India’s hospitality giant OYO rooms which recently entered into Unicorn list again in the news by expanding its business to Japan. Recently, OYO rooms raised $ 1 Billion with the raising of funded the valuation of the company crossed $5 Billion. The OYO made clear root to enter with the Japan market while partnering with pilot properties in Tokyo.
In these days this startup in the news frequently regarding expansions, raising funds, entering into unicorn list. Recently the SoftBank of Japan invested in this startup after that it entered into China. Last month it entered into the UK market, it is first outside Asia expansion. The OYO is going to enter the Japan market within 3 to 6 months formally.
This hotel hospitality chain based out in Gurgaon started in the year 2013 by Ritesh Agarwal. In the last 12 months, it expanded its business to China, Malaysia, Nepal, Indonesia, and the UK. The existence of the chain over 350 cities, 10,000 assets partners. The OYO is planning to expand its presence in various countries through expansion of the chain.
The OYO already listed in the two property companies websites in Shinjuku, Tokyo. The main aim of the startup is to make a great impact on the Japan hospitality before the Olympics of 2020 so that it will be helpful for the business.