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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.
Debt, losses and poor cash flow are just some of the problems in OYO’s balance sheet and business model as it prepares for an IPO.
Early last week, OYO filed its latest financials with the Securities and Exchange Board of India as part of its draft red herring prospectus for an IPO. This is the company’s second update after it filed its application last year, which didn’t immediately get a nod from the market regulator for the company to list on the public markets. At the time, I did a deep dive into OYO’s filing and listed several red flags in the company’s business.
To recap, this is what I had said: OYO’s IPO filing is a desperate, opportunistic attempt. A volte-face by a …
