The stock fell 5.89% to ₹1,159 on the National Stock Exchange on Monday as the foreign brokerage slashed its target price on the stock by around 25% to ₹900.
“It’s hard to let go when you are still young. We managed to do really well in hiring the first core team, and that is the most critical part of our story.”
OYO was hit hard by the pandemic last year. Founder Ritesh Agarwal, who is at the forefront of reimagining OYO for a post-pandemic future, explains how he has been crafting this strategy.
U.A.E.-based Akshay Naheta is the youngest executive to report directly to SoftBank Group founder Masayoshi Son. In an exclusive conversation with Fortune India, he decodes his stint at SoftBank.
The Facebook-backed social commerce platform, which joined the unicorn club with the latest funding round, aims to help 100 million SMEs and entrepreneurs digitise their businesses.
From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
The new economy playbook has started wearing out. The signs are ominous. Positioning oneself as a tech company—exaggeration, outright lie, or the truth—is all shades of grey now.
Ritesh Agarwal had enough to contend with: conflict with partners, fallout of rapid expansion, and restructuring. Then came a pandemic, giving the OYO founder his most difficult battle yet.
For the OYO founder, the global Coronavirus outbreak is the most difficult and unique challenge that has presented itself in the seven-year history of the company. Can the business survive the crisis?
