OYO India junks franchise model to become an aggregator, cut losses

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.

28 November, 20249 min
0
Google Preferred Source Badge
Share
Getting your Trinity Audio player ready...
OYO India junks franchise model to become an aggregator, cut losses

You may also like

Internet
Story image

An indebted Captain Fresh seeks an IPO bailout

The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.

Business
Story image

Can Dubai’s hotels hold out, even as Iran war continues?

The US-Israel campaign has turned Dubai’s strongest tourism months into a stress test for the emirate’s hospitality sector.

Internet
Story image

In Indian VC landscape, capital outpaces opportunity

The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.