Oyo Rooms incurring ₹46.9 cr loss per month: Report
According to a Financial Express report, Oravel Stays, parent company of hotel room aggregator Oyo Rooms, has been registering a monthly loss of ₹46.9 crore since January 2016. The report attributed the loss to high customer acquisition costs. The startup’s COO Abhinav Sinha has said that on an average, Oyo clocks 7-8 lakh monthly bookings, generating revenues of ₹19.2 crore.