OYO estimates revenue to be $751 mn in 2022-23: CEO

Hospitality and travel-tech firm OYO estimates its revenue in 2022-23 to be $751 million on the back of which it expects to post its first operating profit in a full year, company Founder and Group CEO Ritesh Agarwal has told its employees.

At an employees townhall held this week, Agarwal is understood to have shared how the company has been able to gradually strengthen its financials after overcoming the challenges of the pandemic.

The company expects its revenue in FY23 to be $751 million, up 19 per cent from $629 million in FY22, he told the employees through a presentation during the townhall.