Avendus Capital advises OYO on its fundraise

Overview

OYO (Oravel Stays Limited), a leading global short-stay accommodation platform, has received funding from Khazanah National Berhad (Khazanah). Khazanah has purchased the stake from a set of early investors. Over the past six months, the company has secured over USD 250 million in primary and secondary capital from prominent institutional investors and renowned family offices.

Avendus Capital acted as the exclusive financial advisor to OYO and its shareholders on the investment by Khazanah Nasional Berhad.

Deal Value

Undisclosed

Service

Private Equity

Sector

Digital, Technology & Consumer

Date

Nov 2024

We are thrilled to collaborate with Ritesh and OYO, one of the largest new-age tech platforms revolutionizing the short-stay accommodation industry worldwide. The heightened investment activity, coupled with backing from Khazanah and other large institutional investors and family offices, further highlights OYO's robust execution and the significant opportunities ahead. As one of India's most profitable consumer tech start-ups, with strong growth momentum and a distinctive global delivery model, OYO is exceptionally well-positioned to expand its share of the global hospitality market in the coming years

Neeraj Shrimali

Managing Director & Co-head, Digital, Technology & Consumer Investment Banking, Avendus Capital

About OYO

OYO, a global leader in hospitality technology, has revolutionized the travel experience by partnering with over 180K hotels and homes worldwide. As the exclusive revenue management and brand partner for these properties, OYO empowers customers to book high-quality, affordable stays with ease. With a commanding presence in more than 35 countries, OYO is leading key markets in India, Europe (Homes), US, Indonesia and Malaysia. The company's ongoing growth is highlighted by its robust financial performance, positioning it as one of the top EBITDA-generating companies in the Indian consumer tech space and reinforcing its leadership in the global hospitality industry.

www.oyorooms.com