India: OYO Rooms appoints Anil Goel as chief technology officer

Hotels start-up OYO Rooms has appointed Amazon India’s Anil Goel as its chief technology officer (CTO).

Goel, who has 20 years of experience in technology infrastructure, served as the head of technology for customer returns and reverse logistics at Amazon India in Hyderabad for three years. Prior to this, he was the chief technology officer of Hike Messenger.

“Anil’s leadership, vast knowledge and diverse experience will provide added heft to the overall technology drive required in scaling up to meet and deliver the next phase of expansion at OYO,” said Ritesh Agarwal, founder and chief executive officer at OYO, in a statement.

Goel will be responsible for driving the technology strategy at OYO alongside leading its research and development teams, the company said.

“The complexities in delivering end-to-end stay solutions for guests and innovative and intuitive partner-management-systems along with the strong reliance on Tech to drive business, makes this a great opportunity to contribute to OYO’s future growth and evolution. I look forward to working with OYO’s vibrant and talented teams,” said Goel in a statement.

The move comes at a time when OYO is moving fast to retain its hold on the budget hotels market after the merger of MakeMyTrip and Ibibo Group, two large travel and hotels service providers. OYO’s properties are not listed on the platforms of both these aggregators.

OYO ties up with mid-and small-size hotels, taking on a percentage of their inventory, and sells the rooms on its platform under the OYO brand. The company mainly operates through two models: minimum guarantee model where it pays the hotel owner a pre-determined fee per room, and commission model where it offers a cut from the room tariff.

OYO claims it has 7,000 hotels across 200 cities in India.

Recently, in a departure from its existing model, it has started owning hotel properties. Under the “flagship” model, started in May this year, the company buys the lease to run a hotel for a certain period of time. OYO has about 60 hotels in India under this model.

Also Read:

India: Kalaari Capital-backed Grabhouse in talks with Oyo, NestAway for buyout
Indian budget hotel aggregator Oyo raises $62m from SoftBank

This article was first published on Livemint.com

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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.