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OYO Rooms

Gurgaon, Haryana, India Hospitality & Travel Public

OYO Rooms is an Indian multinational hospitality chain that operates a platform connecting budget hotels, homes, and living spaces across 35 countries. The company operates under its parent holding PRISM (formerly Oravel Stays Limited) and provides standardized accommodation through a franchise and asset-light model, serving over 185,000 properties globally.

Public Company

OYO Rooms is publicly traded

IPO'd on Dec 31, 2025

This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2012

Employees

1,500–15,000

Total Funding

$4.09B

14 rounds

Last Private Valuation

$3.79B

Jan 4, 2025

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

3 signals
IPO Recent fresh issue up to Rs 6,650 crore (~$700M); no offer for sale 2026-09-09

Ritesh Agarwal says PRISM aims to launch its Rs 6,650 crore IPO within the current financial year, pricing to be set before launch

Guidance slips the listing past the expected Aug-Sep 2026 window toward March 2027; RHP and price band still unannounced

Secondary Pricing Recent composite price $0.52 -> $0.33 (-36.54%), Jan 2026 2026-01-31

PM Insights reported OYO's composite secondary price fell 36.5% to $0.33 in January 2026

Sharp MoM price drop signals softening secondary demand/sentiment

M&A Recent 2025-05-24

Acquired MadeComfy (Australia) in May 2025; building on $525M Motel 6 buy

Continued bolt-ons widen footprint and EBITDA going into IPO

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $4.09B across 14 rounds

Last updated 09-28-2026

DateRoundAmount RaisedValuationLead Investors
Jan 4, 2025 Series G-II $65M $3.79B Redsprig Innovation Partners
Aug 11, 2024 Series G TechCrunch $175M $2.4B Patient Capital
Aug 20, 2021 Series F (Microsoft) TechCrunch $5M $9.6B Microsoft

Valuation Trajectory

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

$500M $1B $2B $5B $10B 2016 2018 2020 2022 2024 OYO Rooms

Entry · Series B

$460M

Aug 2015

OYO Rooms today

$3.8B

Jan 2025 · latest mark

OYO Rooms multiple

8.2x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Prominent Investors

J&A Partners InCred Wealth Patience Capital Group

Leadership

  • Ritesh Agarwal

    Founder, Group CEO & Chairman

    LinkedIn
  • Ankit Tandon

    Chief Operating Officer, PRISM & Chief Executive Officer, Europe

  • Rakesh Kumar

    Chief Financial Officer

    LinkedIn
  • Varun Jain

    Chief Operating Officer, Asia

  • Shirish Damani

    Chief Operating Officer, Europe Homes & Hotels

  • Dinesh Ramamurthi

    Chief Human Resources Officer

  • Shashank Jain

    Global Head of Technology & Marketing

  • Rakesh Kumar Prusti

    General Counsel

  • Sonal Sinha

    Chief Executive Officer, G6 Hospitality

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Marriott International

    Global hospitality conglomerate operating luxury to budget hotel brands

  • Airbnb

    Peer-to-peer accommodation and experience sharing platform (also OYO investor)

  • Booking.com

    Online travel agency and accommodation booking platform

  • MakeMyTrip

    Indian online travel platform with hotel booking focus

  • Zostel

    Indian budget hospitality platform for backpackers and budget travelers

  • FabHotels

    Indian budget hotel chain and aggregator platform

OYO Rooms Investment FAQ

OYO Rooms FAQ

OYO's parent PRISM (formerly Oravel Stays Limited, renamed September 2025) has cleared the regulatory stage of its latest listing attempt but has not yet launched the offer. A confidential DRHP in December 2025 and shareholder approval at a 20 December 2025 EGM were followed by SEBI's observation letter in early June 2026 and an updated draft prospectus (UDRHP-I) filed on 30 June 2026. The issue is a pure fresh issue of up to Rs 6,650 crore (~$700M) with no offer for sale - SoftBank (40.04% pre-issue), Ritesh Agarwal's RA Hospitality and Patient Capital vehicles, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks and Peak XV are all non-selling - and about Rs 4,987.5 crore (~$526M) is earmarked to repay borrowings at subsidiary Oravel Stays Singapore; a pre-IPO placement of up to Rs 1,330 crore may reduce the fresh issue. Institutional roadshows began the week of 24 July 2026 at a targeted valuation of $7-8B. Full-year FY26 results reported on 27 August 2026 show operating revenue of Rs 9,358 crore (up ~50%) and profit after tax of Rs 994 crore against Rs 245 crore a year earlier, with the US Motel 6 / G6 Hospitality business acquired in December 2024 now the largest single contributor to gross booking value - more than half the group total, against about 12% from India. The widely reported August-September 2026 listing window has now passed unfulfilled: speaking at Global Fintech Fest on 9 September 2026, founder and group CEO Ritesh Agarwal said the company hopes to launch the IPO 'in the current financial year itself' and that it would 'see the pricing before we launch', which points to a debut by March 2027 rather than inside the earlier window. As of 28 September 2026 the RHP, price band and bid dates have still not been announced and the shares are not listed; price bands circulating on IPO-tracker sites ahead of the RHP are those sites' own estimates rather than announced terms. The book-running lead managers are Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities, InCred Capital, Intensive Fiscal Services, JM Financial and SBI Capital Markets, and the proposed listing remains on NSE and BSE.

OYO Rooms shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.

OYO Rooms went public in Dec 31, 2025 via ipo, with an offering valuation of approximately $3.79B. OYO's parent PRISM (formerly Oravel Stays Limited, renamed September 2025) has cleared the regulatory stage of its latest listing attempt but has not yet launched the offer. A confidential DRHP in December 2025 and shareholder approval at a 20 December 2025 EGM were followed by SEBI's observation letter in early June 2026 and an updated draft prospectus (UDRHP-I) filed on 30 June 2026. The issue is a pure fresh issue of up to Rs 6,650 crore (~$700M) with no offer for sale - SoftBank (40.04% pre-issue), Ritesh Agarwal's RA Hospitality and Patient Capital vehicles, Microsoft, Airbnb, Khazanah, Lightspeed, Greenoaks and Peak XV are all non-selling - and about Rs 4,987.5 crore (~$526M) is earmarked to repay borrowings at subsidiary Oravel Stays Singapore; a pre-IPO placement of up to Rs 1,330 crore may reduce the fresh issue. Institutional roadshows began the week of 24 July 2026 at a targeted valuation of $7-8B. Full-year FY26 results reported on 27 August 2026 show operating revenue of Rs 9,358 crore (up ~50%) and profit after tax of Rs 994 crore against Rs 245 crore a year earlier, with the US Motel 6 / G6 Hospitality business acquired in December 2024 now the largest single contributor to gross booking value - more than half the group total, against about 12% from India. The widely reported August-September 2026 listing window has now passed unfulfilled: speaking at Global Fintech Fest on 9 September 2026, founder and group CEO Ritesh Agarwal said the company hopes to launch the IPO 'in the current financial year itself' and that it would 'see the pricing before we launch', which points to a debut by March 2027 rather than inside the earlier window. As of 28 September 2026 the RHP, price band and bid dates have still not been announced and the shares are not listed; price bands circulating on IPO-tracker sites ahead of the RHP are those sites' own estimates rather than announced terms. The book-running lead managers are Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, ICICI Securities, InCred Capital, Intensive Fiscal Services, JM Financial and SBI Capital Markets, and the proposed listing remains on NSE and BSE.

OYO Rooms raised $4.09B across 14 disclosed funding rounds prior to its public listing.

OYO Rooms was founded by Ritesh Agarwal in 2012.

OYO Rooms is headquartered in Gurgaon, Haryana, India.

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