here is a list of some notable startups founded by OYO alumni:
- Zolostays: Founded by Abhishek Kumar and Sandeep Saxena, Zolostays is a hospitality platform that provides managed housing solutions for students and young professionals.
- Nestaway: Founded by Amitava Saha and Smruti Juneja, Nestaway is a furniture rental startup offering managed housing solutions.
- Stanza Living: Founded by Anindya Dutta and Vineet Kumar, Stanza Living is a student housing startup that provides fully furnished apartments with amenities like housekeeping and laundry services.
- OYO Life: Founded by Ritesh Agarwal, OYO Life is a co-living startup that provides shared living spaces for young professionals.
- Revv: Founded by Kunal Kumar and Karan Jain, Revv is a car rental startup that offers self-drive car rentals in multiple cities in India.
- Ola Electric: Founded by Bhavish Aggarwal, Ola Electric is an electric vehicle company that manufactures and sells electric scooters and is working on developing electric cars.
- Urban Company: Founded by Abhiraj Bhal, Raghav Chandra, and Varun Khaitan, Urban Company is a home services platform that provides services like cleaning, plumbing, and pest control.
- MyGlamm: Founded by Darpan Sanghvi, Priyanka Gill, and Sanjaya Sehgal, MyGlamm is a beauty brand that sells cosmetics and personal care products online and through its stores.
- Pepperfry: Founded by Ambareesh Murthy and Ashish Shah, Pepperfry is an online furniture and home decor marketplace.
- Policybazaar: Founded by Yashish Dahiya and Alok Bansal, Policybazaar is an online insurance marketplace that allows users to compare and buy insurance policies.
This is just a small sample of the many startups that OYO alumni have founded. Many other successful ventures are out there, and the list continues to grow.
What could be the reason that OYO alumni have gone on to launch over 50 startups!!
There are several possible reasons why OYO alumni have launched over 50 startups:
Exposure and experience: Working at OYO, a high-growth startup, would have exposed its employees to various aspects of running a business, from product development and marketing to fundraising and operations. This firsthand experience could equip them with the skills and knowledge needed to launch their ventures.
Network and support: OYO has built a strong network of investors, mentors, and partners. Alumni might leverage these connections to secure funding, advice, and support for their startups. Additionally, the alumni network itself could serve as a valuable source of collaboration and support.
Entrepreneurial culture: OYO’s fast-paced, dynamic environment might have fostered an entrepreneurial spirit among its employees. They might have been encouraged to take risks, innovate, and think outside the box, qualities that are crucial for entrepreneurs.
Industry understanding: Many OYO alumni launch startups within the hospitality or related industries. Their experience at OYO would have given them a deep understanding of the market, its challenges, and opportunities, which could be valuable assets for their businesses.
Financial incentives: OYO offered ESOPs (Employee Stock Ownership Plans) to its employees, which could have provided them with financial resources to start their ventures upon leaving the company.
Market opportunity: The Indian startup ecosystem is booming, with increasing access to funding and support. This favorable environment could make launching a startup more attractive to OYO alumni.
It’s important to note that these are just some potential reasons, and the specific motivations of each OYO alumnus who launched a startup would vary.
Here are some additional points to consider:
- The number of startups launched by OYO alumni is impressive, but it’s worth noting that not all of them will be successful.
- Launching a startup is a risky endeavor, and many factors contribute to success or failure.
- While OYO’s experience may have played a role in the success of some alumni startups, it’s not the only factor.
Overall, the high number of startups launched by OYO alumni is a testament to the company’s impact on its employees and the broader Indian startup ecosystem.
