 "Oyo Rooms CEO Ritesh Agarwal")
Oyo, the country's biggest branded hotel company, with 7,000 hotels has managed to trim losses by one-third to Rs 325 crore in FY17. Ritesh Agarwal, founder and chief executive officer tells Ajay Modi that the company is clocking annualised revenue of close to Rs 2,500 crore and focus is on expanding revenue from Oyo 2.0 hotels that include TownHall and Flagship brands.
Do you see fund raising turning tougher for startups?
Capital is always available for good companies but the only question is value at which you raise capital. In bad times, you raise capital at low valuation, and in good
