OYO Hotels and Homes has appointed Betsy Atkins, CEO and founder of Baja Corporation, as an independent Board Director, joining representatives from Goldman Sachs, SoftBank Vision Fund, Lightspeed India  and Sequoia Capital India.

As an independent member she will play a supervisory role, providing guidance to the founder and the company’s management on “key business decisions”.

This comes as OYO reports a six-fold rise in losses ahead of a likely IPO, attributed to rise in operating expenses and employee-related expenses, although revenue jumped four-fold.

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