Companies
/
Oyo
Consumer & E-commerce
OYO is a Gurugram, India-based hospitality company that operates a large network of franchised and leased budget hotels and vacation rentals across many countries.
Create an account to view live offerings, pricing, and market activity.
Sign in to view offerings and live market activity.
OYO was founded in 2013 by Ritesh Agarwal, then a teenager, based on the observation that India had an enormous number of small, independently operated budget hotels and guesthouses that were often inconsistently managed and difficult for travelers to book confidently online given inconsistent quality and limited digital booking infrastructure, motivating Agarwal to build a franchise-style model that standardizes room quality, pricing, and the booking experience across a large network of partner hotel properties operating under the OYO brand. OYO's business model has evolved over time between operating as more of an asset-light franchise and branding platform for independent hotel owners, and periods of more direct property leasing and operational control in various markets, reflecting ongoing experimentation with the optimal balance between growth and profitability across its large and geographically diverse portfolio spanning India, Southeast Asia, Europe, and other regions. The company experienced a period of extremely rapid international expansion and substantial venture capital investment culminating in a peak valuation exceeding $10 billion around 2019, before facing significant financial and operational challenges, including the severe disruption the COVID-19 pandemic caused to global travel and hospitality demand, leading to substantial cost-cutting, market exits, and a considerably reduced valuation in subsequent private funding rounds. OYO has pursued and withdrawn plans for a public listing in India on multiple occasions as it has worked to demonstrate a more clearly sustainable path to profitability, having raised very substantial venture funding from investors including SoftBank Vision Fund, and continues operating as one of the largest hotel network operators globally by number of managed rooms and properties.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
| Company | Valuation |
|---|---|
Open TechStyle Fashion Group Consumer & E-commerce | $171B |
Open Shein Consumer & E-commerce | $31B |
Open Fanatics Consumer & E-commerce | $19.3B |
Open Whatnot Consumer & E-commerce | $19.1B |
Open Instacart Consumer & E-commerce | $13.5B |
Sign up with Augment to see the latest market activity.
