Oyo
Oyo's parent Prism is growing fast, with FY26 revenue from operations of ₹9,358 crore, up 50%, and GBV up 88.5% to ₹30,683 crore (ET Small Business, 27 Aug).
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Background
From 8 stories, the newest dated 2 Oct 2026. Summary written 3 Oct 2026.
Oyo is a hospitality company whose parent is Prism, listed in coverage as Oravel Stays Limited. [1] source: ET Hospitality[2] source: Business Standard
Show 3 more paragraphs and 8 sources
Prism's hotel offerings include Sunday Hotels four-star properties and Townhouse. [3] source: Medianama[4] source: ET Hospitality Founder Ritesh Agarwal said in September 2026 that AI agents are running finance functions such as receivables, payables, treasury and taxation, and are also advancing hotel back-office productivity. [3] source: Medianama
Medianama reported that Prism posted FY26 revenue from operations of Rs 9,358 crore, up 50% YoY, and gross booking value of Rs 30,683 crore, up 89% from Rs 16,279 crore. [5] source: Medianama FY26 net profit was Rs 994 crore versus Rs 245 crore in FY25, and EBITDA was Rs 259 crore. [5] source: Medianama The results were aided by the G6 Hospitality acquisition. [5] source: Medianama Prism has SEBI approval for a Rs 6,650 crore IPO. [6] source: Financial Express About Rs 4,987.5 crore of the fresh issue is meant for debt repayment or prepayment, and an updated draft was submitted on June 30, 2026. [4] source: ET Hospitality In September 2026 Fitch revised Prism's outlook to Positive from Stable, expecting leverage to fall to 3.8x by FY28 from 5.2x at the end of FY26. [1] source: ET Hospitality Oyo is also building hotel infrastructure for expected demand around Nashik's Simhastha Kumbh. [4] source: ET Hospitality
Ritesh Agarwal ranks ninth on the M3M Hurun youngest rich listers ranking, with ₹19,900 crore. [7] source: CNBC-TV18 Payments firm Adyen counts Oyo among Indian clients expanding overseas. [8] source: The Hindu BusinessLine
Sources
Questions about Oyo
What are Oyo's expansion plans?
In September 2026 Oyo was building hotel infrastructure, including Sunday Hotels four-star properties, for expected demand around Nashik's Simhastha Kumbh. Nashik is the city named for this build-out. [4] source: ET Hospitality
Who owns Oyo?
Oyo's parent company is Prism, which is also referred to as Oravel Stays Limited. Fitch and Business Standard both describe Prism as the parent of Oyo in September 2026 coverage. [1] source: ET Hospitality[2] source: Business Standard
Who leads Oyo?
Ritesh Agarwal is the founder of Oyo. In September 2026 he said AI agents are being used across finance and hotel back-office operations at Oyo's parent Prism. [7] source: CNBC-TV18[3] source: Medianama
What is Oyo's current strategy in India?
In September 2026 Oyo's parent Prism aimed to launch a Rs 6,650-crore IPO this fiscal, mainly to reduce debt. [4] source: ET Hospitality It is also using AI agents in finance and hotel back-office work. [3] source: Medianama In FY26 it grew through the G6 Hospitality acquisition. [5] source: Medianama
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