The company plans to invest $46.71 Mn (INR 338 Cr) in the UK
The UK business will be led by British entrepreneur Jeremy Sanders
The company will look to launch in 10 cities, including Manchester, Birmingham, Glasgow, and Edinburgh in the United Kingdom by 2020
OYO founder Ritesh Agarwal has taken another major step — after China, Malaysia, and Nepal, Agarwal has now expanded OYO’s presence to the United Kingdom.
In the next 15 – 18 months, OYO plans to offer over 5000 rooms. OYO has already started its operations in four properties in London that offer more than 80 rooms.