First, let's look at Oyo in numbers
Oyo has raised a total of Rs. 16,929 cr since 2012 (equity+CCPS)
In the same period, Oyo has burnt (accumulated losses) Rs. 16,791 cr β€οΈβπ₯
Talk about efficient allocation *cough* incineration of capital!
2/n
Oyo has raised a total of Rs. 16,929 cr since 2012 (equity+CCPS)
In the same period, Oyo has burnt (accumulated losses) Rs. 16,791 cr β€οΈβπ₯
Talk about efficient allocation *cough* incineration of capital!
2/n
Some other key numbers:
Revenue FY21 - 4,157 cr
Loss FY21 - 4,102 cr
Loss FY20 - 11,080 cr
Total debt - 4,891 cr
Net worth - 2,744 cr
Cash balance - 2,799 cr
3/n
Revenue FY21 - 4,157 cr
Loss FY21 - 4,102 cr
Loss FY20 - 11,080 cr
Total debt - 4,891 cr
Net worth - 2,744 cr
Cash balance - 2,799 cr
3/n
Return on equity at healthy negative 100%+ πΈ
4/n
4/n
Massive *adjusted* losses but better than last year? Letβs make it green!
5/n
5/n
Key financial/operating parameters from FY2019-FY2020 omitted in the DRHP. Is this allowed?
6/n
6/n
Pretty complex corporate structure
Total subsidiaries - 80
Total JVs - 40
7/n
Total subsidiaries - 80
Total JVs - 40
7/n
Yogababble
# of times mentioned in DRHP
-Technology 580
-Platform 455
-Covid 184
-Software 57
-Flywheel 8
8/n
# of times mentioned in DRHP
-Technology 580
-Platform 455
-Covid 184
-Software 57
-Flywheel 8
8/n
Tech co... with 13% tech employees
9/n
9/n
No listed comparables.. Err easy trip? Oh wait, they make money nvm
10/n
10/n
Legal stuff:
Ritesh Agarwal has provided a $1 billion indeminity to Softbank for being classified as promoter
11/n
Ritesh Agarwal has provided a $1 billion indeminity to Softbank for being classified as promoter
11/n
Ongoing legal dispute with Zostel, that could require Oyo to pay upto 7% of its value to Zostel
12/n
12/n
$200k salaries for independent directors
13/n
13/n
In summary:
- #Oyo wants to raise $ 1.2b
- At a $12b valuation
- With revenues/losses of ~$580m
- At a time it says business has been rekt
- After burning all its investor capital
- And laying off a large % of its workforce
- And taking on large amounts of debt
/end
π¦π©π΄
- #Oyo wants to raise $ 1.2b
- At a $12b valuation
- With revenues/losses of ~$580m
- At a time it says business has been rekt
- After burning all its investor capital
- And laying off a large % of its workforce
- And taking on large amounts of debt
/end
π¦π©π΄
Please share if you found this interesting/useful!
@contrarianEPS @deepakshenoy @akm1410 @andymukherjee70
@contrarianEPS @deepakshenoy @akm1410 @andymukherjee70
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