OYO: Triumphing as India's Most Profitable Startup

Global travel tech platform OYO has emerged as the most profitable Indian startup with a Rs 623 crore profit after tax for FY 2024-25. The company saw a 172% rise in PAT. Significant growth in its gross booking value and revenue includes the launch of premium offerings.

Global travel tech platform OYO has achieved the status of the most profitable Indian startup, recording a profit after tax of Rs 623 crore in the 2024-25 financial year. Founder Ritesh Agarwal disclosed this to employees during a town hall meeting, according to sources.

Documents obtained by PTI reveal that OYO's unaudited financials boast a significant 172% increase in profit after tax (PAT), up from Rs 229 crore in the previous year. The company's adjusted EBITDA also saw a notable increase, reaching Rs 1,132 crore for FY25, marking a 27% year-on-year growth.

OYO's strategic expansion into premium offerings has played a vital role in its financial growth, with revenue rising to Rs 6,463 crore, a 20% increase from the previous year. The company has successfully integrated G6 Hospitality, alongside launching over 30 new Sunday Hotels across key regions.