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FY18 Revenues digest: Oyo, SoftBank and Foodpanda

Oyo has a realised value run rate of $1.8 billion with 458,000 rooms as of December 2018, the company said in a statement. It saw 4.3X growth YoY globally, and brought in an estimated global India revenue of Rs 1,400 crore in FY 2018-19, (update: growing at 3.5x YoY). Abhishek Gupta, Chief Financial Officer, OYO Hotels & Homes, said that the company brought down its losses from 50% to 10.4%. Global stayed room nights (Annualised based on December run-rate) 6 million in December 2016 13 million in December 2017 75 million (99 million based on December 2018 peak) in December 2018 (5.7x growth on a YoY basis) Oyo said that this has been because of an increase in “exclusive room supply”, 5.7X increase in stayed room nights consistent increase in commission incomes It claims that a tie up with Oyo increases the occupancy level from 25% to 65% for standalone hotels. Oyo is now present in 500 cities across 8 countries. SoftBank Oyo’s investor SoftBank has reported an operating income of ¥ 808.8 billion, “reflecting the increase in the fair values of Uber, OYO, WeWork, and other investments.” This was up 70% from income of ¥ 236.4 billion in the same period last year. These figures are for the 9 months ending 31 December 2018. Operating income from SoftBank Vision Fund and Delta Fund was ¥808.79 billion, compared with income of ¥236.42 billion in the same period of the previous fiscal year. This was because of: Realized gain of ¥ 146.68 billion on…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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