How is OYO doing ?

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