Oyo’s American dream comes with a host of challenges despite the Indian unicorn being able to leverage on investor Airbnb’s home expertise
OYO has now raised more than $1.7 billion from investors to date, including this new capital.
The hiking of commissions by big OTAs for budget hotel room startups clearly indicates at a threat that established companies perceive from younger ventures in the travel segment
The three college friends Siddharth Gupta, Rahul Chaudhary and Kadam Jeet Jain decided to quit and to create a solution to address the poor quality of budget hotels in India.
Hospitality players say the Indian middle-class will make the bulk of tourist population. This means, branded mid-scale and budget hotels will see brisk business.