OYO Revenue, Valuation, Funding & Investors
OYO is valued at $3.8B as of January 2025, a 5.7x multiple on its last reported $669M revenue.
Last OYO valuation
$3.8B
Undisclosed stage · Jan 2025
Last OYO funding round
$65M
Undisclosed stage · Jan 2025
OYO revenue
$669M
Undisclosed stage · Jan 2025
Key investors in OYO
Peak XV Partners
Lightspeed Venture Partners
SoftBank Group
Jaws Ventures
Incred Wealth
Microsoft
About OYO
OYO is a Gurgaon-headquartered hospitality chain operating leased hotels, guesthouses, and vacation rentals across India, Southeast Asia, Europe, and the US. It equips properties with standardized amenities, dynamic pricing tools, and a booking app serving budget travelers seeking verified accommodations in over 80 countries.
Founded
2012
HQ
GurgaonWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$669M (Jan 2025)
Valuation
$3.8B (Jan 2025)
OYO Valuation
OYO is currently valued at $3.8B, based on its undisclosed-stage round in January 2025.
The $65M round was led by Redsprig Innovation Partners.
OYO's valuation has grown 63x from $60M at its seed round in May 2014 to $3.8B in January 2025, across 16 priced rounds.
OYO valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2025 | Undisclosed stage | $3.8B | 5.7x |
| Aug 2024 | Series G | $2.4B | 4.2x |
| Jul 2024 | Series G | $2.4B | 3.8x |
| Jan 2022 | Secondary | $9.6B | 15.3x |
| Jul 2021 | Series F | $9.6B | - |
| Jan 2021 | Series F | $9B | - |
| Dec 2019 | Series F | $10B | 10.5x |
| Apr 2019 | Series E | $4.3B | 4.5x |
| Feb 2019 | Series E | $5B | 111.1x |
| Dec 2018 | Series E | $5B | 113.6x |
| Sep 2018 | Series E | $5B | 5.3x |
| Sep 2017 | Series D | $885M | 68.1x |
| Aug 2016 | Series C | $460M | - |
| Jul 2015 | Series B | $400M | - |
| Feb 2015 | Series A | $100M | - |
| May 2014 | Seed | $60M | - |
OYO Revenue
OYO's latest recorded revenue is $669M, as of its undisclosed-stage round in January 2025. At a $3.8B valuation, that implies a 5.7x revenue multiple.
Revenue grew from $13M in September 2017 to $669M in January 2025, while the revenue multiple moved from 68.1x to 5.7x.
OYO revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2025 | $669M | $3.8B | 5.7x | Undisclosed stage |
| Aug 2024 | $577M | $2.4B | 4.2x | Series G |
| Jul 2024 | $621M | $2.4B | 3.8x | Series G |
| Jan 2022 | $629M | $9.6B | 15.3x | Secondary |
| Dec 2019 | $951M | $10B | 10.5x | Series F |
| Apr 2019 | $951M | $4.3B | 4.5x | Series E |
| Feb 2019 | $45M | $5B | 111.1x | Series E |
| Dec 2018 | $44M | $5B | 113.6x | Series E |
| Sep 2018 | $951M | $5B | 5.3x | Series E |
| Sep 2017 | $13M | $885M | 68.1x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
OYO Funding History
OYO has raised a total of $3.3B across 15 funding rounds, plus 2 secondary share sales.
OYO's first fundraising round was a $700K seed round in May 2014. The most recent completed round was a $65M undisclosed-stage round in January 2025.
OYO funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Undisclosed stage | Redsprig Innovation Partners (lead) | $65M | $3.8B | OYO (Oravel Stays Private Limited) is an Indian hospitality company offering budget-friendly accommodations and property management services to travelers and tourists. Founded in 2012 by Ritesh Agarwal, the company operates a network of hotels, homes, and rental properties across multiple countries. On January 5-6, 2025, OYO raised INR 550 crore (approximately USD 65 million) in a funding round led by Redsprig Innovation Partners, the Singapore-based investment firm owned by founder Ritesh Agarwal. The round valued the company at USD 3.79 billion post-money, representing a 59.2% increase from its previous Series G round valuation. This funding was aimed at supporting global expansion, acquisition plans, and refinement of strategic initiatives, with a reported dilution of 1.728% to OYO's total equity. For fiscal year 2025 (ended March 2025), OYO reported revenue of INR 6,253 crore, up 16% year-over-year from INR 5,389 crore in FY2024. The company achieved net profit of INR 272 crore (up 24% YoY from INR 220 crore) and adjusted EBITDA of INR 1,047 crore (up 48% YoY), demonstrating strong margin improvement and operating leverage. Earnings per share reached INR 0.93, up 22% from INR 0.76 in the prior year. Following this January 2025 round, OYO is reportedly preparing to refile its draft red herring prospectus (DRHP) for an IPO, with discussions with bankers targeting a potential public listing valuation of USD 5 billion. The company's ownership structure shows SoftBank holding a 40% stake while Ritesh Agarwal owns approximately 30%. |
| Aug 2024 | Series G | Patient Capital (lead); Dr Ritesh Malik; Ask Group; Gauri Khan; Incred Wealth; Madhuri Dixit-Nene; Anmol Sood; Amrita Rao; Dr. Shriram Nene; J&A Partners | $124M | $2.4B | OYO, the Gurugram-headquartered budget hotel chain operator, raised $173.5 million (INR 10.4 billion) in an August 2024 Series G funding round primarily from Patient Capital (led by founder Ritesh Agarwal), InCred Wealth, and J&A Partners, marking a significant valuation drop to $2.4 billion from a peak of $10 billion. This valuation, confirmed by multiple sources, now sits below the company's total capital raised of approximately $3.3 billion in equity and debt. The round follows OYO's withdrawal of its IPO prospectus in May 2024 and aligns with investor participation including Amrita Rao, Anmol Sood, Ask Group, Dr Ritesh Malik, Dr. Shriram Nene, Gauri Khan, and Madhuri Dixit-Nene. Financially, OYO reported operating revenue of Rs 53.89 billion for fiscal 2024 (year ended March 31, 2024), a 1.4% year-over-year decline, yet achieved profitability with Rs 2.23 billion profit, reversing a Rs 12.87 billion loss from the prior year. The funding supports growth, strategic initiatives, global expansion, and acquisition plans amid ongoing challenges like service quality criticisms and post-COVID recovery in travel. OYO's backers include SoftBank, Airbnb, Peak XV Partners, Microsoft, and Lightspeed Venture Partners, with Agarwal previously committing $1.5 billion at $10 billion valuation in 2019. The company has pursued IPOs multiple times, initially targeting $12 billion in 2021 and later eyeing $7-8 billion in 2025 plans, reflecting persistent efforts to stabilize and go public. |
| Jul 2024 | Series G | Incred Wealth (lead) | $50M | $2.4B | OYO, a global hospitality platform offering standardized budget hotels and vacation rentals, achieved its first profitable fiscal year in FY24 (ending March 2024) with a net profit of Rs 100 crore ($12 million), marking a turnaround from a Rs 1,287 crore loss in FY23. Revenue for FY24 was estimated at around $700 million (Rs 5,800 crore), up slightly from Rs 5,464 crore in operations revenue the prior year, driven by accommodation services ($412 million, 63.8%), commissions and booking fees ($161 million, 25%), and other streams like tours and cancellations. The company focused on cost reductions, improved unit economics, and shifting to revenue-sharing with hotel partners instead of minimum guarantees. Broader context shows OYO discussing fresh fundraising in May 2024 at a $2.3 billion valuation (down 74% from $9 billion peak), with a June 2024 round of $175 million (including $100 million from founder Ritesh Agarwal) implying a $2.5 billion valuation. A late 2024 secondary sale reportedly valued OYO at $3.9 billion amid improving finances. Post-round traction included strong Q2 FY25 (Jul-Sep 2024) results with Rs 1,578 crore revenue and Rs 158 crore profit after tax, contributing to H1 FY25 net profit of Rs 290 crore ($35 million) versus prior loss. OYO projects FY25 operating income over $800 million, with Q4 FY25 revenue at $250 million (60% YoY growth), boosted by the $525 million acquisition of G6 Hospitality (Motel 6) adding $33 million in its first quarter. The platform operates worldwide, with UK revenue up 15% in 2024. |
| Jan 2022 | Secondary | Qatar Insurance Group (lead) | $31M | $9.6B | OYO is a hospitality platform founded in 2012 that aggregates and manages budget hotels and vacation homes. In January 2022, Qatar Insurance Group led a pre-IPO secondary transaction, acquiring shares worth INR 2.3 billion (approximately $30.9 million) alongside HNIs and family offices from Middle East, primarily for employee ESOP liquidity at a $9.6 billion valuation. This secondary sale occurred two weeks before OYO's planned $1.2 billion IPO targeting March 2022, with discussions for anchor investors ongoing at the same valuation. OYO had previously raised significant capital, including a $1.5 billion Series F round in December 2019 led by SoftBank. For FY22 (ending March 2022), OYO reported revenue of $629 million, with projections for FY23 revenue at $751 million. The company was navigating market challenges but remained focused on listing amid tech stock volatility. |
| Jul 2021 | Series F | Microsoft (lead); Pario Ventures | $5M | $9.6B | OYO, an Indian budget hotel chain and hospitality firm, raised $5 million from Microsoft in a strategic investment round in July 2021. The investment valued OYO at $9.6 billion post-money, slightly below its previous $10 billion implied valuation from 2019, amid recovery efforts following pandemic-related setbacks. Microsoft received equity shares and Series F2 compulsory convertible cumulative preference shares at a price equivalent to $58,490 per share. This funding came shortly after OYO secured $660 million in debt financing from institutional investors including Fidelity, Citadel, and Varde Partners to retire existing debts and support operations. OYO, backed by investors like SoftBank, Airbnb, Didi Chuxing, and Grab, operates over 100,000 hotel partners across 80 countries, with expansions into Southeast Asia, Europe, and the U.S. The company reported $780-800 million in cash reserves and reduced its monthly burn to $4-5 million. OYO was preparing for an IPO later in 2021, focusing on COVID recovery, market conditions, and internal readiness as stated by CFO Abhishek Gupta. The Microsoft deal potentially involved shifting to Microsoft's cloud services, marking Microsoft's continued investments in Indian startups like Flipkart and DailyHunt. |
| Jul 2021 | Secondary | Red Lions Capital | $8M | - | - |
| Jan 2021 | Series F | Hindustan Media Ventures (lead) | $7M | $9B | OYO, a Gurugram-headquartered hospitality company operating an asset-light chain of hotels and vacation homes, raised INR 54 Cr ($7.4 million) from Hindustan Media Ventures in its Series F1 funding round in January 2021. The investment propelled OYO's post-money valuation above $9 Bn, rebounding from $8 Bn the prior year after a previous peak of $10 Bn in November 2019. Hindustan Media Ventures subscribed to 125 Series F1 Compulsory Convertible Cumulative Preference Shares at Rs 43.2 lakh each via private placement. OYO planned to deploy the capital to bolster its technology stack, enhancing partner and customer experiences. The company operated over 43,000 hotels and 1.5 lakh homes across 800 cities in 80 countries, including the US, UK, India, Middle East, Southeast Asia, and Japan. OYO reported $1 Bn in cash and equivalents in January 2021, following SoftBank Vision Fund's CEO noting pre-2021 monthly revenue of $25-30 Mn and break-even achievement with burn reduced to $30 Mn monthly. |
| Dec 2019 | Series F | Ritesh Agarwal (lead); SoftBank Group (lead) | $1.5B | $10B | OYO Hotels & Homes is a budget-hotel chain and hospitality platform founded by Ritesh Agarwal, backed by SoftBank. The company reported revenue of $951 million for fiscal year 2019 (ending March 31, 2019), representing 4.5x year-on-year growth from $211 million in FY2018. However, the company posted a consolidated net loss of $335 million in FY2019, up from $52 million in FY2018, primarily driven by aggressive international expansion into China and other markets. India contributed $604 million (63.5%) of global revenue and showed improving unit economics with losses falling to 14% of revenue from 24% a year earlier. |
| Apr 2019 | Series E | Airbnb (lead) | $75M | $4.3B | OYO Hotels & Homes, an Indian hospitality chain that standardizes budget hotels and homes for travelers, secured Airbnb's investment as part of its Series E equity financing round that began in September 2018. Airbnb led a portion estimated at $150-200 million within the larger Series E, which valued the company at a little over $5 billion. This followed SoftBank's $800 million lead in the same round, with participation from Lightspeed Ventures, Sequoia Capital, and Greenoaks Capital, bringing OYO's total funding to around $1.5 billion at that point. The Airbnb investment highlighted strategic synergies, with both parties exploring collaborations such as listing OYO accommodations on Airbnb's platform. Airbnb, then valued at $31 billion and preparing for an IPO, aimed to deepen its presence in India, one of its fastest-growing markets with about 45,000 listings. OYO's global chief strategy officer noted Airbnb's footprints would strengthen OYO's growth opportunities. The deal positioned OYO amid aggressive expansion in Asia's third-largest economy, evolving toward an end-to-end travel platform. Subsequent rounds saw OYO's valuation peak at $10 billion in late 2019 before declining due to market challenges. |
| Feb 2019 | Series E | DiDi (lead) | $100M | $5B | OYO, a budget hospitality chain founded by Ritesh Agarwal, raised $100 million from Didi Chuxing via its entity Star Virtue Investment in February 2019, closing a $1 billion funding round that began in September 2018 with $800 million led by SoftBank Vision Fund and participation from Lightspeed Venture Partners, Sequoia Capital, Greenoaks Capital, and later $100 million from Grab in December 2018. The round valued OYO at $5 billion post-money, with SoftBank holding around 42% stake. The fresh capital, including $600 million earmarked for China operations under OYO Jiudian (present in 280 cities with over 5,000 hotels and 260,000 rooms), also supported India operations, hiring, and expansion into Southeast Asia and the UK. OYO operates on a franchise model, standardizing budget hotels, mid-scale properties, and luxury resorts under Palette, while expanding into long-term rentals via OYO Living starting at Rs 7,999. For FY2018 (ended March 31, 2018), OYO reported operating revenues of Rs 416 crore, up threefold from Rs 120 crore in FY2017, driven by commissions and service fees from hotel bookings; net losses rose marginally to Rs 360 crore. The company projected nearly Rs 1,500 crore revenue for the current financial year at the time. This Didi investment built on a 2017 partnership for OYO's China entry, with both firms planning mutual market penetration. JPMorgan advised the Didi transaction. OYO's international push positioned China as its second home market after India, amid aggressive global growth. |
| Dec 2018 | Series E | Grab (lead) | $100M | $5B | OYO, an India-based budget hotel chain, received a $100 million investment from Singaporean ride-hailing firm Grab in December 2018 through its subsidiary A1 Holdings Inc., as part of an ongoing $1 billion Series E funding round initially led by SoftBank’s Vision Fund with $800 million raised in September and commitments for more. This brought the total raised in the round to around $900 million at that point, with the final $100 million tranche expected by year-end. Grab's investment aligns with OYO's expansion into Southeast Asia, including Malaysia and Indonesia, where OYO aimed to scale alongside allocating funds to China, India, and the U.K. The deal supports strategic synergies, particularly integrating GrabPay as a preferred payment method for OYO hotels in the region to boost Grab's super app ambitions amid competition with Go-Jek. OYO operated over 10,000 franchised or leased hotels across 350 cities in five countries, primarily India and China, where it offered 87,000 rooms in 171 cities after launching in June 2018. SoftBank, a key backer of both companies, facilitated portfolio synergies to accelerate growth in Southeast Asia's budget travel sector. OYO was valued at $5 billion at the time of Grab's investment, while Grab stood at over $10 billion. The investment reflects OYO's aggressive international push beyond India and China, leveraging partnerships to capture Southeast Asia's growing internet economy, especially in budget accommodations and payments. |
| Sep 2018 | Series E | SoftBank Group (lead); Lightspeed Venture Partners; Peak XV Partners | $800M | $5B | OYO is a hospitality company that aggregates budget hotels and standardized accommodations online, founded by Ritesh Agarwal. The company reported consolidated revenue of $951 million for fiscal year 2018-19 (ended March 31, 2019), representing a fourfold increase from $211 million in the prior fiscal year. During this period, OYO expanded internationally beyond India into markets including China and Southeast Asia, though losses also widened to $335 million (35% of revenue) in FY19 from $52 million in FY18 due to investments in new markets and infrastructure. |
| Sep 2017 | Series D | SoftBank Group (lead); Jaws Ventures; Hero Enterprise; Huazhu Hotels Group; Lightspeed Venture Partners; Peak XV Partners | $260M | $885M | OYO Rooms, an Indian hospitality company, operates a chain of leased and franchised hotels offering standardized budget accommodations. In FY 2017 (ending March 2017), OYO India reported operating revenue of Rs 120 crore, growing 3.5x to Rs 416 crore in FY 2018 driven by increased room supply, doubled stayed room nights, and margin expansion. The company improved economics with losses as a percentage of realized value dropping from 44.5% in FY17 to 20.3% in FY18, projecting further reductions to 10.4% in FY19. OYO maintained over 93% demand through its own channels and saw 73% repeat customer revenue in Q4 2018, emphasizing low OTA dependence and operational efficiency. OYO focused on technology investments, team building, and expansion into new categories despite ongoing losses, with net loss of INR 360 crore in FY18. The business model generated double-digit positive contribution margins with high operating leverage. Later financials show continued growth, with FY19 revenue at 6,329 crore but losses of 2,364 crore, scaling to FY24 revenue of 5,388 crore and first profit of 229 crore. Recent 2024 valuation at $2.5B reflects a downturn from 2019 peak of $10B. |
| Aug 2016 | Series C | SoftBank Group (lead); Lightspeed India Partners; Peak XV Partners | $90M | $460M | - |
| Jul 2015 | Series B | SoftBank Group (lead); Jaws Ventures; Lightspeed Venture Partners; Peak XV Partners | $100M | $400M | OYO Rooms, founded in 2012 by Ritesh Agarwal, operates as a branded network of hotels in India, partnering with hotels to standardize services and offer affordable accommodations. By FY 2014-15, it had expanded to 10 cities with 200 hotels, achieving a turnover of INR 2.4 crore, up 400% from INR 51 lakh the prior year. This growth positioned OYO as one of India's fastest-growing startups in the hospitality sector, disrupting traditional lodging with its model amid competition from players like Zo Rooms. In FY 2014-15, Oravel Stays Private Limited, OYO's operating entity, reported these financials per Ministry of Corporate Affairs documents. The company was in an early exponential expansion phase, with significant funding activity following in FY15-16, including a SoftBank-led round in August 2015. OYO focused on rapid scaling over profitability in its early years, leveraging investor backing from firms like SoftBank to fuel growth. By mid-2015, it claimed presence across 152 cities with over 3,000 hotels. The hospitality market in India saw intense competition, with OYO differentiating through standardization and volume. Post-2015, OYO pursued aggressive international expansion, but early traction was India-centric with modest revenue reflecting nascent operations before hypergrowth kicked in. |
| Feb 2015 | Series A | Greenoaks (lead); Peak XV Partners (lead); Lightspeed Venture Partners; DSG Consumer Partners | $25M | $100M | OYO Rooms, founded in 2012 by Ritesh Agarwal, operates as a branded network of hotels in India, partnering with hotels to standardize services and branding. By early 2015, it had expanded to 10 cities with around 200 hotels. In FY 2014-15 (April 2014 to March 2015), Oravel Stays Private Limited, the entity owning and operating OYO Rooms, reported turnover of INR 2.4 crores, marking a 400% growth from INR 51 lakhs in the prior fiscal year. This period aligns closely with the queried funding round in January 2015 involving investors DSG Consumer Partners, Greenoaks, Lightspeed Venture Partners, and Peak XV Partners (then Sequoia India), led by Greenoaks and Peak XV. The company experienced rapid expansion post this round, with significant growth in FY15-16 accompanied by additional funding, including a major SoftBank-led round in August 2015. OYO disrupted India's hospitality sector by scaling a network of affordable, standardized hotels amid competition from players like Zo Rooms. Early traction was evident in its revenue growth and city/hotel expansion. Subsequent years saw OYO's revenue scale dramatically—to INR 6,329 crores by FY2019—but with mounting losses, reflecting aggressive growth over profitability. OYO continued multiple funding rounds later, peaking at $10 billion valuation in 2019 before adjustments. |
| May 2014 | Seed | Arjun Sethi; Lightspeed Venture Partners; Peak XV Partners | $700K | $60M | - |
Who has invested in OYO?
30 investors have backed OYO across its funding rounds, including Peak XV Partners, Lightspeed Venture Partners, SoftBank Group, Jaws Ventures, Incred Wealth and Microsoft.
Lead investors include Redsprig Innovation Partners, Patient Capital, Incred Wealth, Qatar Insurance Group, Microsoft and 8 other investors.
OYO Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Bangalore | 6 | Lead | May 2014 | |
 Tokyo | 5 | Lead | Jul 2015 | |
 San Francisco, CA | 5 | Participant | May 2014 | |
| Miami, FL | 2 | Participant | Jul 2015 | |
| Mumbai | 2 | Lead | Jul 2024 | |
| San Francisco, CA | 1 | Lead | Feb 2015 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Ritesh Agarwal | India | 1 | Lead | Dec 2019 |
| New Delhi | 1 | Lead | Jan 2021 | |
| Seattle, WA | 1 | Lead | Jul 2021 | |
| Delhi | 1 | Participant | Aug 2024 | |
| Mumbai | 1 | Participant | Aug 2024 | |
| United States | 1 | Lead | Apr 2019 | |
| Gauri Khan | Mumbai | 1 | Participant | Aug 2024 |
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Start Free TrialAcquisitions by OYO
OYO has acquired 13 companies to date.
Last acquisition by OYO was on August 4th 2025. OYO acquired MadeComfy for $50M.
Latest Acquisitions by OYO
| Description | MadeComfy is a Melbourne-headquartered platform managing short-term rentals for property owners and guests worldwide. The service oversees listings in Australia, New Zealand, and Southeast Asia, winning awards including Shortyz in 2020 and 2021, Startcon Best Startup 2018, and AFR BOSS recognition in 2022. MadeComfy standardizes experiences with professional cleaning, guest support, and revenue optimization tools. | - | Studio 6 is an extended-stay hotel chain with over 100 properties across the United States and Canada. Each location features fully equipped kitchens, separate living areas, free Wi-Fi, and weekly housekeeping at rates starting under $70 per night. Owned by G6 Hospitality, it caters to business travelers and relocating families with on-site laundry and pet-friendly options. | G6 Hospitality is a Carrollton, Texas-headquartered franchisor owning Motel 6 and Studio 6 brands with 1,400 economy hotels across North America. Acquired by Blackstone in 2012 and sold to G6 in 2021, it reported top 10 ranking in Hotel Management's 2015 list. G6 manages franchising, marketing, and revenue strategies for 140,000 rooms, focusing on clean, affordable stays for budget travelers. | |
| HQ Country |  | | | | |
| HQ City | Sydney | - | Dallas, TX | Dallas, TX | |
| Deal Date | 4 Aug 2025 | 21 Sep 2024 | 21 Sep 2024 | 21 Sep 2024 | |
| Valuation | $50M | $525M | undisclosed | $525M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Investments by OYO
OYO has invested in 1 company to date.
Latest investment by OYO was on October 30th 2018. OYO invested in OYO LIFE in their $3B Undisclosed stage round.
Latest Investments by OYO
| Description | OYO LIFE is a Tokyo-based serviced accommodation provider offering furnished apartments, shared houses, and coliving spaces for urban professionals in Japan. It streamlines rentals with app-based bookings, eliminating key money and guarantor requirements traditional to Japanese leases, with properties in Tokyo, Osaka, and Fukuoka. |
| HQ Country | |
| HQ City | Tokyo |
| Deal Date | 30 Oct 2018 |
| Round | Undisclosed stage |
| Raised | $3B |
| Investors | Z Holdings |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all OYO investments and their VC round multiples. Start Free Trial | |
OYO Competitors
OYO competitors include listed companies like Travel+Leisure, MakeMyTrip and Trip.com, and private ones like BlaBlaCar, GetYourGuide and Carro.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $4B | $684M | $3.9B | 2.3x | |
| India | Publicly listed | $1B | $171M | $4.5B | 4.5x | |
 Paris | Private | $291M | - | $2B | 6.9x | |
 Berlin | Private | - | - | $2B | - | |
 China | Publicly listed | $9.3B | $5.7B | $25B | 1.8x | |
 Singapore | Private | $936M | $34M | $3.8B | - |
OYO Public Comps
OYO is still privately-owned, but its public comps include Mercari, Inchcape, Travel+Leisure, Openlane, Tongcheng Travel, MakeMyTrip, Seek, Rasan, Goto Gojek Tokopedia and Kakaku.com.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $282M | 2.4x | 2.4x | 12.7x | 11.7x | |||
| $12B | $867M | 0.4x | 0.4x | 5.4x | 5.0x | |||
| $4B | $684M | 2.3x | 2.3x | 13.6x | 8.9x | |||
| $1.9B | $302M | 2.4x | 2.2x | 15.2x | 12.2x | |||
| $2.9B | $659M | 0.7x | 0.7x | 3.0x | 2.6x | |||
| $1B | $171M | 5.0x | 4.5x | 30.3x | 25.7x | |||
| $914M | ($63M) | 4.2x | 4.5x | (61.7x) | 10.2x | |||
| $174M | $73M | 16.1x | 11.0x | 38.6x | 25.9x | |||
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Common questions about OYO
| When was OYO founded? | OYO was founded in 2012. |
| Where is OYO headquartered? | OYO is headquartered in Gurgaon, India. |
| Is OYO publicly listed? | No, OYO is a private, VC-backed company. |
| What is OYO's valuation? | OYO was last valued at $3.8B in its undisclosed-stage round in January 2025. |
| How much funding has OYO raised? | OYO has raised $3.3B across 15 funding rounds. |
| What was OYO's last funding round? | OYO's last funding round was a $65M undisclosed-stage round in January 2025, led by Redsprig Innovation Partners. |
| Who are OYO's investors? | OYO's investors include Peak XV Partners, SoftBank Group, Lightspeed Venture Partners, Jaws Ventures, Incred Wealth, Greenoaks, Ritesh Agarwal, Hindustan Media Ventures, Microsoft, Dr Ritesh Malik and 20 others. |
| What is OYO's revenue? | OYO's latest recorded revenue is $669M (January 2025). |
| What is OYO's revenue multiple? | OYO's latest valuation implies a 5.7x revenue multiple ($3.8B valuation on $669M of revenue). |
| Which companies are comparable to OYO? | Companies comparable to OYO include Travel+Leisure, MakeMyTrip, BlaBlaCar, GetYourGuide, Trip.com and Carro. |
| How many companies has OYO acquired? | OYO has acquired 13 companies, including MadeComfy, Motel 6, Studio 6, G6 Hospitality and Checkmyguest. |
| What was the largest acquisition by OYO? | The $525M acquisition of Motel 6 in September 2024 is the largest acquisition OYO has made to date. |
| How many companies has OYO invested in? | OYO has invested in 1 company, including OYO LIFE. |
| What was OYO's last investment? | In October 2018, OYO invested in OYO LIFE's $3B undisclosed-stage round alongside Z Holdings. |
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