OYO Hotel and Casino Las Vegas, formerly Hooters Casino Hotel, is located at the south end of the Las Vegas Strip. As of January 1, 2019. Oyo was reduced in size when Osun state was created out of its eastern portion in 1991. OYO in March 2019, announced a 1400 cr investment in its India and South Asia businesses over 2019 as a part of its efforts to increase infrastructure, strengthen technology and internal capability. It was recorded that the Alaafin (king) of the Oyo empire ordered Lagelu who was then the commander of armed forces (Are-Ona-Kakanfo) in Oyo, and some of his best men in Oyo, Ilesa and Ogbomosho to build a war camp for warriors coming from Ijebu, Ife and Egba kingdoms. history of oyo The ancient Oyo Empire, established by the Yoruba people, controlled a wide area between the Volta and Niger and rivers by the mid seventeen century. The Oyo Empire was one of the most politically important states in the entirety of Western Africa from the mid-7th to the late 18th century, holding sway not … [38], In July 2019, OYO announced the acquisition of Innov8. The Bashorun has the final say on the nomination of the new Alaafin, his power rivalling the king himself. This year proved to be a financially fulfilling year. Entrepreneur India. The history of the Yorubas is not yet well established. He was the son of Oduduwa. Oyo was launched in Gurgaon. History of Oyo Town and Oyo Empire Oyo is a city in Oyo State, Nigeria, founded as the capital of the Oyo Kingdom in the 1830s and known to its people as 'New Oyo' (Ọyọ Atiba) to distinguish it from the former capital to the north, 'Old Oyo' (Ọyọ-Ile), which had been deserted as a result of rumors of war. History of Oyo State. Oyo now had the backing of one of the most prominent and powerful investors in the world. This has been described as a threat to privacy. The 15 th Alaafin, Obalokun introduced salt.. [35] The company also announced two joint-venture with Softbank and Yahoo!Japan. Our History Oyo State, popularly referred to as the “Pace Setter” is one of the 36 States of the Federal Republic of Nigeria. With a current valuation of nearly 360Cr, OYO rooms does nothing out of the box but provides travellers the coolest yet cheapest efficient, young, standardized rooms with no add-ons attached to it! Today it has more than 330,000 rooms in 500 cities globally. During his reign the river Niger was circumnavigated. In 2019, OYO and Airbnb announced a strategic partnership with Airbnb investing in OYO and the company will list their properties on Airbnb platform. In the Yoruba myth of creation of the universe, “Olódùmarè” is the Supreme Creator, who delegated His powers to the “Òrìsà”, giving them the … Unlike other Yoruba states, which were located in the forest area, Oyo was situated in woodland savannah. Although archaeology has yet to discover concrete connections between the various successive states of what is today Nigeria, oral traditions, such as those in the Kingdom of Benin (13-19th century CE), located just to the east of Oyo, tell of a king of Ife who not only sent a prince to rule other areas of the region but also sent a mast… Conquering the Asian Territory and Stepping into the International Markets. HISTORY OF OYO KINGDOM : The Oyo Empire was a Yoruba Empire of what is today western Nigeria, north central Nigeria and Western Republic of Benin. Its pre-colonial history centered on militarism, imperialism and violence. After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he renamed Oravel to OYO in 2013. During the 17th century, Oyo began a long stretch of growth, becoming a major empire. Curious case of the missing Oyo. The Oyo Empire flourished from the 17th to 19th century CE in what is today southwest Nigeria. History of OYO Corporation Overview of our history from 1957 to 2017. 2014- In August of this year, Oyo received its first Series A funding. It further Introduced upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. Oyo has transformed itself from being a mere start-up since its inception to becoming one of the most valuable unicorns in the world, Image credit: Oyo like all African states on the coast engage in the slave trade. Corporate Profile. Oyo Rooms (stylised as OYO), also known as Oyo Hotels & Homes, is an Indian hospitality chain of leased and franchised hotels, homes and living spaces. History of Oyo State Oyo state was one of the three states carved out of the old western state of Nigeria on the 3 rd of February 1976 during states creation exercise which originally included Osun state but was later divided in 1991. [67], 68. * 1 Ancient history * 2 Yoruba origin mythology * 3 After Oduduwa * 4 Golden age Oyo is bounded by the states of Kwara on the north, Osun on the east, and Ogun on the south and by the Republic of Benin on the west. [14][15] OYO currently has over 17,000 employees globally,[16][17][18] of which approximately 8000 are in India and South Asia. The Old Oyo Empire held sway not only over most of the other kingdoms in Yorubaland but also over nearby African states, notably the Fon Kingdom of Dahomey in the modern Republic of Benin to the west. Oyo, state, western Nigeria. As of June 28, 2019. Unlike other Yoruba states, which were located in the forest area, Oyo was situated in woodland savannah. Home [65], In October 2020, a 19 year old student was gang raped in an Oyo hotel room. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. The capital of the state was moved from old Oyo (Katunga) in 1930s and the Alaafin (Lord of the palace) of Oyo kingdom still reside in the city. Process Excellence and Customer Satisfaction: Can Disruptors Have Both. Oyo rose to become the most important city state, surpassing Ife during the 1300s. The Yoruba of Oyo went through an interregnum of 80 years as an exiled dynasty after its defeat by the Nupe. However, it later branched out to become OYO rooms. [59], In 2019, OYO rooms plans to implement a digital register mechanism which will allow it to share customer data in real time with the government. The history of the Yorubas is not yet well established. It also became a unicorn in September when it raised funding of $800 million from SoftBank and already had raised $200 million from its existing investors. Oranmiyan founded the Oyo nation after he had established the bini dynasty, making him the first Alaafin (ruler) of the Oyo kingdom. [29], In 2019, OYO registered a revenue of USD 951 million, a 4.5 times increase on a year on year basis, as compared to USD 211 million. Oyo state is traversed by the Yoruba Hills in the north. Oyo, a pre-colonial kingdom in present-day Nigeria, was founded in the 1300s.Established by Oranmiyan of the Yoruba people of West Africa, Oyo quickly grew to become one of the most powerful states in the Yoruba-speaking region. The 13 th Alaafin, king Abipa, introduced the Bebe festival.The 14 th Alaafin rebuilt the old capital. Oyo mesi can be regarded as kingmakers. The empire harbours two great forest reserves in Oke Ogun and Oyo-Ile areas, which were upgraded to form the national park. The Oyo Empire, with its capital at Old Oyo near the Niger River, prospered on regional trade and became a central facilitator in moving slaves from Africa’s interior to … A teenage boy who is not only a millionaire but also the founder and CEO of OYO rooms, the fastest growing branded network of hotels both online and offline. History . Oyo-Ile was founded. And Agarwal, still young and who has a long way ahead plans to make it the world’s largest oldest chain by 2023! Read More. [39], In August 2019, Oyo made its first major investment in the United States by purchasing the Hooters Casino Hotel, near the Las Vegas Strip, in partnership with US-based real estate company Highgate, for $135 million.[40][41][42]. Oyo's 8-year-old Journey is a Quintessential Indian Legend in the Book of Business World Stories (Infographic) Oyo has transformed itself from being a … Stay informed and join our daily newsletter now! The Oyo Empire was a Yoruba empire, and the Largest empire ever existed in West Africa, occupying most of what’s is today Southern Nigeria, expanding its territory to the nearby Republic of Benin. The tall and thin boy, Ritesh Agarwal has made a mark in the society when it comes to achieving great success at a very young age in life. Oyo Empire(1600-1836) was a Yoruba empire, located in present day Nigeria and Benin. Sango: History of the third Alaafin of Oyo (Olukoso Ayaran Ina) By Ayeni Tolulope. They re-established Oyo as more centralized and expansive than ever. April 2015- Oyo app was launched. "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", Sharing of customer data with the government, "With 8.5 lakh rooms, Oyo claims third spot globally", "How OYO became India's 3rd best company to work for in just 6 years", "OYO claims to be second-largest hotel group in China", "OYO Rooms Goes International; Launches in Malaysia", "OYO expands international presence with hotel launch in Nepal", "OYO and SoftBank form JV to launch hotels business in Japan", "OYO expands international presence entering Sri Lanka", "Hotel Unicorn Oyo Plots $300 Million Push into the U.S. Market", "At 21, He's the Mind Behind Multi-Million Dollar Start-Up OYO", "How OYO's Ritesh Agarwal transformed the business of budget accommodation", "HOW OYO ATTAINS HUGE HEIGHT IN THE MARKET AFTER USING AWS SERVICES", "Oravel founder Ritesh Agarwal wins Thiel Fellowship", "Ritesh Agarwal: Interview with founder of Peter Thiel-backed Oyo". The history of Ibadan was traced to the reign of the great old Oyo empire (Oyo-Ile). [60][61], OYO has been accused of using predatory pricing and not following its own agreements including threatening hotels to unilaterally change some of the clauses or not be paid. You won’t need a taxi – just a comfy pair of shoes and a curiosity about the most entertaining street on the planet. Oyo like all African states on the coast engage in the slave trade. It focuses on standardizing the hotels in the non-branded hospitality sector. In ancient Greece, the toy was made of wood, metal and terra cotta. OYO Hotels & Homes is a full-fledged hotel chain that leases and franchises assets. OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels, homes, and spaces. Thus at the mere age of 17, he launched Oravel travels, which he modelled after Airbnb. In December 2012, OYO Rooms received seed funding. Oranmiyan was a very brave and warlike king. In April 2019, OYO announced a strategic global distribution partnership with bedbank Hotelbeds. It came into existence when bands of Yoruba renegades following the collapse of the Yoruba Oyo Empire, began settling in the area towards the end of the 18th century; attracted by its strategic location between the forests and the plains. OYO Rooms, OYO Hotels & Homes has a multi-brand approach. Nepal and Malaysia was just a hint of the monstrous development that was to follow. In March 2018, OYO acquired Chennai-based service apartment operator Novascotia Boutique Homes[32][33] marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay. Posted on August 15, 2019. Sàngó is a divinity among the Yoruba Òrìsà Pantheon, related to the mythology of the Yoruba Indigenous Religion known as “Èsìn Òrìsà Ìbílè”. Enough has been said and done. [21], The company is currently valued at $10 billion[22] as per the last round of funding. [37], In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, Europe's largest vacation rental company. The mobile app was a catalyst in writing the success story of this hotel chain start-up that was to follow. [24], In Feb 2019, Oyo got $100 million from a Chinese company (DIDI CHUXING) [25], In October 2019 – Series F funding of $1.5 billion led by SoftBank Group, Lightspeed Venture Partners and Sequoia India. As of June 27, 2019. Oyo, a pre-colonial kingdom in present-day Nigeria, was founded in the 1300s.Established by Oranmiyan of the Yoruba people of West Africa, Oyo quickly grew to become one of the most powerful states in the Yoruba-speaking region. These include: In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. 2011- Ritesh Agarwal, an 18-year-old college dropout, seemed to harbour dreams of entrepreneurship which compelled him to take the plunge with his first start-up Oravel. Retailers Less Crowded Due to Increasing Online Holiday Sales, Here's how the Best Places to Work have led in 2020, Personalized Gift Industry Is Up and Blooming With Innovative Companies Entering the Space. The History Of Ibadan. In the Oyo model, hotels are not owned, instead Oyo ties up with certain hotels and acquires a few rooms to be given to people who want to avail the services of OYO. The startup expanded globally with thousands of hotels, vacation homes and millions of rooms in India, Malaysia,[5] UAE, Nepal,[6] China, Brazil, Mexico, UK, Philippines, Japan,[7] Saudi Arabia, Sri Lanka,[8] Indonesia, Vietnam, the United States[9] and more.[10][11]. The capital of the state was moved from old Oyo (Katunga) in 1930s and the Alaafin (Lord of the palace) of Oyo kingdom still reside in the city. Oyo never encompassed all Yoruba-speaking people, but it was the most populous kingdom in Yoruba history. Online platforms for budget hotels in India have been in the news. OYO has also set up 26 training institutes for hospitality enthusiasts across India. The company invests in capex,[19] hires GMs to oversee operations and customer experience as well as generating around a million job opportunities in India[20] and South Asia alone. As of July 1, 2019. The Oyo Mesi developed as a check on the Alaafin’s power, preventing the Alaafin from being an autocrat; the Oyo Mesi compelled many Alaafin to commit suicide during the 17th and 18th centuries. Oyo and its environs, 1625 AD. The 22 nd Alaafin Ojigi was the first to make Dahomey a tributary of the Oyo kingdom. The intention of this timeline is not to applaud Oyo for its success. In 2018, the company acquired Weddingz.in, a Mumbai-based online marketplace for wedding venues and vendors marking its entry into the fragmented $40 billion wedding industry.[34]. List of Offices. For one, they are records of the lives and times of significant individuals whose histories intersect the trajectories of … Based to a large extent on the dynastic tradition of the formerly dominant Oyo clan, it is presently in the process of re-evaluation. Organization chart. Copyright © 2020 Entrepreneur Media, Inc. All rights reserved. The historical nature of the park, as home to the ruins of the famous old Oyo Empire in the 17th and 18th centuries, is a great insight. * 1 Ancient history * 2 Yoruba origin mythology * 3 After Oduduwa * 4 Golden age [62], In 2018, the company sent mass unsolicited job offer emails targeting senior- and mid-level employees of competitors. It came into existence with the break up of the old Western State of Nigeria during the State creation exercise in 1976 and it originally included Osun State, which was split off in 1991. The Oyo State House of Assembly Service Commission was established in year 2007 by a Law cited as “Oyo State House of Assembly Service Commission Law 2007”, as a statutory body for providing manpower requirements for the service of Oyo State House of Assembly. Group companies. of OYO ... perhaps the world's fastest growing hospitality brand from India, offering "tasteful spaces, whenever you need them, at unbeatable prices. 2018- This is the year that marked the establishment of the Oyo empire in Asia-Pacific and kick-started international proliferation by establishing operations in UK, UAE, Dubai, China, Singapore and Indonesia. It aggregates budget hotels and guesthouses, making inventory discoverable and bookable online. Duncan was not the inventor of the yo-yo; they have been around for over twenty-five hundred years. Oyo, by now had expanded to Kolkata, Mumbai, Goa, Bangalore and was spreading at a massive pace. Oravel enabled listing and budget accommodation of hotel rooms and it, later on, got converted to become Oyo rooms. Lies About Oyo Empire / Yoruba's After The Fall Of Oyo Empire / Oyo Empire - 1300CE (1) (2) (3) ( Reply ) ( Go Down ) Re: History Of The Oyo Empire by sammyjay3 ( m ): 1:50pm On Jul 03 , 2014 2013- Agarwal was also selected for Thiel Fellowship, a 2-year-old program started by the founder of Paypal which gave him funding of $100,000 to pursue and make real the idea of his start-up. Oyo Empire(1600-1836) was a Yoruba empire, located in present day Nigeria and Benin. Ritesh Agarwal has been a wayfarer himself and travelled across the country before launching OYO and during such travels he discovered the problem with budget hotels. The Oyo Kingdom, as with other states of the Yoruba people in the southern coastal area of West Africa (modern Nigeria), claimed descent from an exiled king of Ife (11-15th century CE). The teenage boy – Ritesh Agarwal is the young Founder & CEO of OYO Rooms – fastest growing Branded network of hotels offline & online. [23], In September 2018, OYO raised $1 billion, of which the RoC filing for the amount of $100 million raised from Star Virtue Investment Ltd. was made on 13 February 2019. Oyo rose to become the most important city state, surpassing Ife during the 1300s. [66], In August 2017, a 20 year old was raped in Oyo City hotel located at Banjara Hills. The real motive of this article that traces the journey of Oyo is to look in wonder at its meteoric rise, in an exceedingly short span of time, from being a hotel-chain start-up pursued by an 18-year-old college dropout to becoming an Asian obsession and gradually make its way into the international market. [36] Oyo was reduced in size when Osun state was created out of its eastern portion in 1991. Based to a large extent on the dynastic tradition of the formerly dominant Oyo clan, it is presently in the process of re-evaluation. "OYO to add over 3,000 employees in India", "OYO plans mass recruitment in India to boast of 12k staff by year-end", "OYO announces Rs 1,400 crore investments, launches new property 'Collection O' targeting millennials", "Have created over 1 lakh direct and indirect jobs in India: OYO", "OYO opens Gurgaon campus, plans to launch a skill training center", "India's Oyo valued at $10B after founder purchases $2B in shares", "India's budget hotel startup OYO raises $1B for international growth", "China's Didi Chuxing invests $100 million in Oyo", "Oyo gets $100 million from China's ride-hailing giant Didi Chuxing", "Ritesh Agarwal to invest $700M in Oyo's new $1.5B financing round", "Ritesh Agarwal's Cayman based firm to bring funds to Oyo", "Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding", "Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake", "OYO has seen 4.4 times y-o-y growth in revenue in June 2019, says founder and group CEO Ritesh Agarwal", "OYO acquires Chennai's Novascotia Boutique Homes", "Oyo acquires Chennai-based Novascotia Boutique Homes to expand corporate offering", "OYO acquires wedding marketplace Weddingz", "Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnership", "Airbnb confirms stake in India's OYO, sources say it invested $150M-$200M", "India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition", "Oyo buys Las Vegas Hooters Hotel in its first US purchase", "India's Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel", "Budget hotel chain OYO launches OYO Townhouse", "In trying to be the Indian Airbnb, OYO may be turning too cumbersome", "Unlocking Homes for Great Holiday Experiences", "Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M", "OYO to acquire Amsterdam based vacation rental company @Leisure Group", "Oyo to invest $335M in vacation rental business in Europe push", "OYO to scale up its SilverKey hotels portfolio to 19 cities across India", "OYO plans big focus on serviced apartments for corporate clients", "India's Oyo launches Capital O hotels in the UAE", "Oyo forays into leisure segment with Palette Resorts", "OYO forays into upper-end leisure resorts category; launches Palette Resorts", "OYO woos biz travellers with Collection O; ups investment", "OYO's Collection O Hotels reaches milestone 175 buildings in 3 months", "Why OYO Life is betting big on the co-living market in India", "Oyo looks to enter student housing and co-working, to expand co-living segments", "OYO launches OPEN programme for asset owners", "Oyo Rooms wants to share digital record of your check-ins with government", "Oyorooms with new concept of data sharing with government authorities", "Budget hotels teaming up to take legal route against Oyo", "All's fair in talent war: Oyo targets staff at rivals", "Shocking!
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