OYO, the travel tech platform, has announced its first profitable fiscal year in 2023-24, recording a net earning of nearly Rs 100 crore. Founder Ritesh Agarwal shared this milestone achievement on Thursday, expressing optimism about the company’s growth prospects.

In a post on social media platform X, Agarwal highlighted the significance of this achievement. “While a delighted customer or a hotel partner brings the biggest smile on my face, our first cut financials of FY24 have me humbled as well,” he wrote.

Agarwal also emphasized OYO’s expansion plans, noting that growth is anticipated not just in India but also in other key markets such as the Nordics, Southeast Asia, the US, and the UK. This positive financial performance marks a pivotal moment for OYO as it continues to expand its global footprint and enhance its service offerings.

The announcement underscores OYO’s successful turnaround and strategic focus on profitability, positioning the company for further growth and development in the competitive travel and hospitality sector.