
⑰ Ritesh Agarwal personally bought back shares worth $2 billion in 2019 to increase his stake in the company.
⑱ During the COVID-19 pandemic, OYO provided free stays and discounts for frontline workers in multiple countries.
⑲ OYO is part of the “Tech Unicorn Club” of India, among startups like Paytm, Zomato, and Byju’s.
⑳ OYO has been featured in the Forbes Global 2000 list and multiple global business magazines for innovation in hospitality.
🌐 Web Articles & Reports
Forbes: How Ritesh Agarwal Built OYO (search “Ritesh Agarwal OYO Forbes”)
Economic Times – OYO Founder Ritesh Agarwal Journey
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