OYO’s founder, Ritesh Agarwal, has introduced a global naming contest to help rebrand the parent company, Oravel Stays. Participants are encouraged to propose a distinctive, one-word name that feels universal, modern, and human-friendly, ideally with a “.com” domain available. The winner will be awarded ₹3 lakh and get an opportunity to meet Agarwal. This initiative aligns with OYO’s broader plans for an IPO and the launch of a new standalone app for its premium and mid-range serviced hotel offerings worldwide. On the financial front, the company posted a profit after tax of ₹623 crore in FY 2024–25 and has maintained 10 straight profitable quarters on the EBITDA front, which reached ₹1,132 crore. OYO is currently working with investment banks and aims to go public by the fourth quarter of FY25.
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OYO Launches Global Naming Contest for Parent Company Ahead of IPO Plans
OYO’s founder, Ritesh Agarwal, has introduced a global naming contest to help rebrand the parent company, Oravel Stays. Participants are encouraged to propose a distinctive, one-word name that feels universal, modern, and human-friendly, ideally with a “.com” domain available. The winner will be awarded ₹3 lakh and get an opportunity to meet Agarwal. This initiative aligns with OYO’s broader plans for an IPO and the launch of a new standalone app for its premium and mid-range serviced hotel offerings worldwide. On the financial front, the company posted a profit after tax of ₹623 crore in FY 2024–25 and has maintained 10 straight profitable quarters on the EBITDA front, which reached ₹1,132 crore. OYO is currently working with investment banks and aims to go public by the fourth quarter of FY25.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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