At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Ritesh Agarwal

Travel tech platform OYO reported financial year 2023-24 as the maiden profitable fiscal with a net earning of nearly Rs 100 crore, founder Ritesh Agarwal said on Thursday.

In a post on social media platform X, Agarwal said he sees growth ahead “not just in India” but also in OYO’s other key markets of Nordics, South East Asia, the US and UK.

“While a delighted customer or a hotel partner brings the biggest smile on my face, our first cut financials of FY24 have me humbled as well,” Agarwal shared.