Commissions Bite As 35% Restaurants Willing To Exit Food Delivery Apps
The average ‘per order’ commission has increased from 9.6 per cent in 2019 to 24.6 per cent in 2023, a report shows
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Oyo Revenue Surges, Loss Narrows As Company Moves Closer To IPO
- by BW Retail World Bureau
- October 27, 2023
Hospitality leader Oyo, headed by Ritesh Agarwal, has reported a significant increase in revenue and a narrowed loss for fiscal year 2023 as it moves closer to a public listing. In FY23, Oyo, formally known as Oravel Stays, recorded consolidated revenue from operations of Rs 5,463.9 crore, compared to Rs 4,781.3 crore in FY22. The […]