Entrackr- Successful Entrepreneurs Stories

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Entrackr- Successful Entrepreneurs Stories

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Who would have imagined that a hotel aggregator startup by a young college dropout could become a success that will blossom globally? In this segment of Successful Entrepreneurs Stories, get to know what factors led to the triumph of OYO, in detail – PowerPoint PPT presentation

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Updated: 8 February 2020
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Title: Entrackr- Successful Entrepreneurs Stories


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What Made Oyo India's Most Enterprising Startup?
  • No one would have ever thought that a hotel
    aggregator business started by a dropout could
    turn out to be such a success, not just in India
    but globally. A lot has been spoken and printed
    in Business News about Oyo rooms in the past few
    years, be it the dynamic extension, procuring,
    funding and more. However, the prior year has
    been a historic landmark for Ritesh Agarwals
    business empire.
  • The voyage that began from one grimy hotel has
    now achieved its 100th townhouse resort and more
    so, has ideas to crossover the assisted-living
    centers or retirement houses, for senior
    civilians in the future. According to the
    reports, the accommodation giant is planning to
    venture into space by its real estate enterprise
    arm named as Oyo Living.

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Business News
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Lets look at some of the factors that saved
Ritesh Agarwal a huge spot in the list
of Successful Entrepreneurs Stories -
  • 1.    Extending Global Footprint
  • The discussion around Oyos global extension had
    just started when Japanese investor SoftBank
    financed around 1 billion in its cooperation,
    boosting its plan to go global. According to
    business news, the Indian unicorn amassed 800
    million from SoftBank and 200 million from
    Lightspeed Venture Partners, Sequoia and
    Greenoaks Capital. 
  • Within six to seven years, the Gurgaon located
    lodge chain had over 815,000 rooms in around 10
    countries - India, Japan, Nepal, the United
    Kingdom, the Philippines, the UAE, Saudi Arabia,
    Malaysia, Indonesia, and where the expansion
    started, China.

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  • 2.    Beyond Hospitality
  • After a frolic of international expansions, Oyo
    invested in other forms of habilitation through
    various ventures. The accommodation company
    ventured into co-living rental sites with OYO
    Living in October 2018. Targeted to gen X and
    young experts, the venture started with hosting
    properties in Noida, Gurgaon, Bangalore, and
    Pune.
  • 3.    Entry in Co-living
  • After succeeding in co-living, co-working was the
    subsequent spot for this Indian firm that took
    over Gurugram-based startup Innov8 in an all-cash
    venture worth around 31.84 million. It turned
    out to be major Business News in the commerce
    industry. OYO also renewed the presence of
    intermediate to ration category co-working
    startups, Workflow and PowerStation.

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