Failed 2024

    OYO Rooms

    SoftBank poured $2B+ into a budget hotel chain that expanded to 80 countries before ensuring quality in one.

    Founded → Closed

    2013 → 2024

    Funding Raised

    $3.2B

    Industry

    Hospitality/Travel

    Country

    India

    IdeaProof AI Failure Score

    75/100
    Market Fit RiskBurn Rate RiskFounder Risk
    Market Fit Risk
    55
    Burn Rate Risk
    90
    Founder Risk
    40

    Full Analysis

    OYO Rooms branded itself as a tech-enabled budget hotel chain, standardizing rooms across thousands of properties. SoftBank invested over $2B, pushing aggressive global expansion to 80+ countries. But quality was inconsistent, hotel partners complained about commission rates, and the company's revenue was a fraction of what was claimed. OYO attempted an IPO multiple times but kept withdrawing. Valuation collapsed from $10B peak to under $3B.

    Could This Failure Have Been Prevented?

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