OYO’s Revenue Increases 4X; Losses 6X

oyo-rooms-logo

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]

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