OYO Rooms is not just another AirBnB clone. It is an Indian AirBnB clone that has found a way to use the country’s defragmented hospitality industry and offer potential guests “standardised budget rooms”.
They have been able to do so thanks to investment money from Lightspeed Ventures, Sequoia Capital and Green Oaks Capital. Their latest round saw 21-year old founder Ritesh Agarwal raise $25 million.