Oravel Stays, the parent company of OYO, is seeking a new name before its IPO, with a ₹3 lakh prize for the chosen suggestion.
The renaming is for the corporate entity, not the OYO hotel brand, aiming for a bold, globally relevant, and tech-forward name.
The company is looking for a one-word name that is scalable beyond hospitality, and potentially for a new OYO app in development.
The rebranding is part of OYO's strategy ahead of its IPO in FY25, with the company recently reporting profitability milestones and growth in the hotel segment.