On the subjects of unmarried couples not being welcome at OYO and how exactly Ritesh Agarwal is buying up shares of his own company.
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Minus any drama, Airbnb’s India business seems to be chugging along well. But with several competitors lining up, the stage is set for an interesting face-off.
The company is now just another aggregator in the budget hotel sector. And the shift does make sense; OYO wants to cut losses and its India business isn’t all that important anymore.
Even as the chorus of the company’s turnaround seems to be gathering momentum, it appears that co-founder Ritesh Agarwal’s one-trick pony continues to be financial engineering.