Oyo paid property owners a fixed amount of money to get them to join the platform. Since then, they have completely abandoned the minimum guarantee system for a revenue sharing model. They also scaled back laws making operations in china and the us while laying off a significant part of its work force. The company's revenues and margins have swung so wildly these past few years. For all its grand ambitions, oyo isn't exactly sitting pretty right now.
In today's episode for 8th October 2021, we look at OYO and see what the company is up to these days.
But before that, full disclaimer. This isn't an IPO review and it most certainly isn't going to be exhaustive. We will probably do another slightly more elaborate explainer soon enough. Until then, this should serve as a brief overview of OYO and its business for all the people who haven't been following the company of late.