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Oyo’s parent company, Oravel Stays Private Limited, submitted fresh documents to SEBI revealing that while its storefronts are key revenue drivers, employee benefits and marketing expenses are its major expenses. ....
OYO India business EBITDA positive, firm on path of resurgence: Ritesh Agarwal Ritesh Agarwal, founder of Oravel Stays Pvt. Ltd that runs Oyo Rooms. Photo: Bloomberg 1 min read . Updated: 17 Mar 2021, 06:20 PM IST PTI OYO is on a steady path of resurgence in 2021 and we are seeing signs of recovery across India, Europe, and Southeast Asia. OYO s survival through the Covid crisis and our resurgence show that we are a company with strong fundamentals and high value potential, said Ritesh Agarwal Share Via Read Full Story NEW DELHI : Hospitality firm OYO s India business is now EBITDA positive and the company is earning the same gross profits globally in dollars since January 2021 as it did in the pre-COVID period, the firm s founder and Group CEO Ritesh Agarwal told employees in an e-mail on Wednesday. ....