OYO joined the Unicorn Club on April 15, 2020. Founded in 2012, the company is headquartered in Gurugram, Haryana, India. OYO operates an online travel and hospitality platform offering hotel rooms, vacation homes, and living spaces across categories such as townhouses, resorts, and corporate stays.
The platform enables customers to book accommodations with flexible options including free cancellation and quick check in, while allowing property owners to list, manage, and optimize their properties digitally.
Keep reading to learn how OYO became one of the world’s largest hospitality technology companies.
What Is OYO and What Does It Do?
OYO is an online travel and hospitality platform that connects travelers with hotels, vacation homes, and long term living spaces. The platform supports end to end booking by allowing users to select destinations, dates, room types, and payment options.
For accommodation owners, OYO provides tools to list properties, manage pricing, improve occupancy, and standardize service quality. Its technology driven model focuses on affordability, operational efficiency, and scalable hospitality management across global markets.
How Much Funding Has OYO Raised?
1. Seed Round
- Amount Raised: $0.7 million
- Date: 2014
- Lead Investors: Early stage angel investors
- Purpose: Validate hospitality marketplace concept and launch initial operations
2. Series A Round
- Amount Raised: $25 million
- Date: 2014
- Lead Investors: Lightspeed Venture Partners
- Purpose: Expand presence across Indian cities and onboard hotel partners
3. Series B Round
- Amount Raised: $100 million
- Date: 2015
- Lead Investors: Lightspeed Venture Partners
- Purpose: Scale technology platform and enhance customer experience
4. Series C Round
- Amount Raised: $61.7 million
- Date: 2016
- Lead Investors: SoftBank
- Purpose: Accelerate growth and strengthen supply side operations
5. Series D Round
- Amount Raised: $260 million
- Date: 2017
- Lead Investors: SoftBank Vision Fund
- Purpose: Expand internationally and grow brand presence
6. Series E Round
- Amount Raised: $1 billion
- Date: 2018
- Lead Investors: SoftBank Vision Fund
- Purpose: Support global expansion and strategic acquisitions
7. Series F Round
- Amount Raised: $1.5 billion
- Date: 2019
- Lead Investors: SoftBank Vision Fund
- Purpose: Strengthen technology infrastructure and improve operational efficiency
8. Series G Round
- Amount Raised: $58.9 million
- Date: December 2024
- Valuation: ₹36,000 crore
- Lead Investors: Undisclosed
- Purpose: Strengthen balance sheet and support core hospitality operations
9. Debt Financing
- Amount Raised: Approximately $660 million
- Date: 2021
- Type: Conventional and institutional debt
- Purpose: Improve liquidity and refinance existing obligations
Total Funding Raised: $3.47 billion Latest Funding Date: December 2024 Latest Known Valuation: ₹36,000 crore Employee Count: 1,557 as of July 2025
Key Investors
- SoftBank Vision Fund
- Details: Global technology focused investment fund
- Focus Areas: Internet platforms, AI, mobility, and consumer technology
- Fidelity Investments
- Details: Institutional investment and asset management firm
- Focus Areas: Growth equity and long term technology investments
Where Is OYO’s Headquarters?
OYO is headquartered in Gurugram, Haryana, India, serving as the central hub for its leadership, technology development, and global operations.
What’s Next for OYO?
OYO is focused on improving profitability, optimizing operations, and strengthening its core hospitality offerings. The company plans to invest further in pricing intelligence, supply side tools, and digital partner solutions while selectively expanding across high demand travel markets.
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