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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
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.
A debt-heavy global pivot to modest motels and accounting-led profits define the company now heading to Indian public markets.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
The challenges of running a budget hotel chain in India forced the decade-old company to quietly shift its focus to a travel management platform for corporate travellers. Now it must face challenges of another kind.
