How is OYO doing ?
In last 6-8 months there has been lot of layoffs and many startup getting scrutinised due to funding etc.. But I can’t see Oyo name anywhere… Not much layoffs or nothing on their crunch. Are they doing good or successful?
Oyo has changed a lot, in its offering, business/rev model.
- It reduced its own properties by ~50%
- Changed revenue model to revenue sharing to decrease business cost imposition
- Focusing on mass premium and premium segments: increasing per transaction value instead of increasing volume of transactions
- Have just become profitable
I think it's a good turnaround for them. And now that they're going public and rumours about IPO, I'd say they're on the right track
Dezi Lee
Stealth
a year ago
That is fir ipo, post ipo they wont care shit about profit
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