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After China, Oyo to Expand Its Business to Indonesia, UK and Europe Markets

Earlier this month, Oyo announced its presence in 26 Chinese cities including Hangzhou, Xian and Guangzhou and employs more than 1,000 people in China.

Hotel chain Oyo Rooms, owned by Oravel Stays Pvt. Ltd, is looking to set up business in Indonesia, UK and some European countries. Gurugram-based company already had launched operations in China, Malaysia, Nepal, and Dubai.

Earlier this month, Oyo announced its presence in 26 Chinese cities including Hangzhou, Xian and Guangzhou and employs more than 1,000 people in China.

Founded in 2013 by Ritesh Agarwal, Oyo has so far raised about $442 million from investors including Softbank and China Lodging Group. In March, the company was also in talks with existing investor SoftBank to raise as much as $800 million in fresh funding that could value it at over a billion dollars.

After raised about $250 million last year from SoftBank and Hero Enterprise, Oyo had pivoted from aggregation to a pure-play franchise model in December 2017. Currently, the company claims to operate 100,000 rooms in more than 230 cities in India.

Oyo had also launched a separate brand named, Towerhouse, in January last year and positioned it as a friendly neighborhood hotel targeted at millenials. Townhouse properties are owned and fully managed by Oyo’s staff.

The SoftBank-backed firm had recently forayed into co-living space with ‘Oyo Living’ and plans to launch operations in 5 cities including Bengaluru, NCR, and Pune with more than 10,000 beds, as reported by Entrackr.

Oyo competes with the likes of Fabhotels and Treebo.


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