Latest news with #RiteshAgarwal
Time of India
3 days ago
- Business
- Time of India
Markets need to see more than profits from Oyo
Strategy Exclusives Markets need to see more than profits from Oyo Oyo Founder Ritesh Agarwal; image credit: Visualisation by Sadhana Saxena via AI Synopsis After surviving a steep fall and existential crisis in 2020, Oyo picked up pieces from the remains of Covid-19 devastation and self-inflicted errors. Its profits, revenue, storefronts and global footprint are steadily growing, making the company's IPO prospects more tangible than ever. The question now is how markets will view Oyo's steady growth and stability.
Associated Press
27-06-2025
- Business
- Associated Press
OYO Becomes the Most Profitable Indian Startup with $72 Million Profit
06/26/2025, New Delhi // PRODIGY: Feature Story // OYO Founder Ritesh Agarwal shared in an employee town hall that the company has now become the most profitable Indian startup. The company reported profit after tax (PAT) of ~$72 million in its financial results for the fiscal year ended March 31, 2025, a 172% increase from ~$27 million in FY24. According to documents accessed by PTI, as per its unaudited financials, the company achieved an adjusted EBITDA of ~$132 million in FY25, compared to ~$104 million in the previous fiscal year, marking a robust 27% year-over-year growth and its 10th consecutive quarter of EBITDA profitability. Consequently, OYO's earnings per share (EPS) reached $0.93 for FY25, up from $0.36 in FY24, reflecting a 158% increase as the company continues to enhance shareholder value. The platform reported a 54% increase in Gross Booking Value (GBV) to $1.92 billion and its revenue grew to ~$754 million, a 20% increase year-over-year, fueled by the company's premium offerings through its Company-Serviced Portfolio (including the mid-segment Townhouse Hotels and Softbank- and Oravel-promoted Sunday Hotels) across India, UK, and the SEAME region, as well as the successful integration of G6 Hospitality. The company has strategically expanded its premium offerings with the launch of over 30 Sunday Hotels in the last 12 months across various regions, including India, Saudi Arabia, UAE, and Southeast Asia. In the SEAME region alone, company-serviced property additions grew from 7 in Q4 FY24 to 256 in Q4 FY25. The fourth quarter of FY25 proved to be OYO's strongest, with GBV reaching ~$744 million, a 126% growth compared to the same period last year, driven by its growing hotels business across India, USA, and SEAME and the acquisition of G6 Hospitality in Q3 FY25. Revenue for Q4 stood at ~$218 million, up 41% year-over-year, while adjusted EBITDA increased by 61% to ~$51 million compared to Q4 FY24. The quarter saw significant expansion with the company's hotel storefronts increasing by 25%, buoyed by the addition of G6 hotels in its portfolio, and the homes segment growing by 42% year-over-year. Hotel GBV per storefront per month surged by 161% to ~$8,940, reflecting the success of OYO's premiumization efforts and strategic acquisitions. OYO's global presence now includes approximately 22,700 hotels and 119,900 homes, along with 91,300 listings across its platform. The company significantly strengthened its position in developed markets, particularly in the US, where it experienced 55% growth in storefronts and 45% growth in GBV during FY25. International rating agencies have recognized OYO's improved profitability and strengthened credit metrics, with Moody's upgrading the company's rating, citing OYO's improved profitability over recent quarters. For the current financial year, FY26, Ritesh Agarwal has earlier shared a target of reaching over ~$233 million in EBITDA and $1.31 EPS, by growing its current annualized EBITDA run-rate of ~$198 million. The company expects its US operations to be a significant driver, with projected consolidated GBV growth of 3.4x in FY26 compared to FY25. In FY 2025, OYO demonstrated the highest PAT growth compared to leading hospitality players such as IHCL, Lemon Tree, Ixigo, and Royal Orchid. OYO's revenue outperformed Lemon Tree, Ixigo, and Royal Orchid, though it trailed IHCL. Note: Financial figures in USD are converted using the exchange rate of 1 USD = ~85.7 INR as of June 9, 2025. Contact Details Tech Observer Md Ujaley +1 931-358-3248 [email protected] Company Website Original Source of the original story >> OYO Becomes the Most Profitable Indian Startup with $72 Million Profit
Time of India
25-06-2025
- Business
- Time of India
'You don't need millions': OYO's Ritesh Agarwal shares blueprint on how to start a hotel business in the US with just $10,000
In a rare and detailed breakdown, OYO founder Ritesh Agarwal has revealed exactly how he would start a hotel business in the United States — even with as little as $10,000. Speaking candidly about the tough lessons of entrepreneurship, Agarwal emphasized that success in hospitality comes not from initial acceptance, but from surviving rejection. 'If I had $100,000 — or even just $10,000 — I'd still start,' Agarwal said in a video posted on YouTube. What follows is a step-by-step playbook grounded in his own experience launching OYO, one of the world's largest hotel chains. Step-by-step process by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like After 51 Cruises, A Retired Couple's Laundry Stains Caught The Staff Daily Sport X Undo Step 1: Find the Right Property Finding the right property is "50% of the battle," he explains. This involves scouring websites like or Crexi, working with brokers like CBRE, and — most critically — knocking on doors and building relationships with motel owners. Many small property owners are looking to retire and may be open to selling if approached with sincerity and vision. Step 2: Finance Smartly — Even Without Millions Live Events Agarwal breaks the myth that you need millions to get started. A 20-30 room economy motel might cost around $1–1.5 million. But up to 80% of that can be financed through: Regional banks like PNC or American Pride Bank, SBA loans (government-backed small business loans), Owner financing, where sellers offer a loan in return for a slightly higher price. This reduces the upfront need to just $200,000. From there, finding 9 investors willing to pitch in $20–22k each brings in $190,000 — leaving the founder to contribute just $10,000 personally. Step 3: Run It Yourself (At First) The biggest mistake, according to Agarwal, is hiring a manager right away. 'Run your first property yourself,' he insists. From managing mold issues to dealing with HVAC or retaining staff, the first few months are critical for learning how to operate lean and smart. Step 4: Generate Income and Scale A 20-room property can generate around $100,000 in net income per year, even after loan payments. A portion of that goes to upkeep, another as management fees. 'You can walk away with $10,000 or more annually from one property,' says Agarwal. He shared the story of Bob B. from Oklahoma City, who started with one motel and now owns three. Bob now earns over $60,000 annually and continues to build value from his growing portfolio. Final Thought: 'This isn't theory — this is real,' says Agarwal. 'You just need to start. And once you start, you can multiply.' Whether you're an aspiring hotelier with limited capital or an investor looking for a roadmap, Agarwal's guide offers a compelling mix of realism and inspiration.
Mint
09-06-2025
- Business
- Mint
Ritesh Agarwal invites people to carve out ‘new identity' for OYO, announces ₹3 lakh for winner
Entries for suggesting names for Oravel Stays, a parent firm of Ritesh Agarwal led OYO, have begun and will close soon, the founder shared on Instagram, stating the winner will receive ₹ 3 lakh. This comes amid the global travel tech platform getting ready to launch its Initial Public Offering (IPO). Ritesh mentioned that the ideal name should be bold and one-word, global in appeal, not rooted in any single culture or language. It should feel tech-forward, sharp, yet human and memorable. The name must be broad enough to evolve beyond hospitality, and ideally, the .com domain should be available. He's offering a prize of ₹ 3 lakh to the winner, along with an opportunity to meet him. "We're renaming the corporate brand behind it all. Not the hotel chain, not a consumer product — but the parent company powering a global ecosystem of urban innovation and modern living. We believe it's time the world had a new kind of global brand — born in India, but built for the world," Ritesh had said. 'There is a high possibility that the name chosen through the exercise may end up being the name of the premium hotels app that OYO has been working to launch in the near future,' PTI quoted the people familiar with the development as saying.
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Business Standard
30-05-2025
- Business
- Business Standard
IPO-bound Oyo seeks to rename parent firm to pursue premiumisation
Oyo Founder Ritesh Agarwal has invited name suggestions for its parent firm Oravel Stays, in a strategic move as the global travel tech platform prepares to launch its IPO and looks to have more premium segment offerings. There is a high possibility that the name chosen through the exercise may end up being the name of the premium hotels app that Oyo has been working to launch in the near future, people familiar with the strategy told PTI. Agarwal took to social media platforms to seek name suggestions to help craft a "new identity". "We're renaming the corporate brand behind it all. Not the hotel chain, not a consumer product -- but the parent company powering a global ecosystem of urban innovation and modern living. We believe it's time the world had a new kind of global brand -- born in India, but built for the world," the Oyo founder said in the post on Thursday. Agarwal shared that it should be a bold, one-word corporate name, global in feel, not tied to one culture or language, tech-forward, sharp, but also human and memorable, and broad enough to grow beyond hospitality, preferably with a .com domain available. He offered a prize of Rs 3 lakh to the winner along with a chance to meet him. PTI had reported that Oyo has arranged for five investment banks to give a crucial presentation to its key shareholder SoftBank in June at the latter's London office on Grosvenor Street, that could determine the company's path to public listing, as it eyes launching an IPO in the last quarter of the current fiscal. "Oyo is actively exploring launching a separate app for its premium hotels and mid-market to premium company-serviced hotels as the segment has seen exponential growth across India as well as its global markets. There is a very high possibility that the name being selected may end up being the name of the premium hotels app that Oyo has been working to launch in near future," said people familiar with the matter.
