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Ritesh Agarwal invites people to give new name for OYO parent firm, announces ₹3 lakh for the winner

  • OYO founder Ritesh Agarwal launches a campaign to rename the company's parent firm, Oravel Stays, as part of IPO preparation.
  • Agarwal invites suggestions for a new name, offering ₹3 lakh to the winner; highlights criteria including global appeal and tech-forward feel.
  • The new name is envisioned to be bold, one-word, not culture-specific, and with a .com domain available.
  • The chosen name may also be used for the premium hotels app OYO is planning to launch; company gearing up for IPO in Q4 of current fiscal year.

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