Update How the startup ecosystem is reacting with COVID-19 Virus? 

 5 days ago
 Source: economictimes.indiatimes.com

Covid-19: Oyo sends letter to vendor partners, warns of disruption in payment cycles

Quick Summary

Oyo confirmed the development.“Oyo does see challenges in the hospitality and travel industry in the near term. We, therefore, continue to over-communicate during this time with full transparency and have accounted for any possible anomalies that may arise. My property has been given on a minimum guarantee basis and payments have been an issue. They told me they won't be able to pay me the agreed upon amount and that they will take the hotel on a commission basis. "If Oyo wants to avoid payments this is a golden chance.

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