About OYO (Oravel Stays) Unlisted Shares
A Comprehensive Overview of Price & Journey
Understanding OYO (Oravel Stays) Unlisted Shares Inception and Growth
Company Overview
OYO Hotels & Homes is a travel tech platform founded by Ritesh Agarwal in 2013. This platform helps its customers provide comfortable stays at affordable prices. It collaborates with hotels, guest houses, and homeowners to enhance their services and satisfy their customers. OYO’s app is the 5th most downloaded app globally. It is in more than 35 countries and has over 175k hotels & vacation homes globally. The company is consistently increasing its presence in other countries.
Starting from just 1 hotel in 2013 in Gurgaon, today, Oyo Rooms is now available in more than 800 cities, with more than 23,000 hotels, 10,00,000 rooms, and 46,000 vacation homes, across more than 80 including India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more.
OYO Rooms hires more than 17,000 employees across the globe, including 8,000 employees in India and South Asia. Some of the world’s leading investors, including Sequoia Capital, Airbnb, Grab, Hero Enterprise, Softbank Vision Fund, and Light Speed Ventures, have invested in the company.
OYO Hotels & Homes is a travel tech platform founded by Ritesh Agarwal in 2013. This platform helps in providing comfortable stays at affordable prices to its customers. It collaborates with hotels, guest houses, and homeowners to enhance their services and satisfy their customers. OYO’s app is the 5th most downloaded app globally. It is in more than 35 countries and has over 175k hotels & vacation homes globally. The company is consistently increasing its presence in other countries.
In September, 2021, the company gone for 1:10 face value split of all of its equity and preference shares and then allotted 3,999 bonus shares for each equity share held, and the company changed the conversion ratio of preference shares to equity shares from 1:1 to 1: 4000 (issuance of 4000 new equity shares for each 1 share of preference shares held).
In June 2024, INR 1000 crore was raised by OYO from Indian family offices and investors, which aims to value OYO at $ 2.5 billion, marking a significant decrease from its peak valuation of $9 billion in 2021.
It maintains 95% of its storefronts in key markets like India, Europe, Malaysia, and Indonesia, scaling back its presence in the US and China. It plans to boost revenue from $657 million in FY24 to $957 million in FY25.
In FY24, there is an increase in demand and improved market sentiment, the company added several new hotels. As a result, its inventory grew from 12,938 hotels as on 31st March 2023 to 18,103 as on 31st March 2024.
The basis of OYO’s business strategy is to provide stay to travellers and other people all over the world with standard and reasonably priced accommodations. They collaborate with hotels, guest houses, and homeowners, offering them technological solutions to enhance their services.
OYO receives income through several sources, including commissions from well-established hotels, booking fees collected from customers, and extra services like food delivery and vacation packages.
By using technology, OYO provides very easy online booking, which also improves the booking experience for users. Property owners may catch a larger consumer base and profit from OYO’s well-known brand. Because of its focus on quality control, price, and customer satisfaction, OYO has rapidly expanded and grown to become a major player in the hotel sector.
OYO, a unicorn gearing up for its IPO, disclosed its inaugural net profit of ?229 crore for the financial year ending in March, according to its most recent annual report.
It is the Fifth most downloaded app globally with 132 million app downloads. It has 70%+ direct global demand with more than 16.4 million Wizard Memberships - Distinct leadership in travel loyalty program.
Revenue Sources:
Revenue Share from Patrons:
Earnings of around 20% to 35% of the Gross Booking Value (GBV) come from Patrons in exchange for providing technology, branding, and demand generation.
Subscription Fees:
Properties can be listed by receiving a fixed fee from Patrons, offering them flexibility while leveraging OYO’s platform.
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