Oyo losses cut to Rs 325 cr, revenue still a secret

Oyo credits its claimed positive performance to business model that doesn't emulate global template

Budget hotels aggregator Oyo Rooms claimed in a blog post on Friday that its losses fell to Rs 325 crore in the year ended March 2017, without disclosing revenue figures for the same period.

According to documents filed with the Registrar of Companies (RoC), Oyo Rooms posted a loss of Rs 496 crore on a revenue of Rs 32.8 crore in the financial year 2015-16. However, the lack of comparable figures makes it tough to gauge the company’s true performance.

The company had accumulated losses of Rs 517.9 crore as on March 2016 as against shareholders’ funds of Rs 789.7 crore, the