OYO stumbles toward an IPO

Oyo is learning that lightspeed growth is fraught with peril. The Indian budget hotel startup might be tapping the brakes on meteoric expansion plans to focus on profitability, better serving its main funding source, SoftBank and its suffering Vision Fund, and better prepare for an anticipated IPO. Another SoftBank-funded unicorn, shared-workspaces provider WeWork, recently aborted its planned IPO amid losses and criticism of management.