Most people don't know this but Ritesh of OYO deceived one of his earliest backers - a guy who used to run an actual Bread and Breakfast in south Delhi. Ritesh didn't tell this guy that a funding round is about to happen and bought his shares right before the funding. Instead Ritesh said to this guy that he is obliging this B&B owner by buying out his shares because it's highly unlikely the funding round will come through. So the B&B guy caved in.

Most people don't know this but Ritesh of OYO deceived one of his earliest backers - a guy who used to run an actual Bread and Breakfast in south Delhi. Ritesh didn't tell this guy that a funding round is about to happen and bought his shares right before the funding. Instead Ritesh said to this guy that he is obliging this B&B owner by buying out his shares because it's highly unlikely the funding round will come through. So the B&B guy caved in.

Now as you know Karma has its way. what does around comes back around. Ritesh is finding it hard to take Oyo public at a decent valuation and on top of that he owes debt which he took against his OYO shares. Even if no one is watching in the business world, the god always has a keen eye for miscreants.

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