Know Business Model

History of oyo:- Founder of oyo rooms is Ritesh Aggarwal, started his company in 2013 when he was just 21. Earlier company name was ORAVEL STAYS PVT. LTD. Till now, he got the funding if $188 million (1300 crore) by SoftBank (maximum funding). Introduction:- Oyo rooms is a hotel aggregator but different from other because other do listing by hotel names but oyo list hotels by their own names like oyo flagship etc. Working:- Other companies like makemytrip, goibibo, Cleartrip etc. work on commission basis for booking of rooms and hotel but oyo rooms work on reselling basis. Revenue model:- Oyo book hotels in advance and get high discount by hotel owners. Benefit to hotel owners is they get bulk bookings in advance.Benefit to customer is high discount. Let me explain by an example:- If the cost of 1 room/night=2000 rs Oyo rooms get 50% discount=2000*50/100= 1000rs. Oyo resell at 1200 rs Profit to customer=800 rs. Profit to oyo is 200 rs/room. Now, Ex...

There’s no such thing as free money (or a free lunch) If you’re getting something for free,  you  are being sold. Google is selling you to advertisers by knowing you better, and Tez makes sense because: They know what you’re looking for (Google Search) They know what you’re watching (YouTube) They know where you’re going (Google Maps) They know what you’re reading (Google Feed) They know what you’re communicating (Google Mail) One big gap is that they don’t know what you’re spending on. Google Tez will give them that answer as well. Regarding the business model, Google Tez may ease the way users purchase the product from the advertisements shown by Google. One of the pain points in selling a product to Indian users is the less penetration of the credit cards usage and a high number of the drop-off at the payments page. For example, I am selling apps through Google Play. Whenever the US users purchase the app, the average drop off is 4% at the payments pa...