Oyo is worse than the others. They think they can offer the same type of hotel quality without employing all the quality inspectors of Marriott/Hilton/IHG/Hyatt/etc. I don’t think any educated adult could be dumb enough to fall for that.
I have to assume any VC taking part in a business that needs additional human labor to scale and hence has significant marginal costs is simply betting on being able to dump the company in the public markets.
Yes, his current strategy seems to be find a magazine article worthy “leader” like the we work guy or the oyo kid and hype them up and hope he can dump it before there are no buyers. I don’t know what his strategy was in the past, but he commands quite a bit of money so maybe it worked at some point.
I have to assume any VC taking part in a business that needs additional human labor to scale and hence has significant marginal costs is simply betting on being able to dump the company in the public markets.