Total amount raised
$3.6 Billion
Latest funding date
1/1/2025
Location
OYO has successfully raised funding over 22 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 40 investors, including Redsprig Innovation Partners and Patient Capital.
OYO has also made significant acquisitions, including MadeComfy and G6 Hospitality. Keep reading to explore the intricacies of OYO's fundraising journey and the investors backing this innovative platform.
What Is OYO?
OYO, founded in 2013, is a global hospitality company headquartered in Gurgaon, Haryana, India. The company operates in the hospitality, PropTech, travel, and travel accommodations industries.
With over 10,001 employees, OYO offers a hotel booking platform for entrepreneurs and small businesses. The company has a significant presence worldwide, providing services for individual travelers and corporate clients across 35+ countries.
OYO was founded by Ritesh Agarwal and has grown to include an extensive network of over 174,000 hotels and homes. The company emphasizes customer convenience with features like free cancellation, pay at the hotel, and exclusive membership discounts.
How Much Funding Has OYO Raised?
- Round Name: Series F
- Amount Raised: USD 1,500,000,000
- Date: December 2019
- Lead Investors: Ritesh Agarwal, SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and technological advancements.
- Round Name: Series F
- Amount Raised: INR 540,000,000
- Date: January 2021
- Lead Investors: Hindustan Media Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance business strategies and support growth.
- Round Name: Debt Financing
- Amount Raised: USD 200,000,000
- Date: March 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and expansion plans.
- Round Name: Secondary Market
- Amount Raised: USD 8,000,000
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Series F
- Amount Raised: USD 5,000,000
- Date: July 2021
- Lead Investors: Microsoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and strategic initiatives.
- Round Name: Secondary Market
- Amount Raised: INR 2,300,000,000
- Date: January 2022
- Lead Investors: Qatar Insurance Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Round Name: Debt Financing
- Amount Raised: INR 2,000,000,000
- Date: March 2024
- Lead Investors: JP Morgan Chase
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and expansion plans.
- Round Name: Series G
- Amount Raised: INR 4,168,500,000
- Date: July 2024
- Lead Investors: Incred Wealth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and strategic initiatives.
- Round Name: Series G
- Amount Raised: INR 10,400,000,000
- Date: August 2024
- Lead Investors: Patient Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and acquisition plans.
- Round Name: Series Unknown
- Amount Raised: USD 65,000,000
- Date: January 2025
- Lead Investors: Redsprig Innovation Partners
- Valuation at Round: USD 3,790,000,000
- Motivation Behind the Round: To support global expansion, acquisition plans, and refine strategic initiatives.
Total Amount Raised: USD 2,028,000,000
Current Valuation: USD 3,790,000,000
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: Hospitality, PropTech, Travel
- Notable Investments: OYO
- Patient Capital
- Details: Patient Capital is a Singapore-based fund led by Ritesh Agarwal. The fund has been instrumental in providing significant capital infusions to OYO.
- Investment Focus Areas: Hospitality, PropTech, Travel
- Notable Investments: OYO
- Incred Wealth
- Details: Incred Wealth is a financial services firm that focuses on wealth management and investment advisory. They have been involved in funding rounds for OYO.
- Investment Focus Areas: Financial Services, Wealth Management, Investment Advisory
- Notable Investments: OYO
- JP Morgan Chase
- Details: JP Morgan Chase is a global financial services firm offering investment banking, financial services, and asset management. They have participated in debt financing rounds for OYO.
- Investment Focus Areas: Financial Services, Investment Banking, Asset Management
- Notable Investments: OYO
- Qatar Insurance Group
- Details: Qatar Insurance Group is a leading insurance company in the Middle East, providing a range of insurance products and services. They have invested in OYO through secondary market transactions.
- Investment Focus Areas: Insurance, Financial Services, Risk Management
- Notable Investments: OYO
What's Next for OYO?
OYO's future looks promising with significant opportunities for global expansion and acquisitions. The recent $65 million funding round has bolstered its financial stability, setting the stage for further growth. The company is poised to leverage industry trends such as the increasing use of technology in travel accommodations and the standardization of budget and premium segments.
Future fundraising opportunities are likely, with a potential IPO on the horizon. This could provide substantial capital to support OYO's ambitious plans. However, challenges remain, including maintaining profitability while expanding and integrating acquisitions effectively. Competing with established global hospitality brands and adapting to diverse market conditions will also be critical.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like OYO and gather other critical business insights. Sign up for free to enhance your sales strategies and stay ahead in the competitive market.
