Up, down, and on the way up again? Ritesh Agarwal and Oyo's

Up, down, and on the way up again? Ritesh Agarwal and Oyo's ride on the IPO roller coaster

In the last three years, Oyo massively trimmed its workforce, maintained decent top-line growth, and improved profitability. It has reduced debt and courts private equity interest now. But there are more knots to undo. A tortuous IPO process is just one.

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