“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
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Anonymous 2
Hey I am on Medial • 2d
This. I worked at one of their partnered properties. Margins were razor thin and expectations were insane. They promised growth, not profits.
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The fact that this company is in Sensex and Nifty next is unbelievable and previously their growth was coming from 400 crore of "other" income. Market fell and so did their profits. They were not profitable in main business even in past quarter.
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I assumed H&M’s lower price point would translate into healthier profits.
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