SoftBank-backed Oyo pares losses even as it pushes South Asia expansion

SoftBank-backed Oyo pares losses even as it pushes South Asia expansion

OYO in Manali, India. Photo: OYO Rooms

Budget hotel startup Oyo (Oravel Stays Pvt. Ltd) has cut its estimated net loss to a tenth of its overall sales in 2018-19 even as it continued to focus on expanding in India and South Asia, said Aditya Ghosh, the company’s chief executive officer.

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