from Malaysian sovereign wealth fund Khazanah. Does this indicate further delays to IPO?
OYO has been running the biggest hospitality scam I've ever come across. Here's how it goes:
OYO is the scammiest, scummiest hospitality player in the market. Never book OYO. Go with AirBnB, yatra and the likes. Never OYO
You will find instances like these dating back 3 years on Twitter. All parties involved benefit, but these shmucks at OYO lose a customer each time. I guess they did the calculations and realised it was worth it. Still pretty scummy behavior, hope they crash and die before the IPO
Oyo is a scam - both as a service and a company to invest in.
They are just trying to find investors stupid enough to buy into the company so that current investors can exit with minimum loss on their investments.
If they IPO all past OYO employees will come forward and share horror stories of their business model and malpractices.
Nice way to take revenge from Malaysia 👍
OYO has raised a Series G round. This round for $174 million, though, has come at a valuation of $2.4 billion—over 70% lower than the $9 billion valuation at which it last raised funds in 2021.
The valuation of the startup, which had to...
