Employee Downsizing at OYO in 2020

Ritesh, a college dropout, started his business career at the very young age of seventeen. The idea of hotel aggregation occurred to him when he checked into a budget hotel once and found that the services offered were substandard. In 2011, Ritesh converted his idea into a business venture by setting up Oravel Stays Pvt. Ltd., a platform that enabled listing and booking of budget accommodation. In 2012, Ritesh managed to secure funding of Rs. 3 million from a venture capital firm, Venture Nursery ...