Next-Generation Hotel Brand Oyo Is Raising $1 Billion

Source: Travel News

Samyukta Lakshmi  / Bloomberg

Ritesh Agarwal, the 24-year old CEO and founder of Oyo Rooms, has had a storied career worthy of a Bollywood or Hollywood film. He’s shown here in Bengaluru, India, in September 2018. Samyukta Lakshmi / Bloomberg

Skift Take: Softbank poured the jet fuel of capital on Oyo's twist on hotel franchising. It has doubled its room count to more than 100,000 in India in two years, and just this year went from zero to 50,000 rooms in China. Wow.

— Sean O’Neill

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Next-Generation Hotel Brand Oyo Is Raising Billion