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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The challenges of running a budget hotel chain in India forced the decade-old company to quietly shift its focus to a travel management platform for corporate travellers. Now it must face challenges of another kind.
Running a budget hotel chain in India is nobody’s cup of tea. Many founders have eventually either moved to another model (Wudstay) or shut down operations altogether (Stayzilla, ZO Rooms). Even OYO, once India’s fastest-growing budget hotel chain, has had to eat humble pie and see its valuation plunge from over $10 billion to $3.65 billion. From a franchise-based business model, it had to settle for an aggregator’s role and look for growth outside India. The latest budget hotel chain operator to join this list is FabHotels.
Over the last five years or so, the Gurugram-headquartered company has quietly changed …
The contrasting approaches are driven by two very different strategies. One wants to capture more markets; the other is focused on discipline and profits.
The UAE is looking at its first public listing of the year while Egypt just delivered a big one; OpenAI’s bugging accused has ties to Saudi Arabia; and other updates from the week.
The instant house help business has become the centre of focus and investment at the home services company. But another fight may be brewing in its core business.
