OYO’s Profit Zooms 2.7X To INR 623 Cr In FY25: Ritesh Agarwal

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SUMMARY

In a townhall meeting, founder and CEO Ritesh Agarwal told employees that OYO has become the “most profitable startup in the country”

The startup’s revenue grew 20% to INR 6,463 Cr from INR 5,388.7 Cr in FY24, on the back of a 54% YoY increase in its gross booking value

The SoftBank-backed startup’s adjusted EBITDA grew 27% to INR 1,132 Cr in FY25 from INR 889 Cr in the previous year

OYO’s net profit more than doubled year-on-year in FY25, with the hospitality major becoming the “most profitable startup…



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OYO’s Profit Zooms 2.7X To INR 623 Cr In FY25: Ritesh Agarwal


SUMMARY

In a townhall meeting, founder and CEO Ritesh Agarwal told employees that OYO has become the “most profitable startup in the country”

The startup’s revenue grew 20% to INR 6,463 Cr from INR 5,388.7 Cr in FY24, on the back of a 54% YoY increase in its gross booking value

The SoftBank-backed startup’s adjusted EBITDA grew 27% to INR 1,132 Cr in FY25 from INR 889 Cr in the previous year

OYO’s net profit more than doubled year-on-year in FY25, with the hospitality major becoming the “most profitable startup…



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.

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