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“If India Isn’t Your Focus…”: OYO CEO’s Call to Global Brands

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Ritesh Agarwal, renowned as a judge on ‘Shark Tank India’, emphasized the growing interest of global brands in India. As the founder and CEO of OYO Rooms, a leading global hospitality chain, Agarwal highlighted the favorable business environment and supportive government policies that make India an attractive destination for companies looking to expand.

In a recent post on X platform, Agarwal pointed out India’s transformation from a global back office to a hub of talent. He emphasized that for any global brand, startup, or business, neglecting India could mean missing out on significant opportunities.

OYO Rooms, known for its innovation in hospitality and travel technology, reported a profit after tax (PAT) of ₹30 crore in the third quarter (Q3) of the last fiscal year (FY24). This successful quarter followed a profitable second quarter (Q2) with a PAT exceeding ₹16 crore.

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