SoftBank-backed OYO’s losses jump to $332.5m in FY19

Hospitality startup Oyo Hotels and Homes’ losses widened more than six-fold to ₹2,384.69 crore during the financial year ended March 2019 (FY19), even as revenues rose over four-fold during the period, signaling that the six-year-old startup may have a long way to go before it can go public.