Total amount raised
$3.6 Billions
Latest funding date
Location
Title
OYO has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company offers a comprehensive hotel booking platform designed to empower entrepreneurs and small businesses.
Keep reading to explore the intricacies of OYO's fundraising journey and the investors backing this innovative platform.
What Is OYO?
OYO, founded by Ritesh Agarwal in 2012, is a global hospitality company headquartered in Gurgaon, Haryana, India. The company offers a comprehensive hotel booking platform designed to empower entrepreneurs and small businesses.
OYO provides full-stack technology products and services to increase revenue and ease operations for hotel and home owners. It operates a network of over 174,000 hotels and homes across 35+ countries.
With a workforce of 5001-10000 employees, OYO continues to innovate in the travel tech industry, making affordable and trusted accommodations easily accessible to customers worldwide.
How Much Funding Has OYO Raised?
- Amount Raised: $1.5B
- Date: December 2019
- Lead Investors: Ritesh Agarwal, SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance technology offerings.
- Amount Raised: ₹540M (approximately $7.3M)
- Date: January 2021
- Lead Investors: Hindustan Media Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support marketing and operational expansion.
- Amount Raised: $200M
- Date: March 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial stability and support growth initiatives.
- Amount Raised: $8M
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance business operations and expand market reach.
- Amount Raised: $5M
- Date: July 2021
- Lead Investors: Microsoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in technology and innovation.
- Amount Raised: ₹2.3B (approximately $31.2M)
- Date: January 2022
- Lead Investors: Qatar Insurance Company
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and market expansion.
- Amount Raised: ₹2B (approximately $27.1M)
- Date: March 2024
- Lead Investors: JP Morgan Chase
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance financial stability and support growth initiatives.
- Amount Raised: ₹4.2B (approximately $57M)
- Date: July 2024
- Lead Investors: Incred Wealth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and strategic initiatives.
- Amount Raised: ₹10.4B (approximately $141.4M)
- Date: August 2024
- Lead Investors: Patient Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster acquisition plans and refine strategic initiatives.
- Amount Raised: $65M
- Date: January 2025
- Lead Investors: Redsprig Innovation Partners
- Valuation at Round: $3.79B
- Motivation Behind the Round: To support global expansion, acquisition plans, and refine strategic initiatives.
OYO has raised a total of $1.8B with a current valuation of $3.79B.
Key Investors
- Redsprig Innovation Partners
- Details: Redsprig Innovation Partners is a venture capital firm led by Ritesh Agarwal, the founder of OYO. The firm focuses on supporting OYO's growth and strategic initiatives.
- Investment Focus Areas: Technology, Hospitality, Travel
- Notable Investments: OYO
- Patient Capital
- Details: Patient Capital is a Singapore-based fund also led by Ritesh Agarwal. It has been instrumental in providing significant capital infusions to OYO.
- Investment Focus Areas: Technology, Real Estate, Hospitality
- Notable Investments: OYO
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused venture capital funds globally. It is known for its substantial investments in tech startups.
- Investment Focus Areas: Technology, AI, Robotics, E-commerce, Fintech
- Notable Investments: Uber, WeWork, ByteDance
- Microsoft
- Details: Microsoft is a global technology company known for its software products, including the Windows operating system and Office suite. It also invests in various tech startups.
- Investment Focus Areas: Technology, Cloud Computing, AI, Enterprise Software
- Notable Investments: LinkedIn, GitHub, OpenAI
- Qatar Insurance Company
- Details: Qatar Insurance Company is a leading insurance provider in the Middle East, offering a range of insurance products and services.
- Investment Focus Areas: Insurance, Real Estate, Financial Services
- Notable Investments: OYO
What's Next for OYO?
OYO's future is brimming with opportunities, particularly in global expansion and strategic acquisitions. With a recent $65 million funding round, the company is well-positioned to enhance its financial stability and refine its strategic initiatives. The hospitality industry is increasingly leveraging technology to simplify travel accommodations, and OYO is at the forefront of this trend.
Future fundraising opportunities, including a potential IPO, could provide significant capital to support these ambitious plans. However, challenges such as managing acquisitions, maintaining financial stability, and navigating competitive pressures remain. OYO's ability to adapt to different market regulations and customer preferences will be crucial for its sustained growth.
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