OYO ROOMS HAD A TURNOVER OF INR 2.4 CRORES IN FY 2014-15
Founded in
2012
Turnover in FY14-15
INR 2.4 CR
Growth in FY14-15
400%
If you have been around in your city anytime recently, more likely than not, you would have spotted an OYO Rooms board. OYO is a branded network of hotels and is one of the fastest growing startups in India.
Founded by Ritesh Agarwal (aged 19 years then) in 2012, OYO claims to be India’s largest branded network of hotels spread across 152 cities with more than 3000 hotels. Oravel Stays Private Limited, which owns and operates OYO Rooms, reported a turnover of INR 2.4 Crores in FY 2014-15, growing from a turnover of INR 51 lacs in the previous fiscal.
However, at the time, OYO appeared to have been present only in 10 cities with 200 hotels. They have seen a phase of exponent...