Oyo is en route to failure, and it will be another setback in India’s startup ecosystem after the Housing.com fiasco.
The initial idea of guaranteeing basic amenities (clean bed/bath linen, WiFi, breakfast) through strict quality control and staff training was great, but they failed to deliver.
Instead of improving and growing their first product, they launched new products and entered new geographies - most likely to inflate valuation.
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Oyo is en route to failure, and it will be another setback in India’s startup ecosystem after the Housing.com fiasco.
The initial idea of guaranteeing basic amenities (clean bed/bath linen, WiFi, breakfast) through strict quality control and staff training was great, but they failed to deliver.
Instead of improving and growing their first product, they launched new products and entered new geographies - most likely to inflate valuation.
The founder itself has had a questionable behavior (ref: https://www.livemint.com/Companies/7CN7u5d4i3bfYgBAZLdLpM/Wi...)