Humble pie

How I was wrong about OYO’s Ponzi scheme

Or was I really? No one cares about the business model in any case—the company, the founder, the investors and the media

Oyo-ponzi.jpg

Around a year ago, I had written a post on OYO Rooms on LinkedIn questioning if its business model was the startup equivalent of a Ponzi scheme.

At that time, OYO Rooms was a managed marketplace for budget hotels in India and had gained fame on account of the tender age of its founder, Ritesh Agarwal (who had started the company at the age of 18) and more importantly for being one of few early-stage Indian startups backed by over $100 million in funding from marquee investors…

To access this content, you must purchase Monthly Recurring or Quarterly, or log in if you are a member.

Sign up to read this story
for free right away

Stories on The Ken are available only for its subscribers. This story is shared with you for free, just sign up to get instant access.

Have an account?

Related stories

More stories in /Analysis & /Startups

See all in Analysis & Startups

Sign up for free to read this story right now. Sign up for free

Sign up to read this story for free right away

Stories on The Ken are available only for its subscribers. This story is shared with you for free, just sign up to get instant access.

Why should I pay for reading your stories?

Lots of effort We go to lengths to put in time and resources required to get the most factual, honest stories out there.

Advertising independent Our primary allegiance will always be to our readers. We won't be swayed by our advertisers and investors.

We can't do all of this by giving away our journalism for free and selling our readers by the thousands to advertisers.

Get premium access