Prism Hotels Limited, the parent company of OYO, has disclosed that nearly 84% of its revenue now stems from international operations, according to an updated Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi).
The filing, which seeks to raise ₹6,650 crore, highlights the company's strategic pivot away from its origins as a budget hotel aggregator in India toward a diversified global footprint.
The revenue mix signals a significant shift in the company's risk profile and growth drivers for potential investors.
While OYO built its brand equity in the Indian market, the updated documents indicate that the bulk of its current earnings power is generated outside the country.
This international exposure is a key narrative for the upcoming listing, as it suggests resilience against domestic economic cycles but also introduces currency and geopolitical risks associated with operating across multiple jurisdictions.
The updated DRHP submission marks a critical step in Prism's path to a public listing.