ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Oyo chief confident of weathering pandemic despite 50% revenue drop

Latest $1bn fundraising from SoftBank will last longer than 3 years, Agarwal says

TOKYO --- The founder of Oyo Hotels and Homes, one of India's fastest-growing startups, is confident that the budget hotel chain can weather the COVID-19 crisis, citing a $1 billion war chest that will last "three years plus," Ritesh Agarwal said Thursday.

Speaking at an online conference hosted by DealStreetAsia, the 26-year-old entrepreneur and CEO referred to funds raised late last year from Japan's SoftBank Group that would keep the company going in the short term.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more