OYO appoints Betsy Atkins as independent director of company board

Eloise Hanson Eloise Hanson Uploaded 22 November 2019


UK: OYO Hotels & Homes has announced Betsy Atkins, CEO and founder of Baja Corporation, will join its team of international and independent board members.

Atkins will be joining Mark Schwartz, vice chairman of Goldman Sachs and chairman of Goldman Sachs Asia Pacific; Munish Varma, managing partner of Softbank Vision Fund; Bejul Somaia, partner of Lightspeed India Partners Advisors; and Mohit Bhatnagar, managing director of Sequoia Capital India Advisor.

Atkins will supervise and provide guidance to the founder and management teams on key business decisions, and will help to build a culture that promotes and natures diversity and inclusion.

At Baja Corporation, she has built three early-stage funds and made early seed investments in consumer and enterprise software companies. Prior to this, Atkins co-founded enterprise software companies in industries such as energy, healthcare and networking.

She therefore comes to the role with experience in corporate governance, driving tech-enabled efficiencies in business operations, as well as ensuring strong business economics.

"OYO, with its unique asset-light business model and strong data capabilities, is creating something entirely new for the more than three billion middle-income travellers and city dwellers who need accommodations that meet their standards and also their budgets," said Atkins. "I look forward to working with Ritesh, the management team, and my fellow board members as OYO strives to become the world's most beloved and preferred hotel brand".

Founder and group CEO, Ritesh Agarwal, added: "We are delighted to welcome Betsy to OYO's board of directors. Betsy brings tremendous operating and governance experience that will help us continue delivering on our mission to help the billions of middle-income people around the world gain access to quality accommodations at different price points. As we continue to grow and to deepen our relationships with asset owners and consumers around the world, we are fortunate to have someone of Betsy's calibre on our board of directors".

Argarwal, now 26, founded OYO when he was just 19-years old. Since launching the company, he has been awarded several honours including the Forbes 30 under 30 in Consumer Tech, Fortune 40 under 40, and the Businessworld Young Entrepreneur Award.

OYO today operates in over 800 cities in 80 countries, comprising more than 35,000 hotels with over 1.2 million rooms.


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