 "Oyo, Oyo rooms")
In a recent letter to the Ministry of Tourism, IPO-bound hotel aggregator platform OYO requested it to investigate the Federation of Hotel and Restaurant Associations of India (FHRAI) and take action against the industry body’s “illegally-run” executive committee.
This was the most recent development in a tussle between the two that has spanned the past five years. In this case, the issue has assumed a new dimension because the loss-making, 10-year-old OYO Rooms, promoted and led by the 29-year-old charismatic billionaire Ritesh Agarwal, is headed for its second attempt to raise money from the stock markets.
Reports of the two butting heads date back to December 2018, when FHRAI accused OYO of large-scale breach of contracts, jeopardising consumer safety and
