E-Cell, RJIT

Illuminate 2020
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In 2011, 18 year old Ritesh Agarwal started his first startup Oravel, which was a listing website for budget rooms. This later was turned into OYO rooms. Later in 2013 Agarwal was selected for Thiel Fellowship, where he received $100,000 funding to pursue the idea for his startup. In 2014, OYO received its Series A funding of $24 million from Lightspeed Venture and Sequoia Capital. With this he expanded his startup in Kolkata, Mumbai, Bangalore, Goa and in April 2015, the mobile app was launched.

The mobile app was a catalyst in OYO’s story. With a blast in popularity, It had already come up to 2000 hotels, 20,000 rooms in 100 cities of India
In July that year, OYO bagged a $100 million Series C funding from SoftBank. With the backing of the world's largest investor and financially fulfilling year, their pace was hardly to slow down.
In the first month of 2016, OYO hit a mark of 1 million check-ins and expanded itself in Asia-Pacific market by entering Malaysia.

Continuing their expansion in 2017 in Malaysia and Nepal they entered the big markets in 2018 such as the UK, UAE, Dubai, China, Singapore and Indonesia.
OYO launched a short term home rental service like AirBNB in its leisure destinations in India like Goa , Shimla, Puducherry, Kerala.
Later in 2018 OYO became a unicorn when SoftBank alone injected $800M followed by $200M capital from LightSpeed, Sequoia Capital , DiDi and others.
As of today, OYO has about 1.2 million listings in 800 cities all over the world.