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by r_singh
2439 days ago
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You're right, that was/is a phase. The FHRAI (federation of hotels and restaurant association of India) complained against some of OYO's business practices in July this year and it made a lot of news (mostly changing policies with regards to commission and also delaying commission) to the Competition Commission of India. Currently, OYO is making news for 4 reasons: * Protests from hotels (so called OYOpreneurs) * OYO founder's buyback funded by debt against shares and Sequoia, Lightspeed exit * OYO growing a lot and acquiring companies worldwide * Possibility of OYO being a WeWork in the making |
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