OYO to pay 8 months full salary as part of COVID-19 bereavement support: Ritesh Agarwal

Adding that the battle against COVID-19 is far from over, he said he hopes these initiatives will help ease out the difficulties for the families. "We know it's not easy to lose your loved one but irrespective of the circumstance we will support our OYOpreneurs and their kin in every possible way," Agarwal said.

Besides statutory benefits, the employee's legal heirs/ nominee will be granted an opportunity to liquidate and settle the vested options or exercised shares upon the occurrence of the next liquidity event, OYO said in a statement. "Over 200 OYO volunteers across over 50 cities continue to help our current employees and we are further extending COVID support &and resources ranging from oxygen concentrators to medical supplies round the clock to OYO Alumni and their families," he added in another tweet.

Concluding the series of tweets, Agarwal said, "We won't stop here. In addition to our existing COVID employee policies, we want to do more, not just for OYOpreneurs but also for our extended OYO family. Now more than ever we need to support those who built OYO into what it is today."