Tag: oyo rooms

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, Founder & CEO of OYO Rooms, wrote an email to all its employees and also published it on OYO Rooms...

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 report that contained an update summarizing the state of Oyo Rooms, the Indian startup in which it had famously invested...