What a bad luck for OYO founder Ritesh Agarwal ..Really lost 15x of what he has given in coupon and cashback by just one wrong decision/timing

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What a bad luck for OYO founder Ritesh Agarwal ..Really lost 15x of what he has given in coupon and cashback by just one wrong decision/timing

Oyo which got value of 10 billion $ at peaks ..so his founder our daring ritesh aggarwal decided to buy its own company shares at peak just 3 months before that too 10% of whole equity of company, thinking oyo will hit jackpot ..by taking loan from softbank .but as they say , “Saame se pehle aur baghya se jayda kuch naahi milta” ….means u can’t get more than your luck and definite time …..So , after he bought ,suddenly virus thing started playing out and now suddenly company is staring at loss of 5 billion $$….What a luck ya .15x of what he has given in coupons and cashback …that will be about 2000-3000cr only till now …whereas loss to him is almost 3-4billion $ =2,29,04,25,00,000.00 Indian Rupee

https://economictimes.indiatimes.com/small-biz/...

https://www.businessinsider.in/business/startup...

Moral : Go slow in your life , rather than running towards it …You never know what you think is best for you , sometimes turned worst nightmare

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https://cdn0.desidime.com/attachments/photos/612695/original/EVfnReqUMAADotF.jpg?1586798064

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That was bound to happen..company is going in the reverse gear..soon it will face similar fate as that of WeWork. Also here Masayoshi Son is the one who will be losing the most..He is the guarantor here..

Also you have to get along with your all stakeholders (hotel partners, customers,employees,vendors,corporates) for the journey to success. Which OYO failed to do so from the beginning.

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BubbleBoyChickenLittle wrote:

How can someone lose 1500%? relieved

it is 15x of what he has given in coupons and cashback …that will be about 2000-3000cr only till now …

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tarun456 wrote:

it is 15x of what he has given in coupons and cashback …that will be about 2000-3000cr only till now …

Yeah, i read it again stuck_out_tongue stuck_out_tongue
My bad relieved

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You can’t outrun fate no matter how perfect you try to be
Guess he is what he is today because of such aggressive decisions

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This is the bitter truth about investment kisi ke baap ko bhi nahi pata exactly kya hone wala hai now soon u will see intra oyo fraud also

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