Oyo's US acquisitions push over half business, India under 12%
Business
Oyo's latest IPO filing shows a major shift: over half of its business now comes from the US while India's share has dropped below 12%.
Once known as an Indian budget hotel brand, Oyo's big leap overseas was powered by buying up companies like G6 Hospitality (behind Motel 6 and Studio 6) in the US and Leisure Group in Europe.
Oyo readies SEBI approved ₹6,650cr IPO
Getting ready for a ₹6,650 crore IPO approved by the Securities and Exchange Board of India, Oyo reported ₹6,941 crore in revenue and ₹748 crore profit for the first nine months of fiscal 2026.