Wednesday, May 25, 2016

Is OYO Rooms the startup equivalent of a Ponzi scheme?

Here’s*how Ritesh Agarwal’s budget hotel aggregator exaggerated the numbers and*initiated the*steps that took them down the Ponzi rabbit-hole Prologue — A tale of two graphs A few days ago, SoftBank released its quarterly report that contained an update summarising the state of state of OYO Rooms, the Indian startup in which it had famously invested US$100 million...
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