Are next 11 Months crucial for OYO rooms?
In last week of February 2017, OYO Rooms received two good news and one bad news. First good news that it is getting additional funding of $500 million from Softbank and second is its rival StayZilla decided to close down. If you remember OYO rooms and StayZilla had twitter war last year.
What is the bad news? Unfortunately, the good news is the bad one too! StayZilla closing has set alarming bells to OYO rooms if it will follow the same path or will sustain its pace towards profitability. Remember OYO rooms showed his earnings of ₹2.4 crores (see tofler story) and a loss of ₹350 crores. (see inc42 story)