Oyo reshuffles top posts amid uncertainty on IPO

Hospitality startup Oyo has carried out a top-level reshuffle amid reports it is tweaking its initial share sale plans as Indian capital markets go through a volatile phase.

Oyo’s current CEO (India and Southeast Asia) Rohit Kapoor will now be the company’s global marketing head. Ankit Tandon, the firm’s global Chief Business Officer, will take on the additional responsibility of Southeast Asia with a specific focus on Indonesia and the Gulf region as its CEO.

Ankit Gupta, now the CEO of Hotels and Homes-India, will take on the role of CEO-India. All three executives will take up their new positions from April 1 and will report to founder Ritesh Agarwal.

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