oyo rooms

OYO Going Back To Its Roots: Offloads Co-Living And Co-working Properties!

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...

OYO Offloads 150 Employees: Cast off flab, Narrow Focus on Core With A Long Term Strategies At Heart

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...

OYO Gets New CEO And Merger To Boost Its Business In Japan

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...

OYO Cuts Salary Of All Employees In India But Will It Help Them To Recover?

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 Hits Back On Being Called A Ponzi Startup, The Founder Feels Insulted !

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,...

Is Oyo Rooms the Startup Nothing But A Ponzi Scheme? A Statistical Analysis [UPDATED]

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...

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A Big Blow To Amazon and Flipkart: CCI Investigation To Continue

Flipkart and Amazon continue to find themselves in hot water as their plea against the investigation that is being...