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From zero to 815,000 rooms in six years: Can Oyo chew everything it has bitten off?

Ritesh Agarwal’s drive has taken Oyo to a multibillion-dollar valuation with a global footprint. His next challenge in the company’s hyper-growth phase will be to iron out persistent issues with hotel partners.
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14 Jun 2019 9 Mins Read 0 comment
Want to see what crazy growth looks like? How about growing from zero to 815,000 rooms across two dozen countries, all in six years? Actually, scratch that. Focus on just the last six-odd months. Number of rooms: grows 250%. Number of countries: jumps five-fold. And valuation? Up nearly 500%. Ritesh Agarwal has been working like a man possessed
happy, and eliminating recurring customer complaints is going to define if the risks it took in 2018 were worthwhile. It is a complex theatre that few have performed in, and Oyo’s script will hold important lessons for founders everywhere. ( Graphic by Abdul Shafiq) ( Clarification: The definition of realised value was added in response to a reader's request.)
Want to see what crazy growth looks like? How about growing from zero to 815,000 rooms across two dozen countries, all in six years? Actually, scratch that. Focus on just the last six-odd months. Number of rooms: grows 250%. Number of countries: jumps five-fold. And valuation? Up nearly 500%. Ritesh Agarwal has been working like a man possessed happy, and eliminating recurring customer complaints is going to define if the risks it took in 2018 were worthwhile. It is a complex theatre that few have performed in, and Oyo’s script will hold important lessons for founders everywhere. ( Graphic by Abdul Shafiq) ( Clarification: The definition of realised value was added in response to a reader's request.)

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