Oyo Rooms plans to expand to China and other countries

Tinuku - Oyo Rooms drew up plans for overseas expansion that increasingly confident about their business model and their ability to confront global rivals. Indian hospitality service and budget hotel network headquartered in Gurugram which has been present in 230 cities in India, Malaysia and Nepal are looking to expand to China and other international markets.

Oyo Rooms are increasingly confident about their platform's ability to attract customers and have seen a change in business driven by efforts to gain complete control of room inventory on their platforms. Oyo, who raised US$250 million in September last year, is also in talks to raise up to US$800 million.

Tinuku Oyo Rooms plans to expand to China and other countries

More and more startups in India, including the Ola cab-hailing service and Lenskart eyewear retailer are exploring overseas. Ola has expanded its presence in Australia by introducing services in Brisbane, Gold Coast and Canberra. These companies are also well funded where Ola raised US$1.1 billion last year and is in search of US$1 billion more.

The Indian market has become big and the startups have solved complicated problems on a scale, so they have a good base to apply solutions to the international market. In the past, several Internet startups including Practo Technologies healthcare technology, Zomato food technology platform and BookMyShow ticketing platform have grown in the global market.