Oyo was reduced in size when Osun state was created out of its eastern portion in 1991. Oyo Empire(1600-1836) was a Yoruba empire, located in present day Nigeria and Benin. 2015- In March of this year, Oyo received funding of a whopping amount of $25 million from its investors namely Lightspeed India, Seqoiua and others. "OYO to add over 3,000 employees in India", "OYO plans mass recruitment in India to boast of 12k staff by year-end", "OYO announces Rs 1,400 crore investments, launches new property 'Collection O' targeting millennials", "Have created over 1 lakh direct and indirect jobs in India: OYO", "OYO opens Gurgaon campus, plans to launch a skill training center", "India's Oyo valued at $10B after founder purchases $2B in shares", "India's budget hotel startup OYO raises $1B for international growth", "China's Didi Chuxing invests $100 million in Oyo", "Oyo gets $100 million from China's ride-hailing giant Didi Chuxing", "Ritesh Agarwal to invest $700M in Oyo's new $1.5B financing round", "Ritesh Agarwal's Cayman based firm to bring funds to Oyo", "Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding", "Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake", "OYO has seen 4.4 times y-o-y growth in revenue in June 2019, says founder and group CEO Ritesh Agarwal", "OYO acquires Chennai's Novascotia Boutique Homes", "Oyo acquires Chennai-based Novascotia Boutique Homes to expand corporate offering", "OYO acquires wedding marketplace Weddingz", "Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnership", "Airbnb confirms stake in India's OYO, sources say it invested $150M-$200M", "India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition", "Oyo buys Las Vegas Hooters Hotel in its first US purchase", "India's Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel", "Budget hotel chain OYO launches OYO Townhouse", "In trying to be the Indian Airbnb, OYO may be turning too cumbersome", "Unlocking Homes for Great Holiday Experiences", "Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M", "OYO to acquire Amsterdam based vacation rental company @Leisure Group", "Oyo to invest $335M in vacation rental business in Europe push", "OYO to scale up its SilverKey hotels portfolio to 19 cities across India", "OYO plans big focus on serviced apartments for corporate clients", "India's Oyo launches Capital O hotels in the UAE", "Oyo forays into leisure segment with Palette Resorts", "OYO forays into upper-end leisure resorts category; launches Palette Resorts", "OYO woos biz travellers with Collection O; ups investment", "OYO's Collection O Hotels reaches milestone 175 buildings in 3 months", "Why OYO Life is betting big on the co-living market in India", "Oyo looks to enter student housing and co-working, to expand co-living segments", "OYO launches OPEN programme for asset owners", "Oyo Rooms wants to share digital record of your check-ins with government", "Oyorooms with new concept of data sharing with government authorities", "Budget hotels teaming up to take legal route against Oyo", "All's fair in talent war: Oyo targets staff at rivals", "Shocking! As of June 28, 2019. The capital of the state was moved from old Oyo (Katunga) in 1930s and the Alaafin (Lord of the palace) of Oyo kingdom still reside in the city. List of Offices. Posted on August 15, 2019. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. Entrepreneur India. During his reign the river Niger was circumnavigated. History of Oyo State. "The rise (and fall?) It came into existence when bands of Yoruba renegades following the collapse of the Yoruba Oyo Empire, began settling in the area towards the end of the 18th century; attracted by its strategic location between the forests and the plains. Oyo never encompassed all Yoruba-speaking people, but it was the most populous kingdom in Yoruba history. OYO Rooms, OYO Hotels & Homes has a multi-brand approach. Its branding provides a franchise-like consistency of product. Oyo, a pre-colonial kingdom in present-day Nigeria, was founded in the 1300s.Established by Oranmiyan of the Yoruba people of West Africa, Oyo quickly grew to become one of the most powerful states in the Yoruba-speaking region. The Oyo forged an empire thanks to their formidable cavalry units and so came to dominate other Yoruba peoples of the region. The empire harbours two great forest reserves in Oke Ogun and Oyo-Ile areas, which were upgraded to form the national park. 2018- This is the year that marked the establishment of the Oyo empire in Asia-Pacific and kick-started international proliferation by establishing operations in UK, UAE, Dubai, China, Singapore and Indonesia. of OYO ... perhaps the world's fastest growing hospitality brand from India, offering "tasteful spaces, whenever you need them, at unbeatable prices. They re-established Oyo as more centralized and expansive than ever. The 15 th Alaafin, Obalokun introduced salt.. [29], In 2019, OYO registered a revenue of USD 951 million, a 4.5 times increase on a year on year basis, as compared to USD 211 million. A teenage boy who is not only a millionaire but also the founder and CEO of OYO rooms, the fastest growing branded network of hotels both online and offline. 2016- In January, first month of the year itself, the hotel chain hit the 1 million check-ins mark and also made an advent outside India into the Asia Pacific market, beginning with Malaysia. Same as Oyo Rooms booking history, there is no direct option to delete the Oyo Rooms account, but still, you can delete your Oyo Rooms account by sending an email to [email protected] and [email protected] from your registered email address requesting Oyo Rooms to delete your Oyo … [12][13], OYO partners with hotels to give similar guest experience across cities. The Old Oyo Empire held sway not only over most of the other kingdoms in Yorubaland but also over nearby African states, notably the Fon Kingdom of Dahomey in the modern Republic of Benin to the west. 2017- Continuing its expansion aspiration, it launched a business in Nepal. Our History Oyo State, popularly referred to as the “Pace Setter” is one of the 36 States of the Federal Republic of Nigeria. Sàngó is a divinity among the Yoruba Òrìsà Pantheon, related to the mythology of the Yoruba Indigenous Religion known as “Èsìn Òrìsà Ìbílè”. Retailers Less Crowded Due to Increasing Online Holiday Sales, Here's how the Best Places to Work have led in 2020, Personalized Gift Industry Is Up and Blooming With Innovative Companies Entering the Space. 2014- In August of this year, Oyo received its first Series A funding. In the Oyo model, hotels are not owned, instead Oyo ties up with certain hotels and acquires a few rooms to be given to people who want to avail the services of OYO. OYO Rooms is an Indian virtual hospitality brand. As of June 27, 2019. OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels, homes, and spaces. Oyo, a pre-colonial kingdom in present-day Nigeria, was founded in the 1300s.Established by Oranmiyan of the Yoruba people of West Africa, Oyo quickly grew to become one of the most powerful states in the Yoruba-speaking region. The Oyo Empire was a Yoruba empire, and the Largest empire ever existed in West Africa, occupying most of what’s is today Southern Nigeria, expanding its territory to the nearby Republic of Benin. Oyo rose to become the most important city state, surpassing Ife during the 1300s. Oyo is bounded by the states of Kwara on the north, Osun on the east, and Ogun on the south and by the Republic of Benin on the west. 2011- Ritesh Agarwal, an 18-year-old college dropout, seemed to harbour dreams of entrepreneurship which compelled him to take the plunge with his first start-up Oravel. Enough has been said and done. Lightspeed Venture Partners, and Sequoia India, OYO's early supporters, are selling part of their holdings in order to help the founder increase his stake and thereby commitment while remaining invested significantly in the company's long-term mission. Oyo was reduced in size when Osun state was created out of its eastern portion in 1991. It is a user-friendly app that helps customers to book rooms directly. Its pre-colonial history centered on militarism, imperialism and violence. After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he renamed Oravel to OYO in 2013. Oyo, state, western Nigeria. This year proved to be a financially fulfilling year. OYO Hotel and Casino Las Vegas, formerly Hooters Casino Hotel, is located at the south end of the Las Vegas Strip. OYO has over 23,000 hotels, 8,50,000 rooms and 46,000 vacation homes across the globe. Oyo mesi can be regarded as kingmakers. [1][2][3][4] Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. History of Oyo Town and Oyo Empire Oyo is a city in Oyo State, Nigeria, founded as the capital of the Oyo Kingdom in the 1830s and known to its people as 'New Oyo' (Ọyọ Atiba) to distinguish it from the former capital to the north, 'Old Oyo' (Ọyọ-Ile), which had been deserted as a result of rumors of war. OYO Rooms manager arrested for raping woman in Gurgaon hotel", "Man raped and threatened to kill woman at Oyo Hotel", "19YO student gang-raped in OYO hotel at Kukatpally, three arrested", "Four arrested for rape of Delhi woman at a hotel in Hyderabad", "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", https://en.wikipedia.org/w/index.php?title=Oyo_Rooms&oldid=991927501, Short description is different from Wikidata, All Wikipedia articles written in Indian English, Articles with unsourced statements from April 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 December 2020, at 15:44. 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