OYO reports maiden profitable fiscal year with ₹100 crore, says founder Ritesh Agarwal

Travel tech platform OYO reported financial year 2023-24 as the maiden profitable fiscal year with net earnings of nearly ₹100 crore, founder Ritesh Agarwal said on Thursday.

In a post on social media platform X, Agarwal said he sees growth ahead “not just in India” but also in OYO’s other key markets of the Nordics, Southeast Asia, the US and the UK.

“While a delighted customer or a hotel partner brings the biggest smile on my face, our first cut financials of FY24 have me humbled as well,” Agarwal shared.