Founded by Girish Jhunjhnuwala, Ovolo Hotels remains a privately family-owned business under the Hind Group.
Girish Jhunjhnuwala acquired a single office complex in the heart of Hong Kong's Central Business District and developed it into an upscale serviced apartment.
[4] The Weekend Australian in 2016 reported Jhunjhnuwala's intent to aggressively pursue the Australian market after the successful acquisition and turnaround of a hotel in Woolloomooloo, a suburb of Sydney.
[5] EJ Insight reported that Jhunjhnuwala's recent focus on Australian acquisitions is a result of high property prices in Hong Kong and the depreciating Australian dollar.
Since 2015, Ovolo has offered a live-in coworking space under what it calls the Mojo Nomad programme.