This step is said to enable different business segments to grow independently
OYO is currently present in more than 800 cities across 80 countries
The company was last valued at $5 Bn.
Indian hospitality unicorn, OYO Rooms is undergoing a structural restructuring to streamline its operations and investor profiles. The company segmented its business under two entities separately handling Indian hotel business, and international and technology business.
The parent company, Oravel Stays will transfer the Indian Hotel Business to its subsidiary Alcott Town Planners. While, the Oravel Stays will continue housing the technology and international business arms of the company. The reason for this segmentation is said to be the company’s segment specific capital requirements, nature of risk, competition, human, and skill-set requirements among other needs.