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OYO has $1 bn to fund operations until IPO: CEO to employees
short by Hiral Goyal / on Tuesday, 1 December, 2020
OYO CEO Ritesh Agarwal has reportedly told his employees that the company has $1 billion to fund its operations until an initial public offering (IPO). OYO's focus is on getting revenue per available room to 60-80% of pre-pandemic levels, Agarwal said, as per a transcript seen by Bloomberg. He added that he hasn't felt any pressure from outside shareholders.
read more at BloombergQuint