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A sleepy residential lane in Gurgaon had several of these budget-stay options, which further cemented our market depth thesis.It was also clear from our conversations with the owners that the Oyo model was working and that they therefore treated Oyo like a partner who has access to complete inventory rather than a marketing channel (e.g. Interestingly, when we spoke to the OTAs, some of them did admit that this was a huge opportunity and they had themselves thought of capitalising on it.Monuments, museums, churches, palaces, parks: Pitti Palace, the Old Bridge, Santo Spirito Square, the Gardens of Boboli - just to name a few...And then mosaic-makers, wood carvers, gilders, goldsmiths...But it required a completely different organisation and it would be very tough to execute.Oyo was still very young and in a state of transition:a few hotels and less than 10 people in the team, some of whom were part time and working from a different city.We expect them to disprove many more and wish them all the best in the next phase of their journey.—- Footnote 1: In order to preserve confidentiality of company data, absolute scale is not provided in the graphs above.

Instead of going down the path of driving GMV through discounting and at the cost of margins, Manoj and Monica went through the harder path of building the core of the business – bringing thousands of suppliers across the country on to the platform and helping them sell online.

Base scale is sufficiently large that the above data is a representative indication of product-market fit, in our opinion.

Discover with us one of the most beautiful parts of Florence: the quarters "on the other side" of the Arno, Oltrarno.

'You can pay more for sleeper cars, which include proper beds and meals.''If you want to see tourist America, rent a Cadillac, get on Route 66 and stop off at a few cutesy diners and motels.

If you want to see the real America in all its spectacular, crazy, kooky glory, get on the train,' he wrote.

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