OYO Unicorn
OYO (legally Oravel Stays, now operating under parent entity PRISM) is an Indian multinational hospitality technology company that brands, standardizes, and lists independent budget-to-midscale hotels, homes, and vacation rentals via a franchise/revenue-share model, and — since its December 2024 acquisition of G6 Hospitality — also operates the Motel 6 and Studio 6 chains in the US. Founded by Ritesh Agarwal…
OYO: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 12 Aug 2024 | Growth round (close) | $175 million total | Patient Capital ASK Financial Holdings J&A Partners | source |
| 16 Jun 2024 | Growth round | $100-125 million | source | |
| 9 Sep 2021 | Strategic investment | ₹36.53 Cr (~$5 Mn) Microsoft equity | Microsoft Corporation | source |
| 19 Jan 2021 | Series F1 | ₹54 Cr Hindustan Media Ventures cash equity | Hindustan Media Ventures | source |
| 7 Oct 2019 | Series F | $1.5 billion | SoftBank Vision Fund Airbnb Greenoaks Capital Lightspeed Venture Partners Sequoia Capital India | source |
| 27 Mar 2019 | Series E | ₹515.95 Cr Airbnb cash equity tranche | Airbnb | source |
| 14 Feb 2019 | Strategic investment (Series E extension) | $100 million | Didi Chuxing (via Star Virtue Investment) | source |
| 7 Sep 2017 | Series D | $260 Mn including $10 Mn September follow-on | SoftBank Vision Fund China Lodging Group Greenoaks Capital Hero Enterprise Lightspeed Venture Partners Sequoia Capital India | source |
| 22 Jul 2016 | Series C1 | ₹413.06 Cr cash equity allotment | SoftBank | source |
| 3 Aug 2015 | Series B | $100 million | SoftBank Greenoaks Capital Lightspeed Venture Partners Sequoia Capital India | source |
| 1 Feb 2015 | Series A | $25 million | Lightspeed Venture Partners DSG Consumer Partners Greenoaks Capital Sequoia Capital India | source |
| 29 Sep 2014 | Series A1 | ₹38.01 Cr (Series A1 plus equity) | DSG Consumer Partners Lightspeed Venture Partners Sequoia Capital India | source |
| 31 Mar 2014 | Series A | ₹4 Cr (Series A cash allotment) | DSG Consumer Partners Lightspeed Venture Partners | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 20 Sep 2024 | OYO | G6 Hospitality | $525 million (all-cash) | source |
| 16 Jul 2019 | OYO | Innov8 Coworking | ~INR 220 Cr (~$30 million) | source |
| 1 May 2019 | OYO | @Leisure Group | $415 million (all-cash) | source |
| 13 Aug 2018 | OYO | Weddingz.in | Undisclosed | source |
| 10 Jul 2018 | OYO | AblePlus | Undisclosed | source |
Recent Signals
News on OYO
-
20 Oct 2026
OYO Parent PRISM Cuts Planned IPO Fresh Issue to ₹3,350 Crore -
19 Oct 2026
OYO Parent Prism Targets November IPO to Raise ₹6,650 Crore -
27 Aug 2026
OYO Parent Prism FY26 Profit Jumps 4x To ₹994 Crore, Revenue Hits ₹9,358 Crore -
10 Aug 2026
Zostel Withdraws Delhi HC Plea Over 7% OYO Stake Claim; SEBI to Examine Complaint -
29 Jul 2026
OYO Expands UK Premium Portfolio With 40 Hotels Ahead of IPO -
19 Jul 2026
OYO valuation doubles to ₹67,200 crore in Hurun Top 10 -
10 Jul 2026
Delhi HC Disposes of Zostel’s Fresh Application in OYO Dispute, Appeal on August 12 -
30 Jun 2026
OYO post ₹748 cr profit in first 9 months of FY26 -
30 Jun 2026
OYO Parent PRISM Files for a Rs 6,650 Crore IPO — All Fresh Money, No Founder Selling -
13 Jun 2026
OYO gets relief in ₹3,885 cr angel tax case -
3 Jun 2026
SEBI approves OYO IPO
L Litmus · by Lapaas
See the full business-model breakdown and validation framework for this company.
View Litmus AnalysisFAQs on OYO
Who founded OYO?
OYO was founded by Ritesh Agarwal in 2012.
How much funding has OYO raised?
OYO has raised $2.41 Bn across 13 tracked funding round(s), most recently on 2024-08-12. Figures are compiled from cited public sources.
Who are the investors in OYO?
Investors in OYO include Patient Capital, ASK Financial Holdings, J&A Partners, Microsoft Corporation.
What does OYO do?
OYO (legally Oravel Stays, now operating under parent entity PRISM) is an Indian multinational hospitality technology company that brands, standardizes, and lists independent budget-to-midscale hotels, homes, and vacation rentals via a franchise/revenue-share model, and — since its December 2024 acquisition of G6 Hospitality — also…
Where is OYO headquartered?
OYO is headquartered in Gurugram (Gurgaon), Haryana, India.
What is OYO's business model?
OYO's core value proposition centers on Standardized, predictable budget stays, Full-stack technology for small hotel owners, Wide distribution / ubiquity.
How does OYO make money?
OYO's cited revenue streams include Revenue share / commission from partner hotels, OYO Wizard subscription fees, Platform / technology & onboarding fees, European vacation-rental / property management fees (OYO Home / Belvilla).