Figuring Out • 1y
OYO is Now Profitable. In the latest Quarter, OYO reported a profit of 30 Crore Rs. And this is impressive with considering the fact that during Covid, it losses had hit almost 12,000 crore. But how did they did this? 1) firstly they closed more than 40% of their loss making hotels 2) They moved from minimum revenue to profit sharing model for the hotels reducing their fixed cost 3) they have started targeting premium customer with launch of Pallette. And they are now also trying to go for IPO this year. This is One of the best turnaround stories! What do you all think of this?
Trying to do better • 8m
Ritesh Agarwal-led hospitality giant OYO recorded a net profit of Rs 158 crore and revenue of Rs 1,578 crore in Q2 FY25, PTI reported. This marks a significant turnaround, as the company had posted a net loss of Rs 50 crore during the same period la
See MoreWork and keep learni... • 1y
Business Incidents Oyo started by aggregating budget hotels on their platform, similar to Airbnb. They listed properties but didn't control the experience (think: just a listing site). Their pivot transformed them into a franchisor. Now, they partner
See MoreFounder - Burn Inves... • 1m
After years of financial strain, BSNL reported a net profit of ₹262 crore in Q3FY25 marking its first profitable quarter since 2007. This comes after a loss of ₹849 crore in Q4FY24. Despite this milestone, the company posted an overall loss of ₹2,24
See MoreYour daily dose of s... • 1m
For years, Delhivery, one of India's biggest logistics startups, was running at a loss. But FY25 changed the game. In the fourth quarter alone, Delhivery posted a profit of ₹72.6 crore - a big turnaround compared to the 68.5 crore loss in the same qu
See MoreBuilding-HatchUp.ai • 7m
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another ₹550 crore, reports said. Agarwal will buy over 12.9 crore shares at 42.60 apiece and the investment will value Oyo at 32,000 crore, reports added
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