Ritesh Agarwal Success Story 2023: Founder Of OYO Rooms
In a country where finding budget-friendly hotels was once challenging, Ritesh Agarwal entered as a visionary entrepreneur to tackle this problem. OYO Rooms, meaning “On Your Own,” was a game-changer that revolutionised affordable accommodation options. OYO Rooms is India’s largest budget hotel chain that addresses the issues of hotel availability, cleanliness, and cost. Today, it…
Yash Sharma
SoftBank Cut OYO’s Internal Valuation To $2.7 Bn
SoftBank has cut the Indian hotel chain valuation to $2.7 billion from $10 billion. The reported valuation cut occurs when the startup is months away from an initial public offering (IPO). The reports suggest that SoftBank is the largest investor in OYO ━ at 45 per cent, nearly half of it━ , which is a…
