I agree to your analysis of India the underserved market as far as travel & tourism for middle class is concerned.
This would have been all good if the focus was only for that market, but the $10Billion valuation I'm sure is not because of India focus.. it is for claiming to be 2nd or 3rd largest owner of hotel rooms in the world - the problem is there.
Without solving fully by hyper focusing on one problem/segment/market, it decided to conquer the world because of $$ at disposal.
Comments
I agree to your analysis of India the underserved market as far as travel & tourism for middle class is concerned.
This would have been all good if the focus was only for that market, but the $10Billion valuation I'm sure is not because of India focus.. it is for claiming to be 2nd or 3rd largest owner of hotel rooms in the world - the problem is there.
Without solving fully by hyper focusing on one problem/segment/market, it decided to conquer the world because of $$ at disposal.
Injecting $ in to a donkey in the hopes it will become a unicorn.
Not all growth is good, some growth is cancer... and it sounds like OYO is basically stage 3.