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, 2024•9 min
0
28 November, 2024•9 min
0
Getting your Trinity Audio player ready...
More in Internet
Internet
What did India’s AI Impact gathering achieve?
The country put on a show on the theme of artificial intelligence, which makes for excellent photos for social media and content for press releases. All that money, time and jet fuel spent could just have been an email.
You may also like
Internet
Why SoftBank has shunned India
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.
Internet
FabHotels pivoted to corporate travel for survival. Can it grow?
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.
Internet
What about Lightspeed?
One of the few remaining foreign venture capital funds in India, Lightspeed has had a rather quiet year—especially when compared to some of its peers. The 2026 IPO pipeline may be the reset it needs.