The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Agarwal: 10% of OYO hotels on minimum guarantees drove most losses
“90% of our hotels were revenue share hotels. 10% were minimum guarantee. Those 10% hotels drove most of the losses and 90% of them were highly margin accretive always.”
Magow: OYO's business pivot appears to be working based on numbers
“Pivot is working. At least on the face of it, when you look at the numbers, it is working.”
Agarwal: OYO is now comfortable growing at 30%
“I think now we've become very comfortable being a 30% growth company. We are happy about it.”
Agarwal: Team sports athletes make better hires due to competitiveness and collaboration
“The first is, especially we would like to get people from team sports. So we believe that their ability to work with other people and make sure that the team wins rather than individual is better. Pursuit of excellence. Because in sports, you are competitive. …”
Agarwal: OYO lost 65% of revenue overnight during COVID
“With COVID, 65% of your revenue overnight evaporate.”
Agarwal: OYO raised close to $1.5 billion in total capital
“Yeah, we raised close to a billion and a half dollars.”
Agarwal: I never sold secondary shares in OYO for personal liquidity
“I never did secondaries because the purpose and the enthusiasm was so exciting that nothing else mattered in terms of context.”
Ritesh Agarwal worked barefoot in the office until recent years
“I used to at work take off my shoes and go inside for the longest time. And I, at some point of time I changed it, I think three, four years back, but for the longest time people used to sort of, there used to be a joke that, you know, he's at work by just not…”
Agarwal: Lightspeed invested ₹3.5 crore in OYO at an ₹8 crore valuation
“Lightspeed invested, I think, 3.5 crores at a eight crore valuation back then.”
Agarwal: OYO began business consolidation and fixing errors in early 2020
“I have no qualms about saying it. So I started fixing and consolidating twenty-twenty early.”
Agarwal: OYO manages 150,000 vacation homes across Europe
“Just in Europe, we managed 150,000 holiday homes. So we have a fairly large business in Denmark, Netherlands, Germany, and few of these geographies.”
Agarwal personally handled customer support calls after raising VC funding
“So we had a call center, like most companies, and I used to be the call center person who would pick up calls. That's one call. I make the booking and I still love it because you speak to customers directly. Such an amazing job, right? So even after they inves…”