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Oyo Rooms - Surviving the Pandemic

OYO's India business is now EBITDA positive and the company is earning similar gross profits globally in dollars since January 2021 as it did This OYO news is a relief for the investors and the CEO Ritesh Agarwal. For latest oyo news visit- https://entrackr.com/oyo-news/

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Oyo Rooms - Surviving the Pandemic

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  1. OyoRooms-Surviving the Pandemic Oyo roomswhichemergedasaninternetstart-upandtookIndiabystormthroughitsunconventionalideasandliberalapproachtowardscoupleshasbecomeagiantintheHospitalityIndustry.BygivingtheIndianyouthsomefreedomandaprivatespacetolivetheirromanticdreamsOYOestablishedverystrongrootsinthegroundofhospitality. TheongoingpandemicofCovid-19virushastakendownmanyindustrygiantsandOYOisnostrangertoitsdevastatingpowers.BeforethepandemicstruckIndiahardandbroughtit’seconomydownonitsknees,OYOwasthePegasusofIndianhotelindustrythatcaughtalittlecoldwhenCovid-19impactstruckthemarketdownandbleededoutmanycompanieslikeit. Nevertheless,asweknowthatOYOdoesn’tknowhowtogiveupandbackdown,itpushedbacktheavalancheofeconomic,operationalandfunctionaldisasterandisconstantlytryingtogetbackupwhiletheCOVID-19waveskeeponhittingIndiaandtheworldbadly.OYO'sIndiabusinessisnowEBITDApositiveandthecompanyisearningsimilargrossprofitsgloballyindollarssinceJanuary2021asitdidThisOYO newsisarelieffortheinvestorsandtheCEORiteshAgarwal. 'OYOisonasteadypathofresurgencein2021andweareseeingsignsofrecoveryacrossIndia,Europe,andSoutheastAsia.OYO'ssurvivalthroughtheCovidcrisisand

  2. ourresurgenceshowthatweareacompanywithstrongfundamentalsandhighvaluepotential,'saidthefirm'sfounderandGroupCEORiteshAgarwalinane-mailinMarch.ourresurgenceshowthatweareacompanywithstrongfundamentalsandhighvaluepotential,'saidthefirm'sfounderandGroupCEORiteshAgarwalinane-mailinMarch. ThisisastoryoppositetotheBigBasket News,GrofersNewswhichexplainedhowthesegrocerydeliveringcompaniesearnedahugeprofitduringthepandemic.Thepandemicwasnotallthesameforeveryone,somewereabletomakeafortuneoutofit,somewerebarelyabletodragthemselvesoutoftheeconomicbreakdownandsomedidn’tevenlivetoseethelightofdayaftertheCOVID-19crisis. Covid-19’s impactonStartupswasbrutal,manycrumbled,wentbankruptorsaidthattheyhadthemoneytosurviveonlyforafewdaysormonthsandiftheydidn’treceiveanymagicalhelp,theywillbedoomedandmightnotgetbackupontheirfeet.Somemanagedtosavethemselveswithfundingfrominvestorsorthegovernmentandsomesawarapidriseintheirbusiness.However,thisisn’toversolet’sbraceourselvesandworktogethertocomeoutofitunharmed,healthyandhappy. Visit usformoreinformationonOyoNewsandLatestStartupNews.

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