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What is the full form of OYO Rooms

OYO Rooms : On Your Own Rooms

A new concept of sharing rooms, OYO Rooms, has caught the attention of many people. It is a room in which you can share your personal space with other people. The idea behind it is that you can stay at home and do your work while having a close contact to the outside world. OYO Rooms are a new way to book a room for an hour. You can book the room on your own and pay for it directly through the app. This is a great way to save money and be more independent.

Trade nameOYO Rooms
OYO Hotels and Homes
Founded2012; 10 years ago
FounderRitesh Agarwal
HeadquartersGurgaon, Haryana, India
Area servedAsia, Europe and Americas
Key peopleRitesh Agrawal (Founder and Group CEO)
Revenue₹4,157 crore (US$520 million) (2021)
Net income₹−4,102 crore (US$−510 million) (2021)
Total assets₹8,751 crore (US$1.1 billion) (2021)
Number of employees5,130 (2021)

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