#IndianStartupData : OYO Rooms Had A Turnover Of INR 2.4 crores in FY 2014-15

[Editor Notes : Nothing is as powerful as data and these articles are part of our coverage of #IndianStartupData – i.e. an overview of financial performance of selected Indian startups with a hope that it gives you a good picture of the companies and the ecosystem in general.
Our Mission : A PR-less startup ecosystem which thrives on great products and services!]

If you have been around in your city any time recently, more likely than not, you would have spotted an OYO Rooms board. OYO is a branded network of hotels and is one of the fastest growing startups in India.ritesh-agarwal-oyorooms

Founded by Ritesh Agarwal (aged 19 years then) in 2012, OYO claims to be India’s largest branded network of hotels spread across 152 cities with more than 3000 hotels. Oravel Stays Private Limited, which owns and operates OYO Rooms, reported a turnover of INR 2.4 Crores in FY 2014-15, growing from a turnover of INR 51 lacs in the previous fiscal.

However, at the time, OYO appeared to have been present only in 10 cities with 200 hotels. They have seen a phase of exponential expansion in FY15-16 with two major funding rounds this year (OYO raised $100mn led by Softbank). More details are awaited on OYO’s financials and will be updated soon.

OYORooms Turnover
OYORooms Turnover

OYO’s Shareholding Structure

With the latest funding round from Softbank Group in August 2015, OYO’s current shareholding looks like this:

Founders 18%
Lightspeed Venture Partners 19%
Sequoia Capital 18%
Softbank Group 15%
Greenoaks Capital 10%
DSG Consumer Partners 4%
Others 16%

With one of the youngest CEOs at its helm, OYO surely has managed to disrupt the hospitality sector in India so far. Going ahead, it’s going to be a tough battle with competitors like Zo Rooms and a number of others fighting it out.

[About the author: Vishal and Anchal form the team that runs the Tofler blog. They like to explore and track companies, their performance and senior management. Tofler (tofler.in) is a Business Research Platform.]