OYO Reports $335mn loss; $951mn Revenue

Oyo has reported consolidated loss of $335 million for FY 2018-19 (it was $50.5 million in the previous fiscal). China and other international markets contributed  about 75% – $252 million – to the overall loss recorded by OYO. The good news is that consolidated revenue has gone up from $211mn last FY to $951mn (India ops contributed $604mn).

Oyo has reported consolidated loss of $335 million for FY 2018-19 (it was $50.5 million in the previous fiscal).

China and other international markets contributed  about 75% – $252 million – to the overall loss recorded by OYO. The good news is that consolidated revenue has gone up from $211mn last FY to $951mn (India ops contributed $604mn).

https://tech.economictimes.indiatimes.com/news/startups/oyo-losses-balloon-to-335-million-in-fiscal-2019/74170561

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