Is OYO owner?

Yes, Ritesh Agarwal is the founder and Group CEO of OYO Rooms (now part of PRISM), which he started in 2012 at age 18. He is a major stakeholder in the Indian multinational hospitality chain, which operates as a platform for leased and franchised hotels and homes.

Who is the real owner of OYO?

OYO Hotels & Homes was founded by Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel).

Who is OYO owned by?

OYO Rooms (stylised as OYO), formerly known as OYO Hotels & Homes, is an Indian multinational hospitality chain owned by PRISM which operates leased and franchised hotels, homes, and living spaces.

Which company owns OYO?

Hospitality startup Oyo's parent company Oravel Stays has changed its name to Prism, The Economic Times reports.

Is Ritesh Agarwal still a billionaire?

Ritesh Agarwal (born 16 November 1993) is an Indian billionaire entrepreneur and the founder and CEO of PRISM, a hospitality chain. He has been a panellist on Shark Tank India (season 3) in 2024.

Zee Digital India Dialogue: OYO Founder Ritesh Agarwal Shares Key To Entrepreneurship In New India

Is OYO a profit or loss?

As per the company's annual report 2024-25, OYO clocked a profit after tax (PAT) of over Rs 200 crore in Q1 FY26, a sharp jump from Rs 87 crore in the same quarter last year.

Who is the richest shark in India?

The creator of OYO Rooms, Ritesh Agarwal, is now the richest judge among all the Shark Tank India sharks. He is the richest investor on the panel, with an estimated net worth of about Rs 16,000 crore, and he contributes valuable scale-driven insights to Shark Tank India Season 5.

Why did OYO fail?

- OYO faced regulatory hurdles and legal disputes in some of its markets, such as China, Japan, the US and India. For example, it was sued by a US hotel owner for $8.5 million over alleged fraud and breach of contract. It also faced tax raids and investigations by Indian authorities over alleged tax evasion.

Can I book OYO with my girlfriend?

Yes, you can generally stay with your girlfriend at an OYO, but policies vary by location and hotel, with some newer rules requiring proof of relationship; use the "OYO welcomes couples" or "Relationship Mode" filter in the app to find partner hotels that explicitly allow unmarried couples and always carry valid photo IDs for both of you. 

Is OYO in debt?

Oyo Hotels – a leading new-age technology company is currently in an advanced stage for refinancing its existing debt of 450 million dollars. The purpose of this debt refinancing is to reduce interest rates and save on annual interest costs.

Is there OYO in the UK?

Yes, OYO has a significant presence in the UK, operating hundreds of budget-friendly hotels across more than 65 cities, including major hubs like London, Manchester, and Birmingham, and expanding into premium offerings under brands like "Sunday". They offer various accommodation types, from city guesthouses to countryside hotels, catering to both business and leisure travelers. 

How much is OYO worth?

OYO is valued at approximately $2.5 billion based on its June 2024 funding round of $175 million, including $100 million from founder Ritesh Agarwal. This represents a 75% decrease from its peak valuation of $10 billion in 2019.

Is OYO a billionaire?

Ritesh Agarwal-The Youngest Billionaire of India has a net worth of around Rs 16000 crores. The most amazing part is Ritesh Agarwal founded OYO when he was just 21 years old. In the span of 10 years OYO became one of the top hotel chains in the world with an approximate valuation of more than Rs 330 crore.

Is Ritesh Agrawal from IIT?

Ritesh Kumar Agrawal, an IAS officer of the 2012 batch from the Chhattisgarh cadre, holds a B. Tech. in Civil Engineering from IIT.

Who is India's youngest billionaire?

At just 31, Aravind Srinivas (Perplexity AI) tops the list with a net worth of ₹21,190 crore, followed by Ritesh Agarwal (OYO) and the founders of Zepto. Their success highlights how India's startup ecosystem has evolved beyond innovation into rapid wealth creation at an unprecedented scale.

Are love hotels legal in India?

But, you should be aware that there is no law in India that prohibits unmarried couples from booking a hotel room together, if they have valid ID proofs. Article 21 of the Indian Constitution gives unmarried couples the right to privacy and safeguards them from such hotels that might harass them for being unmarried!

Is Ritesh Agarwal a billionaire?

The Youngest Self-Made Billionaire

Ritesh Agarwal, celebrated as one of the youngest self-made billionaires in the country, has had an incredible entrepreneurial journey. Over a decade ago, he raised ₹4 crores to launch his business idea, OYO, which was then valued at ₹14 crores.

Who is the youngest CEO of India?

India's Youngest Ceo, Aadithyan Rajesh, A 16-year-old From Kerala Started His It Company, Trinet Solutions, In Dubai At Just 13. 👏👏👏 . . . . . . . . . .

Why is OYO being boycotted?

The advertisement carried the tagline, "Bhagwan Har Jagah Hai"—which translates to "God is everywhere." Directly below this, another line in bold read, "Aur OYO Bhi"—which means "And so is OYO." The comparison between OYO's presence and the omnipresence of God has not gone down well with Hindu groups, who see it as ...

Who is Asia's no. 1 richest man?

But have you ever thought about who tops the list of richest people in Asia? Well, there is no surprise that Mukesh Ambani is #1 among Asian billionaires. Continue reading to take a look at the top 10 wealthiest and powerful Asians in 2026.

Is Elvish Yadav rich?

Who is Elvish Yadav beyond YouTube? From skits on YouTube to reality show stardom, Elvish has carved his place as a digital celebrity. Known for his witty desi humour, he transformed into a brand that commands crores. According to a 2024 report, his fortune was pegged at Rs 500 crore.

Who is richer, Tata or Ambani?

Mukesh Ambani is significantly richer personally, with a net worth over $100 billion from Reliance Industries, while Ratan Tata's personal wealth is much smaller (around $1-6 billion) because most Tata Group profits fund philanthropic trusts, making the Tata Group's overall value vast but not personally held by Tata. Ambani's wealth is personal and concentrated in his business, whereas the Tata Group's wealth is largely dedicated to charity, making Ambani the wealthier individual by a huge margin.
 

Is OYO debt free?

Repayment of Debt: Oyo has prepaid its debt up to ₹16.2 Bn Cr in Nov'23 which, further, brought down its gross debt to ₹37.2 Bn. They aims to be Net Debt-free by FY26. Improving Profitability: Oyo improved its EBITDA margins (as a % of GBV) from -44% in FY20 to ~+8% in FY24 with a net earning of ~₹100 Cr.

Who funded OYO first?

OYO quickly gained traction, attracting investors and industry leaders. In 2013, Ritesh became the first Indian to receive the Thiel Fellowship, a prestigious grant from PayPal co-founder Peter Thiel, which provided him with $100,000 to pursue his startup dreams.