Oyo was launched in 2013 by Ritesh Agarwal. Ritesh started his business at the age of 17 years. He dropped out of his college and launched Oravel Stays Pvt. Ltd. In 2012. Oravel was designed to book budget and premium hotel rooms. But it was not successful. Therefore, he thought of offering affordable and standardized rooms with the trade name ‘Oyo’. OYO had started their operation from one hotel in Gurgaon, Oyo Rooms Huda City Center, Gurgaon. There has been a tremendous growth. Checkout Youtube of ‘An Interview with Ritesh Agarwal by BBC’
Oyo, today operates in more than 170 cities across India. The major cities like Delhi, Mumbai, Bangalore, Hyderabad, Goa, Chennai, Kolkata, Ahmadabad, Jaipur, Gurgaon were at the top of the list. All the Metro cities, state hubs, pilgrimage places and leisure destinations were covered.
All the standardized hotel rooms of Oyo are fitted with air conditioner, TV, free Wi-Fi. There is complementary Breakfast and 24×7 customer service support. The Oyo Rooms provide clean spotless bed sheet. Toiletries in the rooms are branded, showers are 6 inches wide. Room rent ranges from Rs 999 to 12000. There are regular audits. Oyo provides the training to the hotels. Ritesh had received US$ 100000 from Theil in 2013.
By November 2015, Oyo was working with more than 15000 Hotels and about 10 Lacs rooms in more than 250 cities in India. It is largest chain of budget and affordable hotels. They have expanded to other countries like Malaysia.
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