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In September 2018, OYO raised $1 billion, of which the RoC filing for the amount of $100 million raised from Star Virtue Investment Ltd. In December 2021, OYO onboarded former State Bank of India (SBI) Chairman Rajnish Kumar as its strategic group advisor. In October 2021, OYO appointed paralympian Deepa Malik as an independent director on the company's board of directors. In June 2021, Oyo Rooms collaborated with Yatra, Airbnb, and EaseMyTrip to form the Confederation of Hospitality, Technology and Tourism Industry (CHATT), an industry body for the tourism sector of India. It further Introduced an upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. OYO set up 26 training institutes for hospitality enthusiasts across India in 2019.

The company invests in capex, hires general managers to oversee operations and customer experience, and generates around a million job opportunities in India and South Asia alone. OYO Hotels & Homes was a full-fledged hotel chain that leases and franchises assets. In 2019, OYO had over 17,000 employees globally, of which approximately 8000 are in India and South Asia. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship, a two-year program from PayPal co-founder Peter Thiel. In 2012, Ritesh Agarwal launched Oravel Stays as an equivalent to Airbnb, later renamed to OYO in 2013. The company's current and former investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries. Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels.

OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces.

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