Oyo, led by Ritesh Agarwal, is now the most profitable Indian startup in FY25, after years of heavy losses. The company is expanding globally and focusing on sustainable growth. Its postponed 2022 IPO may get a fresh push as profits rise.
In India there is a sudden shift for profitability among startups but the cost of profitability is innovation and growth.
Innovation is expensive. It requires years of suffering in terms of balance sheet and name calling.
“Is OYO pausing… or pivoting?”
OYO has put its IPO plans on hold for the third time.
Once a poster child of India’s startup boom, valued at $12B at its peak, the company is now reportedly reassessing its next steps. With Softbank reducing its stake
Too fast to last? Zomato closes quick and 'everyday' 'services'😱😱
Due to citing challenges in profitability and customer experience,Zomato officially discontinued it's 15-minute delivery service.
🚨 Zomato is Planning To Raise Over ₹4185 Crore Through QIP as Per Media Reports
Zomato Has Cash Reserves of ₹12,539 Crore
Swiggy’s IPO Size is Around ₹11,664 Crore
Zomato Being Aggressive, Crucial Timings