Oyo’s revenue surged in FY19, but its loss widened, too
On Monday, budget-lodging startup Oyo reported a loss of $335 million on $951 million revenue globally for the financial year ending March 31, 2019, and pledged to cut down on its spending as the India-headquartered firm grows cautious about its aggressive expansion. The six-year-old startup’s growing revenue, up from $211 million in financial year ending … Continue reading Oyo’s revenue surged in FY19, but its loss widened, too
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