Oyo, the global travel-tech company, has made significant changes to its leadership team by elevating five key executives. This move aligns with Oyo’s focus on innovation and operational excellence, as the company expands its footprint in both the hotel and vacation home sectors across different price ranges.
Key Leadership Changes
Sonal Sinha has been appointed as the new Chief Operating Officer – International, while Rachit Srivastava takes over as Chief Operating Officer of Oyo Vacation Homes (OVH) in Europe. Shashank Jain has been promoted to lead Technology and Online Revenue, and Pankhuri Sakhuja will head Traum-Ferienwohnungen, Oyo’s vacation listings business in Germany, alongside managing the company’s Innov8 flex-space business. Lastly, Ashish Bajpai has been elevated to Head of Revenue and Global OTA, overseeing the distribution and revenue growth of Oyo’s hotels and homes worldwide.
Leadership Vision
Oyo’s Founder & Group CEO, Ritesh Agarwal, congratulated the new appointees, saying, “As we grow, agility and quick decision-making are essential. These leaders have been with Oyo for a long time and understand the company’s values. Their contributions have been pivotal to our success, and I am confident that they will continue to lead Oyo to greater heights in their new roles.”
Sonal Sinha to Lead International Operations
In his new position, Sonal Sinha will oversee Oyo’s international business operations. His responsibilities include managing Oyo’s presence and driving growth in the United States, a key market for the company. He will also work on expanding Oyo’s footprint and enhancing the company’s revenue through strategic initiatives.
Rachit Srivastava to Continue Growth in Europe
Rachit Srivastava, who previously led Oyo’s Vacation Rentals Management Company (VRMC), will now lead Oyo Vacation Homes (OVH) in Europe. He will continue to focus on growth and customer satisfaction, leveraging his expertise to strengthen the company’s position in the vacation homes market.
Technology and Revenue Focus by Shashank Jain
Shashank Jain, who was instrumental in leading product development and customer retention efforts, will now also manage direct revenue and marketing for Oyo’s entire portfolio of hotels and homes. Jain will focus on integrating GenAI technology to improve customer experience and drive growth.
Pankhuri Sakhuja Expands Her Role
Pankhuri Sakhuja, who has managed Oyo’s workspace vertical, will now also lead Traum-Ferienwohnungen, Oyo’s vacation home listings business in Germany, in addition to her existing responsibilities with the Innov8 flex-space business.
Ashish Bajpai to Drive Global Revenue Growth
In his new role, Ashish Bajpai will focus on increasing Oyo’s revenue by enhancing the company’s visibility across both direct and indirect channels. His work will ensure that Oyo’s hotels and homes are widely distributed and accessible globally.
As Ayush Mathur, Oyo’s President – Europe, steps down to start his own venture, his responsibilities will be taken over by Rachit Srivastava. The company has seen many former employees successfully launch their startups, contributing significantly to India’s startup ecosystem.
