Business Standard
Indian corporations are poised to become large brand owners in the US, shifting American consumers' perception about India's soft power well beyond Bollywood and IT, founder and CEO of Oyo-parent firm PRISM Ritesh Agarwal said, stressing the importance of technology, as he underlined that "India's time is now". Agarwal noted that India is the second biggest office for 'FAANG' - an acronym for five of the most prominent US technology companies: Facebook (Meta), Amazon, Apple, Netflix, and Google. Agarwal highlighted that his company has "very aggressively" expanded its international footprint and now makes the most amount of sales globally in the United States. "We are also the single largest economy hotel brand owner here in the US, with the acquisition of Motel Six," he said. In 2024, OYO completed its USD 525 million acquisition of G6 Hospitality, the parent company of the US hospitality brand Motel 6, the largest owned-and-operated hotel chain in North America. "I feel we are go
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