Given our efficient management and economies of scale, we are generally profitable at the unit level, which is unheard of at this early stage in the business, says Ritesh Agarwal
Hooters is an American brand of restaurant with casino floors full spectrum of gaming choices and guest rooms and suites
OYO is changing tack and shedding its 'affordable' image for its chain of premium coffee shops so that it can take on coffee chain giant Starbucks
UK was OYO's first destination outside of Asia and in June 2019, the company announced its entry into the USA
Most surprising is that Oyo claims to be one of the largest hotel chains in the world with virtually negligible physical assets creation
The modus operandi of Oyo Founder Ritesh Agarwal raising his stake in the company and the objective behind it have left the audience perplexed
SoftBank, OYO's largest investor, already owns 46% in the Gurugram-based company
Agarwal's stake in the company will rise from the current 9-10% to around 30%
The capital received through forthcoming primary round will help boost OYO's expansion plan in India, US, China, UK, EU, and Southeast Asia markets
Oyo, which opened its first US hotel at the beginning of the year, plans to invest $300 million to expand in the country, Chief Executive Officer Ritesh Agarwal said in an interview
'We are in the early stages of rolling out our first OYO Townhouses in the US', said CEO Ritesh Agarwal
Oyo CEO Ritesh Agarwal tells Ajay Modi how he digs south Indian food and why he still stands behind the reception desk of OYO properties to check in guests
We have been able to create strong competencies in renovation, asset management, revenue management, and skilling, says OYO Rooms founder and CEO Ritesh Agarwal
The founder and CEO says, 'In our kind of businesses, as they scale, revenues continue to increase but cost does not'