[35] The company also announced two joint-venture with Softbank and Yahoo!Japan. 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 … [66], In August 2017, a 20 year old was raped in Oyo City hotel located at Banjara Hills. [62], In 2018, the company sent mass unsolicited job offer emails targeting senior- and mid-level employees of competitors. Oranmiyan was a very brave and warlike king. Oyo now had the backing of one of the most prominent and powerful investors in the world. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. [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. OYO Rooms is an Indian virtual hospitality brand. of OYO ... perhaps the world's fastest growing hospitality brand from India, offering "tasteful spaces, whenever you need them, at unbeatable prices. Oyo Empire(1600-1836) was a Yoruba empire, located in present day Nigeria and Benin. 2016- In January, first month of the year itself, the hotel chain hit the 1 million check-ins mark and also made an advent outside India into the Asia Pacific market, beginning with Malaysia. Sàngó is a divinity among the Yoruba Òrìsà Pantheon, related to the mythology of the Yoruba Indigenous Religion known as “Èsìn Òrìsà Ìbílè”. In April 2019, OYO announced a strategic global distribution partnership with bedbank Hotelbeds. Its branding provides a franchise-like consistency of product. It has almost come up to 2000 hotels, 20,000 rooms and 100 cities in India. 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. [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. Conquering the Asian Territory and Stepping into the International Markets. "The rise (and fall?) [59], In 2019, OYO rooms plans to implement a digital register mechanism which will allow it to share customer data in real time with the government. Group companies. And Agarwal, still young and who has a long way ahead plans to make it the world’s largest oldest chain by 2023! Oyo like all African states on the coast engage in the slave trade. [63], Oyo has been involved in numerous rape scandals. As of June 27, 2019. In 2018, a 22 year old woman was raped by the OYO rooms demand manager. 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. [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. However, it later branched out to become OYO rooms. [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]. [21], The company is currently valued at $10 billion[22] as per the last round of funding. History of Oyo State. Today it has more than 330,000 rooms in 500 cities globally. History has it that the Oyo empire is the traditional empire of Yoruba land, although not the seat of Oduduwa, the founder of the Yoruba tribe. 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 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. Enough has been said and done. Oyo was reduced in size when Osun state was created out of its eastern portion in 1991. Ritesh Agarwal (OYO Rooms Founder): Success Story & Life-History. [64], In 2019, a 26 year old woman was raped in an Oyo hotel room. Everything is within walking distance from our front doors. [14][15] OYO currently has over 17,000 employees globally,[16][17][18] of which approximately 8000 are in India and South Asia. The history of the Yorubas is not yet well established. OYO Hotels & Homes is a full-fledged hotel chain that leases and franchises assets. History . [65], In October 2020, a 19 year old student was gang raped in an Oyo hotel room. Oyo, state, western Nigeria. OYO Hotel and Casino Las Vegas, formerly Hooters Casino Hotel, is located at the south end of the Las Vegas Strip. OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels, homes, and spaces. Oyo, by now had expanded to Kolkata, Mumbai, Goa, Bangalore and was spreading at a massive pace. Posted on August 15, 2019. OYO has also set up 26 training institutes for hospitality enthusiasts across India. They re-established Oyo as more centralized and expansive than ever. The 22 nd Alaafin Ojigi was the first to make Dahomey a tributary of the Oyo kingdom. [38], In July 2019, OYO announced the acquisition of Innov8. It came into existence when bands of Yoruba renegades following the collapse of the Yoruba Oyo Empire, began settling in the area towards the end of the 18th century; attracted by its strategic location between the forests and the plains. 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. 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). 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 … 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. In 2018, the company acquired Weddingz.in, a Mumbai-based online marketplace for wedding venues and vendors marking its entry into the fragmented $40 billion wedding industry.[34]. 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 … Oyo rose to become the most important city state, surpassing Ife during the 1300s. HISTORY OF OYO KINGDOM : Oyo progressive indigenes union. 2017- Continuing its expansion aspiration, it launched a business in Nepal. It further Introduced upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. 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. 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. 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. For one, they are records of the lives and times of significant individuals whose histories intersect the trajectories of … 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. The Oyo Mesi developed as a check on the Alaafin’s power, preventing the Alaafin from being an autocrat; the Oyo Mesi compelled many Alaafin to commit suicide during the 17th and 18th centuries. The startup expanded globally with thousands of hotels, vacation homes and millions of rooms in India, Malaysia,[5] UAE, Nepal,[6] China, Brazil, Mexico, UK, Philippines, Japan,[7] Saudi Arabia, Sri Lanka,[8] Indonesia, Vietnam, the United States[9] and more.[10][11]. During his reign the river Niger was circumnavigated. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship from Peter Thiel. [1][2][3][4] Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. 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. As of July 1, 2019. Oyo Empire(1600-1836) was a Yoruba empire, located in present day Nigeria and Benin. The Bashorun has the final say on the nomination of the new Alaafin, his power rivalling the king himself. 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. The 15 th Alaafin, Obalokun introduced salt.. 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. Oyo is bounded by the states of Kwara on the north, Osun on the east, and Ogun on the south and by the Republic of Benin on the west. Organization chart. 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. The 13 th Alaafin, king Abipa, introduced the Bebe festival.The 14 th Alaafin rebuilt the old capital. As of January 1, 2019. Corporate Profile. Oyo like all African states on the coast engage in the slave trade. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. 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. 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 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. Oravel enabled listing and budget accommodation of hotel rooms and it, later on, got converted to become Oyo rooms. The people created a government that established its power over a vast empire. The company invests in capex,[19] hires GMs to oversee operations and customer experience as well as generating around a million job opportunities in India[20] and South Asia alone. 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. Our History Oyo State, popularly referred to as the “Pace Setter” is one of the 36 States of the Federal Republic of Nigeria. 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. The empire harbours two great forest reserves in Oke Ogun and Oyo-Ile areas, which were upgraded to form the national park. * 1 Ancient history * 2 Yoruba origin mythology * 3 After Oduduwa * 4 Golden age [37], In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, Europe's largest vacation rental company. 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. Oyo-Ile was founded. The tall and thin boy, Ritesh Agarwal has made a mark in the society when it comes to achieving great success at a very young age in life. Oyo was launched in Gurgaon. 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. Online platforms for budget hotels in India have been in the news. 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 Oranmiyan founded the Oyo nation after he had established the bini dynasty, making him the first Alaafin (ruler) of the Oyo kingdom. This year proved to be a financially fulfilling year. All autobiographies and biographies are significant documents. 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. Sango: History of the third Alaafin of Oyo (Olukoso Ayaran Ina) By Ayeni Tolulope. The History Of Ibadan. Unlike other Yoruba states, which were located in the forest area, Oyo was situated in woodland savannah. Home Established in the 15th century, the Oyo Empire grew to become one of the largest West African states. Directors & Executive officers. 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