OYO Rooms Secures $145 Million in Funding to Expand Global Empowerment Mission

In a groundbreaking move that underscores its commitment to innovation and growth, OYO Rooms has successfully raised $1.457 billion in its latest funding round. This globally recognized platform, founded by the enterprising 27-year-old Ritesh Agarwal, is dedicated to empowering small businesses and entrepreneurs in the hospitality industry. With operations extending across 35 countries, OYO provides an impressive suite of over 40 integrated technology products and services designed to boost revenue and streamline operations for more than 157,000 hotel and home storefronts. The substantial funding will facilitate the continued expansion of OYO's unique business model, which transforms fragmented, unbranded hospitality assets into digital-first, branded storefronts that boast enhanced revenue potential. Furthermore, this influx of capital will enhance OYO’s proprietary technology suite, including its flagship applications, Co-OYO and OYO OS, which are essential tools for owners and operators to efficiently manage vital business aspects from revenue management to customer relations. With a robust D2C channel complemented by partnerships with third-party online travel agencies (OTAs), OYO ensures that customers can seamlessly discover and book accommodations through its award-winning OYO App, which saw over 100 million downloads in 2020. This latest financing not only positions OYO to further elevate its technological offerings and significantly enrich the travel experience for millions but also strengthens its mission to create affordable, trusted accommodations worldwide. As OYO continues to redefine the hospitality landscape, its latest funding milestone marks an exciting chapter in the company's journey toward achieving global excellence.