Oyo files it's IPO. Highlights from the DRHP

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After the successful listing of Zomato, Indian start-ups have been gearing up for going public. After Paytm and Nykaa, Oyo the third most valued start-up in India filed draft papers with SEBI for Rs. 8,430 crore IPO. Here are some interesting bits from the DRHP;

Incorporated in 2021, Oyo offers full-stack technology products and services to small and medium businesses that own or operate hotels and homes and customers to book accommodations through their platform.

Oyo’s business model and offerings:


As of March 31, 2021, Oyo had 157,344 storefronts across more than 35 countries listed on our platform.

Average revenue of OYO-powered hotels and comparable independent hotels pre-COVID

Oyo’s unit economics compared for FY2020 and FY2021

Key Financial and Operational Performance Indicators

Here’s how India’s short-stay accommodation industry stack up against global peers;

In 2019, the total addressable market (TAM) for the short-stay accommodation market was US$1,267 billion. By 2030, the market is expected to grow up to US$1,907 billion.

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Early heads-up: Reports say that OYO is preparing fresh IPO documents where it will likely reduce its share sale offer size by one-third.

Debt, losses and poor cash flow are just some of the problems in its latest balance sheet. TMC has made available all its past archive of oyo articles (which lay bare all its shenanigans), as free-to-read for a limited time. Here’s the link:

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OYO has become AYYO