By – Kinjal Maheshwari

Diljit Singh Khalsa Assigned by – Dr. Tanvi Pathak Ma’am

▣ Network of tech enabled branded
budget hotels.
▣ Aggregator of these hotels, just like Ola is
for cabs.
Age 21
Founder of OYO Rooms.
Started at age 17.
College dropout.
First Indian to win Thiel Fellowship.
▣ General Overview:

• Started as Oravel Stays in 2011

• Headquarter in Gurgaon, Delhi.
• India’s largest branded network of hotels.
• Operates in 100+ cities.
• Started with 1 property.
• Currently associated with 2000+ properties.
▣ Identifying.
▣ Making an appointment.
▣ Setting terms.
▣ Setting standards.
▣ Physical transformation.
▣ Auditing the fixes.
▣ Making it live on Oyo portal.
▣ Currently booking 5 Lakh+ room nights
every month.
▣ Hotels register 80-90% occupancy on an
average.
▣ Cost of unoccupied rooms is indemnified by
Oyo to the hotels.
▣ Zo Rooms.
▣ Wudstay.
▣ FabHotels.
▣ Stayzilla.
▣ Room n House
▣ DayHalt.
▣ 2012 : Got its first round of funding
from Venture Nursery.

▣ 2014 : Another round of funding came

from Lightspeed Ventures.

▣ 2015 : Raised INR 150 crore from Lightspeed,

Sequoia and others.

▣ 2015 : Raised INR 650 crore from SoftBank.