The far-reaching impact of Paytm IPO debacle has started appearing as the Indian startup unicorns, who were in celebration mode after SEBI relaxed the norms for startups to go public, are now facing the brunt of the market. OYO...
The Indian homegrown hospitality startup unicorn OYO Hotels & Homes has recently decided to cut off its underperforming assets in a bid to improve profitability.
According to multiple people familiar with the developments, the Ritesh Agarwal-headed company has let go...
Every move you make in business is quite akin to chess. If you want your devised strategy to be pulled off, you must also be prepared to lose a few pawns. Seems like OYO is thinking along the same...
The hospitality industry has been one of the worst-hit due to COVID-19. The pandemic left the sector heavily crippled and forced many businesses to take some really tough decisions. OYO is no exception!
It is reported that the Indian-origin...
The SoftBank backed Indian-origin OYO was already struggling prior to the COVID-19 situation. Now, after things went completely south for the entire hospitality industry post the coronavirus outbreak, the startup unicorn seems to be knee-deep in trouble.
Recently, it has...
OYO Rooms, Ponzi Scheme and Startup, the debate is far from over. In a response to the controversial statistical analysis that has gone viral on the internet since Friday, claiming OYO Rooms is nothing but a Ponzi startup, Ritesh Agarwal,...
Update 1: Ritesh Agarwal, Founder - OYO Rooms, has challenged the article in a recent email clarifying the company's position. You can read his response along with few interesting questions that remain unanswered here.
Last week, SoftBank released its quarterly...
