Oyo’s losses have increased more than 6X to ₹2,384.69 crore in the fiscal year ended 31 March 2019.
The revenue jumped more than 4X during the period, to ₹6,457 crore in FY19 from ₹1,413 crore in the previous year.
A majority of Oyo’s expenses is attributed to “operational expenses”, which ballooned to ₹6,131.65 crore in FY19.
[Via]
