Is Oyo Rooms the startup equivalent of a Ponzi scheme?
May20

Is Oyo Rooms the startup equivalent of a Ponzi scheme?

Ritesh Agarwal, the CEO of Oyo Rooms, released a statement claiming that this 15X growth implied that the company has delivered 2.3 million booked room-night transactions in the first quarter of 2016 – this translates to more than 766,000 rooms a month.

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