OYO Rooms cuts losses by nearly 35% to â¹325 crore in FY 2017
Gurugram-based hotel booking marketplace OYO Rooms reduced its losses for the financial year ended March 2017 to â¹325 crore from â¹496 crore in the previous year, as per its earnings report. The firm claims to have witnessed its "highest grossing months" in the earnings report. Launched in 2013, the startup is backed by Sequoia Capital and SoftBank.