Business Oyo founder Ritesh Agarwal speaks on the backlash from hotel owners, IPO plans and why he bought back stake Updated : October 31, 2019 06:33 AM IST The group has locked horns with hotel operators, who claim that the company is hurting their businesses, rather than helping them grow. Oyo has 99 percent annual asset retention, which means 99 percent of asset owners who join our family stay with the family a year later, says Agarwal. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.