Oyo to rename parent amid premiumisation push

Oyo is planning to rename its parent company, Oravel Stays, as it increases its focus on premium offerings and plans to launch an initial public offering (IPO) soon.

In a post on the social media platform X, Oyo founder Ritesh Agarwal invited name suggestions for the parent firm. He offered a prize of Rs 3 lakh to the winner along with a chance to meet him.