OYO To Clock INR 1,550 Cr EBITDA In FY25: Ritesh Agarwal

Share via:


SUMMARY

While OYO was initially targeting INR 1,200 Cr EBITDA for FY25, G6 Hospitality will contribute an additional INR 350 Cr to its bottomline, founder Agarwal said

OYO acquired G6 Hospitality, which owns budget lodging chains Motel 6 and Studio 6, for $525 Mn (around INR 4,580 Cr) in an all-cash transaction in December 2024

Townhouse accounts for 50% of OYO’s India business and is growing by double digit percentage growth monthly, the CEO said

Hospitality giant OYO is on track to clock an EBITDA of INR 1,550 Cr in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

OYO To Clock INR 1,550 Cr EBITDA In FY25: Ritesh Agarwal


SUMMARY

While OYO was initially targeting INR 1,200 Cr EBITDA for FY25, G6 Hospitality will contribute an additional INR 350 Cr to its bottomline, founder Agarwal said

OYO acquired G6 Hospitality, which owns budget lodging chains Motel 6 and Studio 6, for $525 Mn (around INR 4,580 Cr) in an all-cash transaction in December 2024

Townhouse accounts for 50% of OYO’s India business and is growing by double digit percentage growth monthly, the CEO said

Hospitality giant OYO is on track to clock an EBITDA of INR 1,550 Cr in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Is it time for some truly colorful MacBook Air...

One of the most attention-grabbing aspects of the...

Crypto whale liquidated for $308M in leveraged Ether trade

A large cryptocurrency trader, known as a whale,...

Flipkart Sellers can’t Set the Selling Price of their...

Walmart-owned e-commerce major Flipkart has introduced a new settlement-based...

Popular

Upcoming Events

OpenAI launches new developer tools as Chinese AI startups...

OpenAI launched new tools for developers on Tuesday...

AirPods with cameras would be a good match for...

According to recent rumors, Apple has been exploring...

Why Red Hat Thinks AI’s Future Is Small Language...

There’s not one unicorn application that does everything,...
d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa