OYO Full Form

OYO Full Form 

OYO Full Form:   On Your Own

Oyo Full Form It is the world's third-largest and fastest-growing hospitality chain of leased and franchised hotels, homes and living spaces. Established in 2013 by Ritesh Agarwal, OYO initially focused mainly on budget hotels. 

                         

OYO Full Form 

Oyo Full Form 

 Over a span of six years, the startup expanded globally with thousands of hotels, vacation homes and millions of rooms in hundreds of cities in India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more.The company's investors include SoftBank Group, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.

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Oyo Full Form 
In 2012, Ritesh Agarwal launched Oravel Stays to enable listing and booking of budget accommodations. After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he pivoted Oravel to OYO in 2013.

Financial result:-

In 2019, OYO reported 3.5x growth in revenue in FY 2017–18 at Rs 416cr for India operations and a marginal loss of 360 cr. In 2018, OYO reported a loss of 330.97 cr which was better than the previous year.

Oyo Full Form 

Product and Service:-

1. OYO Townhouse
2. OYO Home
3. OYO Vacation Homes
4. SilverKey
5. Capital O 
6. Palette 
7. Collection O
8. OYO LIFE

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