India: Budget hotel aggregator OYO Rooms to foray into food tech, on-demand housekeeping services

Visuals taken from OYO Rooms website

Budget hotel aggregator OYO Rooms is planning to venture into food technology business under brand OYO Cafe and also looking to provide housekeeping services, according to an Economic Times (ET) report.

As part of this strategy, OYO Rooms will aggregate its listed hotels’ kitchen for the food tech platform.

“Our partner hotels’ kitchens have excess inventory and we will see if we can utilise that and use food tech platforms like Zomato or Swiggy to distribute that food then that’s a revenue generation potential for our partner,” said Maninder Gulati, head of strategy and corporate development at OYO in the ET article.

Gulati, who was principal at VC firm Lightspeed Venture Partners India with over a decade of experience, joined the company last month only.

Recently, online travel aggregator MakeMyTrip launched its own budget rooms brand Value+. Prior to that, Goibibo launched its GoStays to facilitate booking budget accommodation.

These two companies along with Yatra, have blocked OYO Rooms and its competitor Zo Rooms as they want to protect their share in the hotel bookings space, which is a high margin category.

OYO Rooms competes with  Treebo Hotels, Fabhotels, Wudstay, Zen Rooms, Zip Rooms, Vista Rooms and RoomOnCall.

Last month, ET reported that both the hotel aggregators OYO and Zo are in talks with investors to raise as much as $400 million.

Also Read: 

After dominating online travel in Europe, Booking.com targets China, US growth, says chief executive Darren Huston

In India, mobile apps key medium to book holidays, avail deals: Yatra’s Sharat Dhall

Homestay aggregator MyIndianStay raises $200k in angel funding

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.