Home Tags OYO
COVID-19 pandemic have shaken up the global economy and young Indian startups is no exception. They are going through very hard time right now. Several young Indian startups are now facing a death knell due to contractual technicalities and indifference from co-working major WeWork.
OYO has slashed salaries of executives at senior and top-level. According to the company’s statement, its founder and CEO Ritesh Agarwal has taken a 100% pay cut.
The deal is with 50 hotels in the country for more than 3,000 rooms across seven cities.
From a regular 17-year-old to the owner of a million-dollar company at the age of 22, Ritesh Agarwal's story is what fantasies are made of.