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OYO Renaming Parent Company to Fuel IPO Bid and Upscale Offerings

OYO has invited public entries for a one-word corporate identity with an available .com domain, setting up a June pitch from five banks to major shareholder SoftBank.

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Overview

  • Ritesh Agarwal launched a naming contest for Oravel Stays, offering ₹3 lakh and a meeting with him for a bold, tech-forward, globally resonant one-word name.
  • Sources say the selected name may also become the brand for OYO’s forthcoming premium hotels app as part of its premiumisation strategy.
  • Five investment banks, including Citi and Goldman Sachs, will present IPO proposals to SoftBank in London next month to shape OYO’s path to a March-quarter FY26 listing.
  • OYO’s net profit jumped 172% in FY25 to ₹623 crore and revenue grew 20% to ₹6,463 crore, strengthening its valuation ahead of the proposed IPO.
  • The company is accelerating investments in premium and mid-market serviced hotels across the UK, US and South America to support its upscale growth plans.