This company is run by a young entrepreneur. The acronym OYO refers for "on your own" rooms, which seems like something a teenager would come up with. Perhaps this is because OYO’s founder and CEO, Ritesh Agarwal, founded their company at the age of 19 leaving university. The idea came to Agarwal while he was making a bag of captives in India and noted his lack of confidence and foresight when choosing a place to live.