India, May 8 -- OYO's net profit more than doubled year-on-year in FY25, with the hospitality major becoming the "most profitable startup in the country", its founder and CEO Ritesh Agarwal told employees during a townhall meeting today, as per sources.

The sources said Agarwal informed the employees that the startup's net profit jumped 172% to INR 623 Cr in FY25 from INR 229 Cr in the previous fiscal year. Its top line grew 20% to INR 6,463 Cr from INR 5,388.7 Cr in FY24, on the back of a 54% year-on-year (YoY) increase in its gross booking value to INR 16,436 Cr.

The SoftBank-backed startup's adjusted EBITDA grew 27% to INR 1,132 Cr in FY25 from INR 889 Cr in the previous year.

Founded in 2012 by Agarwal, OYO provides affordable acco...