Oyo’s Annual Losses Ballooned to $335 Million in 2019


Oyo appears to be taking its once-explosive global expansion strategy down a few notches, and that could be a good thing for the young company in the face of still-uncertain impacts from the coronavirus and the reputational damage it recently suffered. These losses aren't pretty.
Overall, the India-based hospitality startup posted a consolidated revenue of $951 million in fiscal year 2019, a year-on-year growth 4.5 times higher than the reported revenue of $211 million in the previous year.
Read the full article at skift Inc.
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