Filings show Oyo had a net loss of $332M on revenue of $900M in the year through March 2019; operations in China account for ~40% of its losses worldwide
Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims … Tweets: @drorpoleg , @sean_oneill , @skift , and @hkanji Tweets: Dror Poleg / @drorpoleg : China seems to be the Waterloo of @SoftBank investments. @WeWork, @oyorooms, @Uber all bled heavily while trying to conquer it. From @skift: “operations in China account for approximately 40% of its losses worldwide” https://skift.com/... Sean O'Neill / @sean_oneill : Oyo's losses grew significantly in the three months through June 2019, according to new filings. Check out the Skift Research analysis here: https://skift.com/... @skift : @oyorooms has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three years from now. https://skift.com/... Hussein Kanji / @hkanji : Oyo will make a profit in its India and China operations starting around 2022 https://skift.com/... via @nuzzel thanks @SethBorko