New Delhi, June 9 -- Entries for suggesting names for Oravel Stays, a parent firm of Ritesh Agarwal led OYO, have begun and will close soon, the founder shared on Instagram, stating the winner will receive Rs.3 lakh. This comes amid the global travel tech platform getting ready to launch its Initial Public Offering (IPO).

Ritesh mentioned that the ideal name should be bold and one-word, global in appeal, not rooted in any single culture or language. It should feel tech-forward, sharp, yet human and memorable. The name must be broad enough to evolve beyond hospitality, and ideally, the .com domain should be available. He's offering a prize of Rs.3 lakh to the winner, along with an opportunity to meet him.

"We're renaming the corporate br...