After Dubai, India's Oyo Rooms eyes European markets
Oyo received $1 billion in funding from a consortium of investors led by SoftBank in September, making it one of India's wealthiest startups
India's Oyo Hotels recently announced its entry into the United Arab Emirates, starting with the launch of its operations in Dubai, Sharjah and Fujairah. Now the Indian company is next looking to European market to further its expansion plans.
"We are seeing great results in all our global markets and are growing aggressively in London," Oyo's founder, 25-year-old Ritesh Agarwal, told AFP.
"We will definitely consider expanding into the broader European region," he added in the telephone interview.
Oyo chain of hotels is currently present in over 350 cities with over 12,000 asset partners spread across six countries including India, China, Malaysia, Nepal, the UK and now UAE in the Middle East, It also plans to open over 12,000 rooms within 150 hotels across the UAE by 2020.