India’s second most valuable startup start-up, OYO Hotels, has appointed former IndiGo president Aditya Ghosh as its new chief executive officer (CEO) for India and South Asia market with effect from 1 December 2018.
Today, we welcome Aditya Ghosh (@iamadityaghosh) as the Chief Executive Officer for OYO Hotels, India and South Asia to lead the next wave of growth at OYO. Here’s to the newest #OYOpreneur joining OYO’s mission of creating beautiful living spaces! pic.twitter.com/VN484uPTsu
— OYO (@oyorooms) November 15, 2018
“Delighted to share that I have signed up as the CEO for
@oyorooms – South Asia and partner with @riteshagar in its global expansion. Awesome opportunity to deliver high quality accommodation in the best of locations at affordable prices in the best of locations across the world!” tweeted Aditya Ghosh.
Aditya joins India’s newest unicorn following a stint at IndiGo as the president and wholetime director of the airline, where he was instrumental in making Indigo famous for its ‘before-time departure’ concept.
In his new role, Aditya Ghosh will focus on continuing to drive growth while delivering high-quality customer experience and sustained yields for asset owners.
In October, Oyo raised $800 million from Japan’s SoftBank Vision Fund and other investors, taking the company’s valuation to about $4 billion.
The Gurugram-based startup has set up operations in five countries within the last 12-18 months. The company is now present in India, China, Malaysia, the UK and Nepal.
OYO recently announced its presence in 26 Chinese cities, including Hangzhou, Xian and Guangzhou. The hotel chain employs more than 1,000 people in China.
Founded in 2013 by Ritesh Agarwal, 24, OYO was one of the breakout startups from the funding boom of 2015, raising a surprise $100 million from SoftBank. It began as a marketplace, today controls room inventory and is bullish on its new brand, Townhouse.
The brand was launched in January 2017 and played a key part in improving Oyo’s image with customers.
Click here for Latest News updates and viral videos on our AI-powered smart news genie