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OYO CEO touts Indian hospitality start-up’s business model despite complaints

02/20/2020| 5:30:48 PM|

Ritesh Agarwal dismissed the complaints regarding layoff, aggressive expanding and inadequate compensation to hotel owners.

Indian budget hotel chain start-up Oyo, valued at $10 billion in its latest fundraising round, has faced a number of gripping headlines, including multiple reports of hotel owners in India and China not getting adequate compensation from the company.

In an exclusive interview with CNBC’s Seema Mody on “Squawk Alley” on Tuesday, Oyo’s CEO and founder, Ritesh Agarwal, dismissed those complaints and instead touted Oyo’s business model.

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TAGS: OYO | Ritesh Agarwal
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