Indian hospitality unicorn Oyo says it has capital runway of 3-4 yrs

Indian hospitality unicorn Oyo says it has capital runway of 3-4 yrs

OYO in Manali, India. Photo: OYO Rooms

Hospitality unicorn Oyo Hotels and Homes said it has enough cash to run its business for at least three more years without raising capital and the company will not exit any of its markets, at present, despite the collapse in the hotel business globally amid coronavirus outbreak.