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You're right, that was/is a phase. The FHRAI (federation of hotels and restaurant association of India) complained against some of OYO's business practices in J
by r_singh 7y ago
You're right, that was/is a phase. The FHRAI (federation of hotels and restaurant association of India) complained against some of OYO's business practices in July this year and it made a lot of news (mostly changing policies with regards to commission and also delaying commission) to the Competition Commission of India.
Currently, OYO is making news for 4 reasons:
* Protests from hotels (so called OYOpreneurs)
* OYO founder's buyback funded by debt against shares and Sequoia, Lightspeed exit
* OYO growing a lot and acquiring companies worldwide
* Possibility of OYO being a WeWork in the making