Entrackr- Successful Entrepreneurs Stories (1)

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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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