OYO Rooms is now international with launch of its Malaysia Operations
Bengaluru, India | Red Newswire | Jan 13, 2016 Last Updated at 2:35 PM IST.
OYO Rooms is now international with the launch of its Malaysia operations, the hotel-aggregator startup now offers 40,000 rooms in India.
Ritesh Agarwal, CEO of OYO Rooms said, “Malaysia is our first port-of-call given the attractive characteristics of the market such as higher-than-average mobile penetration and a large internet population. Unbranded hotel room supply accounts for a majority share of hotel supply worldwide. OYO’s model is suitable for markets with large share of unbranded budget supply such as South-East Asia, Africa and South America.”
The startup was founded three years ago and organizes hotels in several cities across the country. The typical charge is Rs. 1,000 per night. OYO Rooms has presence in 160 cities in India and is backed by Sequoia Capial, SoftBank, Lightspeed India and Greenoaks Capital.
Source: ET Bureau