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The dark side of OYO's success story 😱
Did you know that OYO, the hotel giant, had a co-founder who was cheated by Ritesh Agarwal? 😲
His name is Manish Sinha, and he helped OYO grow from a few hotels to thousands of properties across India. 🚀
He also came up with the name OYO, which stands for On Your Own. 🙌
But in 2015, he found out that Ritesh had reduced his stake in OYO from 26% to 2.5% without his consent. 😡
He sued Ritesh and OYO for breach of trust and contract, and the case is still pending in court. ⚖️
Meanwhile, he moved on to start his own venture called Cinnamon Stays, a boutique homestay in Gurgaon that offers a cozy and soulful experience to guests. 🏡
He also runs a consulting firm called The Thot Lab, where he helps startups and brands with their marketing and branding strategies. 💡
He says he has no regrets about leaving OYO, and that he cares more about soul than scale. 🙏
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