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Potentially similar story at an earlier stage: Oyo, a budget hotel chain from India.

They raised 1.7 B, mostly from Softbank, and are now getting in the vacation rentals space in Europe.

Their approach is unclear. I spoke to their representatives and it seems unclear for them too.

Nothing seems to make sense in what they are doing in this vertical.

The only logical explanation seems that they are trying raise the valuation of the brand.

It could be the next WeWork.



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