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The Rapid Growth Of OYO Into India’s Biggest Hospitality Chain

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Rapid Growth Of OYO,OYO India Biggest Hospitality Chain,Startup Stories,Latest Business News 2019,India's OYO,famous Indian hotel chain,OYO Founder Ritesh Agarwal,OYO Growth Story

OYO, the famous Indian hotel chain, entered the US market in June 2019 and in just four months, was able to acquire 100 hotels under its management.  It also stated it adds one hotel a day to its chain and plans to invest $ 300 million in the US market. The Company, in a short period of time, was able to expand to over 60 cities in the US, including Las Vegas, Houston, Seattle and Miami.  It also opened a 35,000 square foot casino called OYO Hotel and Casino. 

The Gurgaon based startup has been rapidly growing since its inception in 2012.  Founded by Ritesh Agarwal, the startup was initially called Oravels Stays, which enabled listing and booking of budget accomodations.  After extensive research, Ritesh Agarwal decided to change the name of the company to OYO a year later. The startup also secured a funding of $ 100,000 from PayPal co founder Peter Thiel, just after being launched.  OYO has successfully raised $ 1.5 million from global investors ever since. 

Within a span of 7 years, the Company has grown globally, with its presence felt in 500 cities across 10 countries.  It has over 17,000 employees globally. Today, the Company has over 173,000 rooms under its management and is considered to be India’s largest hotel chain.  OYO has also become the world’s third largest hospitality chain. 

The Company’s growth can be clearly seen from its 2018 annual report.  OYO reported the Company saw a three fold growth and earned a revenue of Rs. 416 crores from its operations in India.

With the Company growing so rapidly in such a short period of time, its founder, Ritesh Agarwal, aims to make OYO the largest hotel chain in the world by 2023. 

 

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Entrepreneur Stories

PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Startup Stories

Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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