|Type of business||Private|
|Area served||India, Nepal, China, Singapore, England, Malaysia, UAE and Sri Lanka|
|Revenue||₹2,600 crore (US$360 million) (2017)|
|Net income||₹-325 crore (US$−45 million) (2017)|
OYO Rooms, commonly known as OYO, is India's largest hospitality company, consisting mainly of budget hotels. It was founded in 2013 by Ritesh Agarwal and has since grown to over 8,500 hotels in 230 cities in India, Malaysia, UAE, Nepal, China and Indonesia.
In 2012, then 18-year-old Ritesh Agarwal, hailing from Odisha's Rayagada district, launched Oravel Stays, a website designed to enable listing and booking of budget accommodation. After three months of research and staying in over 100 bed and breakfast homes, guest houses, and small hotels, he pivoted Oravel to OYO in 2013.
OYO partners with hotels to give similar guest experience across cities. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship from Peter Thiel.
In March 2015, OYO raised Series A round of funding $24 million from Lightspeed Venture Partners, Sequoia Capital, Greenoaks Capital and DSG Consumer Partners. In August 2015, OYO raised another $100 million from Softbank Group, a existing investor. A year later, in August 2016, OYO raised $90 million from Softbank Group, Innoven Capital and existing investors. In September 2017, OYO announced it had closed a $250 million series D round of funding led by Softbank Group, new investor Hero Enterprises led by Sunil Kant Munjal, Sequoia Capital, Greenoaks Capital and Lightspeed Venture Partners. China Lodging made a strategic investment of $10 million in OYO in September 2017.
In late 2017, OYO launched OYO Home, an Airbnb-like marketplace for short-term managed rentals. OYO Home has presence in more than 10 leisure destinations of India including Goa, Shimla, Pondicherry, Udaipur, Kerala etc. In April 2018, OYO launched its first international OYO Home in Dubai.
In September 2018, OYO raised $1 billion. The majority of the funding — $800 million, to be exact — was led by SoftBank’s Vision Fund with participation from Lightspeed, Sequoia and Greenoaks Capital. OYO said there is also an additional $200 million that has been committed from as-yet-unnamed investors. The deal values the five-year-old company at $5 billion. Oyorooms came with new cocept of data sharing of staying customer with government authorities.
OYO rooms were in multiple Indian news in September 2018 after a sexual harassment claim was made by US citizen Jordan Taylor. She had allegedly claimed that she was provided an unsafe accommodation by OYO in Delhi where she was sexually harassed by OYO hotel staff. 
OYO has been in news for using predatory pricing using it's funding money to unfairly remove competition. It was also reported that OYO was not following its own agreements and have threatened the hotels to unilaterally change some of the clauses or suffer the consequences of non-payment.
Oyo Rooms had sent mass unsolicited job offer emails targeting senior- and mid-level employees of competitor companies.
It was reported by Business Standard in 2017 that OYO rooms were making massive losses without showing any significant revenues.
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