OYO is a leading, new-age technology platform empowering the large yet highly fragmented global hospitality ecosystem. They have been focused on reshaping the short-stay accommodation space since their incorporation in 2012 and have developed a unique two-sided technology platform focused on comprehensively addressing key pain points of their Patrons (being the owners, lessors and/or operators of storefronts listed on our platform) on the supply side and their customers (being travellers and guests who book accommodations at our Patrons’ storefronts through our platform) on the demand side. Their unique business model helps their Patrons transform fragmented, unbranded and underutilized hospitality assets into branded, digitally-enabled storefronts with higher revenue generation potential and provides their customers with access to a broad range of high-quality storefronts at compelling price points. As of March 31, 2021, we had 157,344 storefronts across more than 35 countries listed on their platform.
Their Patrons use their platform to manage all mission-critical aspects of their business operations. Their comprehensive, full-stack technology suite integrates more than 40 products and services across their digital signup and onboarding, revenue management, daily business management and D2C stacks into their two flagship Patron applications, Co-OYO and OYO OS. This enables their Patrons to have a significant digital presence across their extensive distribution network. Their customers can book storefronts through their own D2C channels on their platform and through indirect channels with third-party OTAs. Their OYO mobile application offers a variety of digital tools to guide our customers throughout their journey, including discovery, seamless booking, pre-stay assistance and cancellations, digital check-ins as well as in-stay and post-stay services.
The entire public offer of OYO(Oravel Stays Limited) comprises of fresh issue of equity shares aggregating up to Rs. 7,000 crores and an offer for sale of equity shares aggregating up to Rs. 1,430 crores from selling shareholders, SVF India Holdings Limited, A1 Holdings Inc. amongst others.
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How do I apply to the OYO (Oravel Stays Limited) IPO?You can apply for the OYO (Oravel Stays Limited) IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone