On Ram Janmabhoomi temple, Jefferies says potential beneficiaries in the hotels and hospitality sector are Indian Hotels Company Ltd, ITC Hotels, EIH Ltd, and Oyo Rooms.
The number of funding rounds has dropped by 30% to 1,841 so far this year from 2,647 seen in the Jan-Nov period last year, according to a report by Tracxn
The regulator has slapped a fine of ₹223.48 crore on MakeMyTrip-Goibibo (MMT-Go) and ₹168.88 crore on OYO (Oravel Stays Limited) for indulging in anti-competitive conduct.
While the company streamlined unorganised travel sectors in different markets, the Covid-19-struck online travel agency is caught in a cycle of debt with very little space to paddle.
“Whenever the company is facing any challenge, go back to customers and partners,
they will tell you what to do. All the decisions we took after Covid-19 were based on feedback and suggestions.”
India last experienced such a burst during defining moments such as Independence or the reforms of the 90s. With enormously influential firms, they are truly the Tatas and the Bajajs of the 2000s.
Having built one of India’s most successful unicorns with a global footprint in less than a decade, Ritesh Agarwal of OYO is now tapping into newer opportunities such as staycation and holiday homes.