Oyo is clocking annualised revenue of $400 mn: Founder and CEO

'We are still on Day 1, character building to go on', said Ritesh Agarwal

Oyo, the country's biggest branded hotel company, with 7,000 hotels has managed to trim losses by one-third to Rs 325 crore in FY17. Ritesh Agarwal, founder and chief executive officer tells Ajay Modi that the company is clocking annualised revenue of close to Rs 2,500 crore and focus is on expanding revenue from Oyo 2.0 hotels that include TownHall and Flagship brands.

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