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OYO May Not See Profits In China, India Until 2022

PYMNTS

India-based OYO has filed a valuation report with India’s ministry of corporate affairs indicating that the company did not expect to turn a profit until 2022, Reuters reported on Monday (Nov. The losses were six times higher in 2019 through March compared to 2018, but its revenue more than quadrupled for the same time period.

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OYO Reduces Hotel Room Count, Begins Layoffs

PYMNTS

As it encounters pressure from SoftBank, its largest investor, to cut back on operating losses, budget hospitality company OYO is quickly scaling back. With its Vision Fund, SoftBank has put money into startups around the world in recent times. The retreat of OYO has been fast and broad.

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Which IRS Form 990 Should Your Nonprofit File?

The Charity CFO

In fact, as a nonprofit organization, the expectations for transparency and accountability are higher than those for for-profit businesses. It simplifies the filing process for very small and startup nonprofits. . Balance sheet that matches the profit and loss information . Why do nonprofits need to file Form 990?