OYO’s Leadership Shake-Up: Five Key Promotions as Company Prepares for IPO

OYO has made changes to its top leadership team as it prepares for its upcoming IPO. On Friday, the company announced five new appointments:

• Sonal Sinha has been named Chief Operating Officer (COO) for International operations.
• Rachit Srivastava will serve as the COO for OYO Vacation Homes in Europe.
• Shashank Jain is now the Head of Technology & Online Revenue.
• Pankhuri Sakhuja will lead the German home listings business called Traum and the flex-space business Innov8.
• Ashish Bajpai has been promoted to Head of Revenue & Global OTA (online travel agency).

OYO’s Founder and Group CEO, Ritesh Agarwal, commented on these changes, saying, “As we work towards our growth goals, being flexible and taking quick action are key parts of our strategy. Our leaders are constantly adjusting their roles to keep up with market changes and push our business forward. I want to congratulate Sonal, Rachit, Shashank, Pankhuri, and Ashish on their new positions. They have been with OYO for a long time and know our values well, playing an important role in our success.”

In addition, OYO’s Global COO and Chief Product Officer, Abhinav Sinha, will transition to an advisory role starting January 2025. Ayush Mathur, the President of OYO Europe, will leave to start his own business. Agarwal expressed pride in OYO’s entrepreneurial culture, where many employees go on to create their own companies. He wished Abhinav and Ayush the best in their new ventures and offered to support them in their future business efforts.