PharmEasy is on track for an IPO but is still negotiating with new investors to raise between $200 million and $300 million at a valuation of around $5.6 billion. Talks with SoftBank have reportedly fallen through.
The Zomato IPO opened peoples eyes to India and the pathways to listings by privately funded, homegrown unicorns—from Paytm to Byjus and Flipkart to Oyo.
Oyo is raising a loan that’s seen as a precursor to listing
Oyo s loan is open to institutional investors for two weeks with a June 2 application deadline, according to a Bloomberg report.
Synopsis
Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance, in a move that can be seen as a precursor to listing of a company.
New Delhi: SoftBank-backed Oyo Rooms is in the process of raising around Rs 4,400 crore from a bunch of international investors through a Term Loan B (TLB) issuance in a move that can be seen as a precursor to the listing of a company.