OYO Rooms Case study and Business Model 2021

OYO Rooms Case study

OYO Rooms Case study – Oyo Hotels & Homes are India’s largest and world-leading chain of hotels, homes, and spaces. OYO is Stands for On Your Own. However, It is Gurgaon Based startup founded by 18-year-old Ritesh Agrawal in 2013. In fact, Today Oyo operates in over 800+ cities, 80+ countries, and 43000+ hotels with over 1 million rooms are listed on their website. Moreover, Oyo committed to building the world’s largest hotel chain and it initially consists of budget hotels. In addition, Oyo provides online booking facilities for their customers with attractive discount offers. Through online booking, customers can easily find a nearby hotel room, discover the best deals according to their budget, and traveled around the world with Oyo.

OYO Room Casestudy

HOW OYO ROOM WAS STARTED – HISTORY

In 2012 Ritesh Aggarwal was traveling in the whole of India at that time he saw that he was unable to find rooms with affordable price and good condition if the price of the room is low then the facility and condition of the room is terrible at that time the idea of starting Oyo rooms came into his mind.

In 2012, Ritesh was Firstly Started Oravel Stays in Gurgaon that’s allows listing and booking of budget rooms; he renamed the Oravel Stays to OYO in 2013.

OYO is associated with Some hotels to give similar guest experiences around the cities. Soon after Starting Oravel Stays, Ritesh Agarwal received funding of $100,000 from Peter Thiel as part of the Thiel fellowship. OYO currently has to work with 17,000+ employees worldwide, of which approximately 8000+ are Indian and South Asian. it has also established 26 training institutes for hospitality enthusiasts all over India. OYO Rooms Case study

FINANCIAL RESULTS of OYO Rooms case study

HOW OYO ROOM WAS STARTED – HISTORY

In April 2021 During the covid phase, Some news reports and social media channels were claimed that OYO had filed for bankruptcy, due to covid-19 but the founder & CEO of OYO Room Ritesh Agarwal make clear that it is not true. So, Ritesh Agrawal is the oyo rooms founder

In 2019, OYO File a revenue of $951 million, a 4.5 times increase on a year-on-year basis, as compared to $211 million in 2018.

In this OYO Rooms Case study

Funding of OYO Rooms case study

OYO has Acquired 7 companies. Danamica was their most recent acquisition on Sep 2, 2019 at $10 Million.

OYO has raised a total of USD 3.4 Billion in funding in 17 rounds. OYO’s latest funding was raised on Mar 11, 2021, from the Debt financing round. OYO’s most recent investors are SoftBank Vision And Hindustan Media Venture. It is funded by a total of 23 Investors. It is the fastest Growing Unicorn Startup

Announcement date11 March, 2021
Number of Investor1
Transaction nameDebt financing – OYO
Amount Raised$200M
Lead InvestorSoftbank vision Fund
Announcement date6 Jan, 2021
Number of Investor1
Transaction nameSeries – F-OYO
Amount RaisedRs.540M
Lead InvestorHindustan Medai Venture
Announcement date10 Dec, 2019
Number of Investor2
Transaction nameSeries – F-OYO
Amount Raised$1.5B
Lead InvestorRitesh Agarwal, Soft bank
Announcement date30 Nov, 2019
Number of Investor1
Transaction nameDebt financing – OYO
Amount RaisedRs.500M
Lead InvestorMy Preferred Transformation
Announcement date1 Apr, 2019
Number of Investor1
Transaction nameSeries – E – OYO
Amount Raised$75M
Lead InvestorAirbnb
Announcement date14 Feb, 2019
Number of Investor1
Transaction nameSeries – E – OYO
Amount Raised$100M
Lead InvestorDidi
Announcement date7 Dec, 2018
Number of Investor1
Transaction nameSeries – E – OYO
Amount Raised$100M
Lead InvestorGrab
Announcement date25 Sep, 2018
Number of Investor3
Transaction nameSeries – E – OYO
Amount Raised$1B
Softbank Vision fund
Announcement date7 Sep, 2017
Number of Investor4
Transaction nameSeries – D -OYO
Amount Raised$250M
Softbank Vision fund
Announcement date1 Sep, 2017
Number of Investor1
Transaction nameSeries – D -OYO
Amount Raised$10M
Lead InvestorHuazhu Hotel Group

Acquisition And Partnership OYO Rooms

Acquisition And Partnership of oyo room

OYO Rooms has Purchased 7 companies. Danamica was their most recent acquisition on Sep 2, 2019, at $10 Million.
In 2019, OYO and Airbnb announced a strategic partnership with Airbnb investing in OYO. and the company will list their properties on the Airbnb platform. March 2019, OYO announced a 1400 cr investment in its India and South Asia businesses over 2019 as of its efforts infrastructure, strengthen technology and internal capability. April 2019, OYO announced a strategic global distribution Association/partnership with bedbank Hotelbeds. also announced two joint-venture with Softbank and Yahoo! Japan. Read the full OYO Rooms Case study for more information

Aquiree NameDanamica
Announcement dateSep 2, 2019
Amount$10M
Transaction nameOYO acquired Danamica
Aquiree NameLisure Group
Announcement dateMay 1, 2019
Amount$425M
Transaction nameOYO Acquired Lisure Group
Aquiree NameQianyu Island
Announcement dateMarch 15, 2019
Amount
Transaction nameOYO Acquired Qianyu Island
Aquiree NameInnov8 coworking
Announcement dateMarch 15, 2019
Amount30M
Transaction nameOYO Acquired Innov8 coworking
Aquiree NameWeddingz
Announcement date13 Aug, 2018
Amount
Transaction nameOYO Acquired Weddingz
Aquiree NameAble plus Solution Pvt.Ltd
Announcement date10 july, 2018
Amount
Transaction nameOYO Acquired Qianyu Island
Aquiree NameNovascotia Boutiqe Homes
Announcement dateMarch 18, 2018
Amount
Transaction nameOYO Acquired Qianyu Island
Aquiree NameQianyu Island
Announcement dateMarch 15, 2019
Amount
Transaction nameOYO Acquired Qianyu Island

How OYO Earn – Oyo Rooms Case study & Business Model

HOW OYO ROOMS EARN - Business Model of Oyo Rooms

OYO rooms business model Run on two different model business models in this OYO Rooms Case study ypu can see

  1. Aquire hotels business model – In Acquiring model oyo acquires the hotels on the rent and pays a fixed amount on a monthly/ yearly basis. They decorate their rooms for a better guest experience and they have earned to Listed rooms on the OYO Rooms website.
  1. Associated business model – In the Associated/Partner Business model OYO Partnership with Hotel across the globe for providing better
  • Firstly OYO Associate with Hotels and they said decorate rooms according to oyo rooms.
  • After next, Associate with hotels OYO list their rooms on OYO’s website.
  • And lastly, they charge some commission per guest Like 6 to 10%
  • So in this OYO Rooms Case study so see the oyo rooms business model

How to Book the hotel rooms with just 3 taps on OYO app with just 3 taps

How to Book the hotel rooms with just 3 taps on OYO app with just 3 taps
  • First Install and Open the OYO app & enter your location where you want to stay or simply use your current location if you are searching for nearby hotels.
  • Secondly, Compare hotel prices, reviews & ratings of the hotel, room amenities & choose the best deals that fit your budget
  • And, last click on ‘Book Room’ to confirm your room booking 👍 You can ‘Book Now & Pay at Hotel or pay anytime before your hotel room stays and get up to 20% additional discount on prepaid online hotel & Rooms Booking via Debit/Credit cards, Net Banking, UPI – BHIM, Google Pay, PhonePe, Paytm, PayZapp, Whatsapp & digital wallets like Mobikwik, Ola Money & Freecharge.
  • Full information under OYO Rooms case study
  • https://www.oyorooms.com/

Challenges that faced by oyo rooms in covid 19

Covid 19 is the most terrible phase for OYO room as well as the whole hospitality industry. Moreover, all the tourism places have been closed due to covid 19 and flight for traveling is also Prohibited in the whole world. so, the potential of the hospitality industry is decreasing but OYO launches some other service for avoiding bankruptcy. Like oyo starts quarantine center with huge discount for attracting the customers. Ritesh Agrawal is the oyo rooms founder.

In April 2021, Some news reports and social media channels were claimed that OYO had filed for bankruptcy, due to covid-19 but the founder & CEO of OYO Room Ritesh Agarwal make clear that it is not true. Find solution through OYO Rooms case study

In this OYO Rooms Case study you easily found the challenges that faced bu OYO Rooms

OYO Rooms, OYO Hotels & Homes has a Different approach These include:

OYO Rooms, OYO Hotels & Homes has a Different approach These include:
  • Townhouse By OYO is promoted because the local hotel is within the midscale segment targeted at young and new generation travelers.
  • OYO Home, which OYO claims is India’s maiden Home Management System that gives private homes in several locations and is fully managed by OYO.
  • OYO Vacation Homes identifies itself because the world’s 3rd largest dwelling brand with vacation rental management brands Belvilla, Danland, and DanCenter alongside Germany-based Traum-Ferienwohnungen.
  • SilverKey launched in April 2018, caters to the requirements of the company travelers undertaking business trips for a long duration.
  • Capital O offers hotel booking services.
  • Collection O In this OYO offers booking and leasing services to business persons who travel.
  • OYO LIFE, In this Model OYO targeted the New Generation and young professionals in search of fully furnished homes on a long-term lease, at fair prices.[56][57]
  • YO! HELP is a self-help tool that gives support for check-ins, check-outs, and payments.

Frequent Asked Questions.

Who is the founder of OYO Rooms

Ritesh Agrawal is the founder & CEO of OYO Rooms. In 2012 Ritesh Agarwal was traveling in the whole of India at that time he saw that he was unable to find rooms with affordable price and good condition if the price of the room is low then the facility and condition of the room is terrible at that time the idea of starting oyo rooms came into his mind

OYO Room Price

The Price of OYO is Based on the city and quality Basically the Starting Price of OYO Rooms is Rs.1200

What is full form of oyo

The OYO stands for On Your Own Rooms. It is Gurgaon Based startup founded by 18-year-old Ritesh Agrawal in 2013. Today Oyo operates in over 800+ cities, 80+ countries and 43000+ hotels with over 1 million rooms are listed on their website.

OYO Hotel owner Net worth

Ritesh Agrawal is the founder & CEO of OYO Rooms. Approximately the net worth of Ritesh Agrawal is to be $1.1 Billion (7253 crores) according to Hurun rich list 2020.

In conclusion – This study based on current data

Source – https://www.hurunindia.net and https://www.crunchbase.com

Know about Movies Production Companies

Know About Business card size & dimention


2 thoughts on “OYO Rooms Case study and Business Model 2021”

  1. Pingback: Hello world! – Aligweb.com

Leave a Reply

Your email address will not be published. Required fields are marked *