High stakes: OYO, FHRAI accuse each other of functional irregularities

Reports of the two butting heads date back to December 2018, when FHRAI accused OYO of large-scale breach of contracts, jeopardising consumer safety and violation of law

In a recent letter to the Ministry of Tourism, IPO-bound hotel aggregator platform OYO requested it to investigate the Federation of Hotel and Restaurant Associations of India (FHRAI) and take action against the industry body’s “illegally-run” executive committee.

This was the most recent development in a tussle between the two that has spanned the past five years. In this case, the issue has assumed a new dimension because the loss-making, 10-year-old OYO Rooms, promoted and led by the 29-year-old charismatic billionaire Ritesh Agarwal, is headed for its second attempt to raise money from the stock markets.

Reports of the two