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Economic Times

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Image Credit: Economic Times

IPO-bound Oyo seeks to rename parent firm to pursue premiumisation

  • Oyo founder Ritesh Agarwal is seeking suggestions to rename its parent firm, Oravel Stays, in preparation for its IPO and to expand premium offerings.
  • The chosen name may also be used for a new premium hotels app.
  • Agarwal described the ideal new name as bold, one-word, global, tech-forward, memorable, and not specific to any culture.
  • Oyo is considering launching a separate app for premium hotels and mid-market to premium company-serviced hotels as it aims for an IPO.

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