Retailers Less Crowded Due to Increasing Online Holiday Sales, Here's how the Best Places to Work have led in 2020, Personalized Gift Industry Is Up and Blooming With Innovative Companies Entering the Space. * 1 Ancient history * 2 Yoruba origin mythology * 3 After Oduduwa * 4 Golden age Sango: History of the third Alaafin of Oyo (Olukoso Ayaran Ina) By Ayeni Tolulope. It focuses on standardizing the hotels in the non-branded hospitality sector. OYO Hotel and Casino Las Vegas, formerly Hooters Casino Hotel, is located at the south end of the Las Vegas Strip. OYO Rooms is an Indian virtual hospitality brand. OYO in March 2019, announced a 1400 cr investment in its India and South Asia businesses over 2019 as a part of its efforts to increase infrastructure, strengthen technology and internal capability. "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", Sharing of customer data with the government, "With 8.5 lakh rooms, Oyo claims third spot globally", "How OYO became India's 3rd best company to work for in just 6 years", "OYO claims to be second-largest hotel group in China", "OYO Rooms Goes International; Launches in Malaysia", "OYO expands international presence with hotel launch in Nepal", "OYO and SoftBank form JV to launch hotels business in Japan", "OYO expands international presence entering Sri Lanka", "Hotel Unicorn Oyo Plots $300 Million Push into the U.S. Market", "At 21, He's the Mind Behind Multi-Million Dollar Start-Up OYO", "How OYO's Ritesh Agarwal transformed the business of budget accommodation", "HOW OYO ATTAINS HUGE HEIGHT IN THE MARKET AFTER USING AWS SERVICES", "Oravel founder Ritesh Agarwal wins Thiel Fellowship", "Ritesh Agarwal: Interview with founder of Peter Thiel-backed Oyo". According to traditions, Oyo derived from a great Yoruba ancestor and hero, Oduduwa, who likely migrated to Ile-Ife and whose son became the first alaafin (alafin), or ruler, of Oyo. A teenage boy who is not only a millionaire but also the founder and CEO of OYO rooms, the fastest growing branded network of hotels both online and offline. In April 2019, OYO announced a strategic global distribution partnership with bedbank Hotelbeds. [21], The company is currently valued at $10 billion[22] as per the last round of funding. Our History Oyo State, popularly referred to as the “Pace Setter” is one of the 36 States of the Federal Republic of Nigeria. He was the son of Oduduwa. Unlike other Yoruba states, which were located in the forest area, Oyo was situated in woodland savannah. [14][15] OYO currently has over 17,000 employees globally,[16][17][18] of which approximately 8000 are in India and South Asia. Organization chart. Oyo, by now had expanded to Kolkata, Mumbai, Goa, Bangalore and was spreading at a massive pace. Go ahead, explore. In the Yoruba myth of creation of the universe, “Olódùmarè” is the Supreme Creator, who delegated His powers to the “Òrìsà”, giving them the … The Oyo State House of Assembly Service Commission was established in year 2007 by a Law cited as “Oyo State House of Assembly Service Commission Law 2007”, as a statutory body for providing manpower requirements for the service of Oyo State House of Assembly. Group companies. Today it has more than 330,000 rooms in 500 cities globally. List of Offices. Online platforms for budget hotels in India have been in the news. HISTORY OF OYO KINGDOM : Oyo progressive indigenes union. OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels, homes, and spaces. You won’t need a taxi – just a comfy pair of shoes and a curiosity about the most entertaining street on the planet. It also became a unicorn in September when it raised funding of $800 million from SoftBank and already had raised $200 million from its existing investors. Oyo like all African states on the coast engage in the slave trade. The Yoruba of Oyo went through an interregnum of 80 years as an exiled dynasty after its defeat by the Nupe. The history of the Yorubas is not yet well established. [24], In Feb 2019, Oyo got $100 million from a Chinese company (DIDI CHUXING) [25], In October 2019 – Series F funding of $1.5 billion led by SoftBank Group, Lightspeed Venture Partners and Sequoia India. It was recorded that the Alaafin (king) of the Oyo empire ordered Lagelu who was then the commander of armed forces (Are-Ona-Kakanfo) in Oyo, and some of his best men in Oyo, Ilesa and Ogbomosho to build a war camp for warriors coming from Ijebu, Ife and Egba kingdoms. Corporate Profile. Unlike other Yoruba states, which were located in the forest area, Oyo was situated in woodland savannah. Nepal and Malaysia was just a hint of the monstrous development that was to follow. As of July 1, 2019. In the Oyo model, hotels are not owned, instead Oyo ties up with certain hotels and acquires a few rooms to be given to people who want to avail the services of OYO. "The rise (and fall?) The 13 th Alaafin, king Abipa, introduced the Bebe festival.The 14 th Alaafin rebuilt the old capital. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. OYO Hotels & Homes was founded by Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel). Thus at the mere age of 17, he launched Oravel travels, which he modelled after Airbnb. [1][2][3][4] Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. Stay informed and join our daily newsletter now! Oyo rose to become the most important city state, surpassing Ife during the 1300s. After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he renamed Oravel to OYO in 2013. These include: In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. Oyo, a pre-colonial kingdom in present-day Nigeria, was founded in the 1300s.Established by Oranmiyan of the Yoruba people of West Africa, Oyo quickly grew to become one of the most powerful states in the Yoruba-speaking region. Sàngó is a divinity among the Yoruba Òrìsà Pantheon, related to the mythology of the Yoruba Indigenous Religion known as “Èsìn Òrìsà Ìbílè”. Ritesh Agarwal (OYO Rooms Founder): Success Story & Life-History. It's a managed marketplace of properties. Oyo's 8-year-old Journey is a Quintessential Indian Legend in the Book of Business World Stories (Infographic) Oyo has transformed itself from being a … Lies About Oyo Empire / Yoruba's After The Fall Of Oyo Empire / Oyo Empire - 1300CE (1) (2) (3) ( Reply ) ( Go Down ) Re: History Of The Oyo Empire by sammyjay3 ( m ): 1:50pm On Jul 03 , 2014 Curious case of the missing Oyo. [23], In September 2018, OYO raised $1 billion, of which the RoC filing for the amount of $100 million raised from Star Virtue Investment Ltd. was made on 13 February 2019. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. July 2015- Oyo bagged $100 million in Series C Round of funding from Japanese investor SoftBank. History . OYO Hotels & Homes is a full-fledged hotel chain that leases and franchises assets. As of June 27, 2019. of OYO ... perhaps the world's fastest growing hospitality brand from India, offering "tasteful spaces, whenever you need them, at unbeatable prices. Oyo and its environs, 1625 AD. Posted on August 15, 2019. Duncan was not the inventor of the yo-yo; they have been around for over twenty-five hundred years. Home [30], In March 2016, OYO acquired the team of Qlik Pass, founded by Rahul Gupta & Rishi Swami to setup and lead its Data Science Department.[31]. After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he renamed Oravel to OYO in 2013. Oyo state is traversed by the Yoruba Hills in the north. 2011- Ritesh Agarwal, an 18-year-old college dropout, seemed to harbour dreams of entrepreneurship which compelled him to take the plunge with his first start-up Oravel. Oyo, state, western Nigeria. The Oyo forged an empire thanks to their formidable cavalry units and so came to dominate other Yoruba peoples of the region. History of Oyo State Oyo state was one of the three states carved out of the old western state of Nigeria on the 3 rd of February 1976 during states creation exercise which originally included Osun state but was later divided in 1991. "OYO to add over 3,000 employees in India", "OYO plans mass recruitment in India to boast of 12k staff by year-end", "OYO announces Rs 1,400 crore investments, launches new property 'Collection O' targeting millennials", "Have created over 1 lakh direct and indirect jobs in India: OYO", "OYO opens Gurgaon campus, plans to launch a skill training center", "India's Oyo valued at $10B after founder purchases $2B in shares", "India's budget hotel startup OYO raises $1B for international growth", "China's Didi Chuxing invests $100 million in Oyo", "Oyo gets $100 million from China's ride-hailing giant Didi Chuxing", "Ritesh Agarwal to invest $700M in Oyo's new $1.5B financing round", "Ritesh Agarwal's Cayman based firm to bring funds to Oyo", "Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding", "Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake", "OYO has seen 4.4 times y-o-y growth in revenue in June 2019, says founder and group CEO Ritesh Agarwal", "OYO acquires Chennai's Novascotia Boutique Homes", "Oyo acquires Chennai-based Novascotia Boutique Homes to expand corporate offering", "OYO acquires wedding marketplace Weddingz", "Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnership", "Airbnb confirms stake in India's OYO, sources say it invested $150M-$200M", "India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition", "Oyo buys Las Vegas Hooters Hotel in its first US purchase", "India's Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel", "Budget hotel chain OYO launches OYO Townhouse", "In trying to be the Indian Airbnb, OYO may be turning too cumbersome", "Unlocking Homes for Great Holiday Experiences", "Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M", "OYO to acquire Amsterdam based vacation rental company @Leisure Group", "Oyo to invest $335M in vacation rental business in Europe push", "OYO to scale up its SilverKey hotels portfolio to 19 cities across India", "OYO plans big focus on serviced apartments for corporate clients", "India's Oyo launches Capital O hotels in the UAE", "Oyo forays into leisure segment with Palette Resorts", "OYO forays into upper-end leisure resorts category; launches Palette Resorts", "OYO woos biz travellers with Collection O; ups investment", "OYO's Collection O Hotels reaches milestone 175 buildings in 3 months", "Why OYO Life is betting big on the co-living market in India", "Oyo looks to enter student housing and co-working, to expand co-living segments", "OYO launches OPEN programme for asset owners", "Oyo Rooms wants to share digital record of your check-ins with government", "Oyorooms with new concept of data sharing with government authorities", "Budget hotels teaming up to take legal route against Oyo", "All's fair in talent war: Oyo targets staff at rivals", "Shocking! The Bashorun has the final say on the nomination of the new Alaafin, his power rivalling the king himself. Established in the 15th century, the Oyo Empire grew to become one of the largest West African states. [65], In October 2020, a 19 year old student was gang raped in an Oyo hotel room. Oranmiyan was the first king and the founder of the Oyo empire. It is a user-friendly app that helps customers to book rooms directly. Same as Oyo Rooms booking history, there is no direct option to delete the Oyo Rooms account, but still, you can delete your Oyo Rooms account by sending an email to [email protected] and [email protected] from your registered email address requesting Oyo Rooms to delete your Oyo … The intention of this timeline is not to applaud Oyo for its success. 2019- With the backing of Greenoaks, Sequoia India, Lightspeed India, Hero enterprise and China Lodging Group as its solid group of investors, Oyo is not far from becoming a global success story, perhaps to some extent it has. 2013- Agarwal was also selected for Thiel Fellowship, a 2-year-old program started by the founder of Paypal which gave him funding of $100,000 to pursue and make real the idea of his start-up. Oyo, a pre-colonial kingdom in present-day Nigeria, was founded in the 1300s.Established by Oranmiyan of the Yoruba people of West Africa, Oyo quickly grew to become one of the most powerful states in the Yoruba-speaking region. Oyo Rooms (stylised as OYO), also known as Oyo Hotels & Homes, is an Indian hospitality chain of leased and franchised hotels, homes and living spaces. This year proved to be a financially fulfilling year. The portfolio combines fully operated real estate … history of oyo The ancient Oyo Empire, established by the Yoruba people, controlled a wide area between the Volta and Niger and rivers by the mid seventeen century. The people created a government that established its power over a vast empire. 2015- In March of this year, Oyo received funding of a whopping amount of $25 million from its investors namely Lightspeed India, Seqoiua and others. With a current valuation of nearly 360Cr, OYO rooms does nothing out of the box but provides travellers the coolest yet cheapest efficient, young, standardized rooms with no add-ons attached to it! The Oyo Empire, with its capital at Old Oyo near the Niger River, prospered on regional trade and became a central facilitator in moving slaves from Africa’s interior to … Oyo rose to become the most important city state, surpassing Ife during the 1300s. Read More. Oranmiyan was a very brave and warlike king. [37], In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, Europe's largest vacation rental company. The 15 th Alaafin, Obalokun introduced salt.. In March 2018, OYO acquired Chennai-based service apartment operator Novascotia Boutique Homes[32][33] marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay. In December 2012, OYO Rooms received seed funding. The history of the Yorubas is not yet well established. [36] The Oyo Empire was a Yoruba empire, and the Largest empire ever existed in West Africa, occupying most of what’s is today Southern Nigeria, expanding its territory to the nearby Republic of Benin. Entrepreneur India. history of oyo The ancient Oyo Empire, established by the Yoruba people, controlled a wide area between the Volta and Niger and rivers by the mid seventeen century. Linguistic evidence suggests that two waves of immigrants came into Yorubaland between 700 and 1000, the second settling at Oyo in the open country north of the Guinea forest. During the 17th century, Oyo began a long stretch of growth, becoming a major empire. [62], In 2018, the company sent mass unsolicited job offer emails targeting senior- and mid-level employees of competitors. [12][13], OYO partners with hotels to give similar guest experience across cities. History of OYO Corporation Overview of our history from 1957 to 2017. Based to a large extent on the dynastic tradition of the formerly dominant Oyo clan, it is presently in the process of re-evaluation. Conquering the Asian Territory and Stepping into the International Markets. The capital of the state was moved from old Oyo (Katunga) in 1930s and the Alaafin (Lord of the palace) of Oyo kingdom still reside in the city. [63], Oyo has been involved in numerous rape scandals. The Oyo Empire flourished from the 17th to 19th century CE in what is today southwest Nigeria. The history of Ibadan was traced to the reign of the great old Oyo empire (Oyo-Ile). Oyo state is traversed by the Yoruba Hills in the north. [26], Founder & CEO, Ritesh Agarwal, through RA Hospitality Holdings (Cayman)[27][28] in 2019 signed a $2 billion primary and secondary management investment round, supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals. OYO Rooms, OYO Hotels & Homes has a multi-brand approach. In 2012, Ritesh Agarwal launched Oravel Stays to enable listing and booking of budget accommodations. The Oyo Kingdom, as with other states of the Yoruba people in the southern coastal area of West Africa (modern Nigeria), claimed descent from an exiled king of Ife (11-15th century CE). Oyo state was one of the three states carved out of the old western state of Nigeria on the 3 rd of February 1976 during states creation exercise which originally included Osun state but was later divided in 1991. The empire harbours two great forest reserves in Oke Ogun and Oyo-Ile areas, which were upgraded to form the national park. The Oyo Empire was one of the most politically important states in the entirety of Western Africa from the mid-7th to the late 18th century, holding sway not … As of June 28, 2019. Oyo has transformed itself from being a mere start-up since its inception to becoming one of the most valuable unicorns in the world, Image credit: In 2018, a 22 year old woman was raped by the OYO rooms demand manager. In fact, the yo-yo is considered the second oldest toy in history, the oldest being the doll. Ritesh Agarwal has been a wayfarer himself and travelled across the country before launching OYO and during such travels he discovered the problem with budget hotels. Based to a large extent on the dynastic tradition of the formerly dominant Oyo clan, it is presently in the process of re-evaluation. Oyo never encompassed all Yoruba-speaking people, but it was the most populous kingdom in Yoruba history. History of Oyo Town and Oyo Empire Oyo is a city in Oyo State, Nigeria, founded as the capital of the Oyo Kingdom in the 1830s and known to its people as 'New Oyo' (Ọyọ Atiba) to distinguish it from the former capital to the north, 'Old Oyo' (Ọyọ-Ile), which had been deserted as a result of rumors of war. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship from Peter Thiel. The teenage boy – Ritesh Agarwal is the young Founder & CEO of OYO Rooms – fastest growing Branded network of hotels offline & online. OYO Rooms manager arrested for raping woman in Gurgaon hotel", "Man raped and threatened to kill woman at Oyo Hotel", "19YO student gang-raped in OYO hotel at Kukatpally, three arrested", "Four arrested for rape of Delhi woman at a hotel in Hyderabad", "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", https://en.wikipedia.org/w/index.php?title=Oyo_Rooms&oldid=991927501, Short description is different from Wikidata, All Wikipedia articles written in Indian English, Articles with unsourced statements from April 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 2 December 2020, at 15:44. Has almost come up to 2000 hotels, 8,50,000 rooms and 46,000 vacation Homes across the globe and bookable.! So came to dominate other Yoruba states, which were located in the process of re-evaluation across.. Empire grew to become Oyo rooms received seed funding student was gang in! 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