Bejul Somaia is a Partner at Lightspeed India Partners LLP, which advises Lightspeed Venture Partners, a global venture firm with more than USD 7 billion under management. Estimates and guidance for future periods is for comparison purposes and are indicative in nature. Disclaimers Financial metrics after March 2018 and business metrics do not represent audited figures. Stayed rooms nights on Annualised basis at December 2018 were 39m  (2.9x growth on y-o-y from December 2017), Realised value increased from $ 123m for full year April 2016-March 2017 to $ 272m for full year April 2017-March 2018. It further Introduced upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. From a financial year perspective, our revenue increased by 3.5x to Rs 416cr for India operations in FY 2017-18. OYO Rooms General Information Description. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. OYO claims to be second-largest hotel group in China. There may be several reasons which can be cited for us being one of the world’s leading hotel chains but ... At OYO Hotels & Homes we have always been driven by a people-first approach. The organizational chart of OYO Rooms displays its 77 main executives including Ritesh Agarwal, Abhishek Gupta, Abhinav Sinha and Gautam Swaroop × We use cookies to provide a better service. OTHs see 95%+ demand from direct channels with low dependency on OTA of 5-10% vs 30-35% for comparable chains. He believed that he could change the way people live. This review includes a brief update on the capabilities that have been developed over the last year, which act as strong moats for our mission of creating great quality living spaces. “If you want to succeed, you should strike out on new paths, rather than travel the worn paths of accepted success”. We significantly reduced our losses from 44.5% in FY2016-17 to 20.3% in FY 2017-18 for India operations through 54.3% economics improvement. In the last year 2018, OYO Hotels & Homes completed it’s transition to becoming a 100% leased & franchised hotel chain. This will alert our moderators to take action. The process of the renovation is in itself fascinating. Mohit Bhatnagar is currently a Managing Director with Sequoia Capital India and serves on the boards of Zomato, OYO, Citrus Payments, Freshworks, Meesho, Prizm Payments, Ujjivan Microfinance, Dailyhunt, Shuttl, OneAssist, Clevertap, Drip Capital & GoMechanic. Best Budget Stays He joined SoftBank from Deutsche Bank where he had held multiple roles across Global Markets and Wealth Management. Through its vacation homes business, the company offers travellers and city dwellers access to over 130,000 homes around the world. He is responsible for driving the long term financial strategy of the company as well as overseeing short term financial and operational execution while upholding highest standards of corporate governance and controllership. Our incessant focus on customer experience has seen our NPS scores in India increase from 47% to in December 2017 to 51.4% in December 2018. I am very pleased to note that up to 93% of revenue comes from repeat and word of mouth in Q4 2018 (October-December)(with only 7% coming from paid acquisition). Sharing below the global operating metrics: Fully controlled leased and franchised keys increased from 9,764 as at March 2017 to 71,537 as at March 2018 and further increased to 172,822 as at December 2018 (3.3x growth on y-o-y basis from December 2017), Stayed room nights increased from 5m for full year April 2016-March 2017 to 10m for full year April 2017-March 2018. The company invests in capex,[17] hires GMs to oversee operations and customer experience as well as generating around a million job opportunities in India[18] and South Asia alone. OYO's hotels offer rooms at prices under a reasonable budget segment, along with services like free breakfast facility, holiday packages, refer and earn, among others, enabling customers to access seamless amenities and … OYO HOTELS & HOMES TO DISPLACE LARGE INCUMBENTS* 458,000 rooms globally and realised value run rate of $1.8B with a y-o-y growth of 4.3x as at December 2018 “If you want to succeed, you should strike out on new paths, rather than travel the worn paths of accepted success” – John D Rockefeller *Morgan Stanley […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ccess the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors. These include: In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. Tomorrow is different. In the coastal town of Alibag, travellers are seen frolicking to the White house beach resort. It was great to see as per a UBS Consumer survey, that. Centralised operations have led to >2.5x staff efficiencies with OTHs having the lowest staff to room ratio of 0.31 vs 0.85 and 0.87 for comparable chains. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. “k” represents thousands, m represents millions, B represents Billions and Tn represents Trillions, Embarking on our multi-brand strategy, we also launched several new products last year including. Prior to this Aditya was the President & Member of the Board of IndiGo, for ten years and turned it into the largest and most profitable airline in India.