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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Man behind OYO Rooms : Ritesh Agarwal
May13

Man behind OYO Rooms : Ritesh Agarwal

The teenage boy – Ritesh Agarwal is the Founder & CEO of OYO Rooms – fastest growing Branded network of hotels offline & online.

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Oyo Rooms turns profitable with 15x growth year over year
May12

Oyo Rooms turns profitable with 15x growth year over year

According to a report shared by the OYO Rooms, SoftBank-backed budget hotel room aggregator OYO Rooms said it has attained profitability at an aggregate level, which means, on an average, they are making profit on every room sold.

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