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Ritesh Agarwal - OYO Hotels

Chalanachithram.com DB » New TF Industry Related » Archive through September 11, 2015 » Ritesh Agarwal - OYO Hotels « Previous Next »
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Jambalahaart_raja
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Username: Jambalahaart_raja

Post Number: 6056
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Posted on Thursday, September 10, 2015 - 11:38 am:       

80-20 rule applies everywhere, specially in new-age "Crowd-funding e-commerce" schemes start with Amazon, to Groupon, Redbus, Uber and OYO, and the list goes-on. Org is just a Prime Vendor. They typically prefer not to own anything, and take a 20% commission from the service provider, if not more.
"Chill Bro.
I told you to let it go!!"
- The Budhha.
 

Awara1984
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Username: Awara1984

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Posted on Thursday, September 10, 2015 - 04:23 am:       

surge pricing lo majority goes to uber and ola and less to driver
 

Nenu
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Posted on Thursday, September 10, 2015 - 04:06 am:       

under its name antu emi undadu
Not alll rooms in a particular hotel will be with OYO. Revenue sharing with some percentage of rooms that too with pre-agreed revenue sharing nadustadi.
OYO doesnt own any of the properties. Aggregators eppudu vertical integrate avvaru. They only invest in marketing and quality improvement like Wifi and stuff in rooms.tie ups with other hospitality and travel aggregators like yatra makemytrip tripadvisors would push their business.

ZO rooms ( Zostel) is also doing good. http://www.zostel.com/ try them if you are looking for budgeted stay
I am God; God is great
 

Filmbuff
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Username: Filmbuff

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Registered: 11-2011
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Posted on Thursday, September 10, 2015 - 03:29 am:       


Lolligadu:

surge pricing, if the speed is below 10 km it goes into waiting mode. deentlo koda uber ki untundi kada.




Yeah, but revenue stream is ultimately commission on proceeds. Even surge pricing lo they get a cut out of what goes to the driver, it is not like they get all the surge pricing into their pocket.
 

Lolligadu
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Posted on Thursday, September 10, 2015 - 03:23 am:       


Filmbuff:

but Uber does take a cut of upto 15-20% of the proceeds to the driver. That is their only revenue stream.


surge pricing, if the speed is below 10 km it goes into waiting mode. deentlo koda uber ki untundi kada.
ban Krishna_jilla for being a TT
 

Awara1984
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Posted on Thursday, September 10, 2015 - 03:21 am:       

ola and uber takes 10-15% take from the taxi fare
 

~chirutha~
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Posted on Thursday, September 10, 2015 - 03:13 am:       


Filmbuff:


Ya, makes sense!
Be Kool
 

Lolligadu
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Posted on Thursday, September 10, 2015 - 03:13 am:       


~chirutha~:

But Uber drivers doesnt give commision to Uber. Where Oyo hotels have to for Oyo.


uber ki drivers enduku istharu unkl, uber ki customers maname normal public, valla nunchi ubder teesukoni drivers ki isthundi. payment uber ki velthundi, vaadi deggara oka week untadi, vadu danni ennirakaluga aina invest seskovachu. oyo hotel kochey customers money lonchi commission teesukuntar .
ban Krishna_jilla for being a TT
 

Filmbuff
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Posted on Thursday, September 10, 2015 - 03:11 am:       


~chirutha~:

But Uber drivers doesnt give commision to Uber.




They might be doing that initially for expansion or getting into a diff city or because they want to kill Ola, but Uber does take a cut of upto 15-20% of the proceeds to the driver. That is their only revenue stream.
 

Lolligadu
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Posted on Thursday, September 10, 2015 - 03:06 am:       

ippudemi profits lo ledu, invest-expand mode lo undi. ilantivi expansion ki velli future big corps takeovers lo dabbulu ravatame kani. real profits soodalantey eedu teenage wonder nunchi middle age struggler avvali.
ban Krishna_jilla for being a TT
 

~chirutha~
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Posted on Thursday, September 10, 2015 - 03:06 am:       


Darth_vader:

check who his dad is.


I heard that he has got rich dad. But online says diff storeis like this Ritesh has sold sim cards at age 17 etc. Anyway age 17 lo .. if he has started implementing these ideas ante, even if he is a son of some rich guy, its very very appreciable!

Darth_vader:

marketplace for branded budget hotels just like uber is a marketplace for cabs


But Uber drivers doesnt give commision to Uber. Where Oyo hotels have to for Oyo.
Be Kool
 

Darth_vader
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Posted on Thursday, September 10, 2015 - 03:01 am:       


Lolligadu:

yep.....


marketplace for branded budget hotels just like uber is a marketplace for cabs nuvvu anattu
Never attribute to malice that which is adequately explained by stupidity.
 

Filmbuff
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Username: Filmbuff

Post Number: 7567
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Posted on Thursday, September 10, 2015 - 03:01 am:       


Darth_vader:

check who his dad is. :D




Evadu...father...

I know some people who invested in Oyo as angels, sitting on some windfall there.
 

Lolligadu
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Posted on Thursday, September 10, 2015 - 02:57 am:       


Darth_vader:

not at all like McD.


yep.....
ban Krishna_jilla for being a TT
 

Darth_vader
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Username: Darth_vader

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Posted on Thursday, September 10, 2015 - 02:56 am:       


~chirutha~:

Like McD.


not at all like McD.
Never attribute to malice that which is adequately explained by stupidity.
 

Darth_vader
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Username: Darth_vader

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Posted on Thursday, September 10, 2015 - 02:55 am:       


~chirutha~:


check who his dad is. :D
Never attribute to malice that which is adequately explained by stupidity.
 

~chirutha~
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Username: ~chirutha~

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Posted on Thursday, September 10, 2015 - 02:53 am:       


Lolligadu:


Yes thats wht I said. He own Oyo brand which has 2200 hotels to its name. Like McD.
Be Kool
 

Lolligadu
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Username: Lolligadu

Post Number: 9313
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Posted on Thursday, September 10, 2015 - 02:44 am:       


~chirutha~:

At the age of 21 he is the owner of OYO hotel chain which has 2200 hotels to its name!!


he doesnt own any of those hotels, uber like business model. he takes a percentage from the rooms he fills through his brand.
ban Krishna_jilla for being a TT
 

~chirutha~
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Username: ~chirutha~

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Posted on Thursday, September 10, 2015 - 02:40 am:       

For a moment, forget abt politics, movies. Look at this young chap who at age 17 dropped out of college voluntarily and went on his mission of starting his own venture. https://en.wikipedia.org/wiki/Ritesh_Agarwal

At the age of 21 he is the owner of OYO hotel chain which has 2200 hotels to its name!!
Be Kool

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