30-Jun-2026 10:58:37
Oyo's India Revenue Share Drops Below 12%; US Becomes Largest Market
Oyo's latest IPO filing shows a major shift in its business, with India contributing less than 12% of total revenue, while the US has emerged as its largest market. The transformation has been driven by acquisitions, including G6 Hospitality in the US and Leisure Group in Europe. During the first nine months of FY26, the US generated ₹12,022.5 crore in gross booking value, accounting for 52.4% of Oyo's global GBV. The company recently received approval for its ₹6,650-crore IPO.