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.
Synopsis
If even one of Nykaa, Zomato, Delhivery or Policybazaar has a successful IPO, the Indian startup ecosystem could see a massive inflow of foreign capital, A91’s Abhay Pandey and Zerodha’s Nithin Kamath say on ETtech’s Clubhouse chat.
ETtech
Mumbai: The inflection point for the Indian startup story is expected to come in 2021, as at least half a dozen tech startups are lining up to go public this year. According to industry insiders, if even one of the companies
Nykaa, Zomato,
Delhivery or
Policybazaar has a successful IPO, the Indian startup ecosystem could see a massive inflow of foreign capital.
The Zomato IPO—slated for later this year—is expected to raise $750 million to $1 billion through a 100% primary offering, keeping in mind the long-term upshot that the investors expect from the stock.