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OYO may raise equity from private investors at valuation of up to $4 billion: Source

OYO may raise equity from private investors at valuation of up to $4 billion: Source
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OYO Eyes New Funding as Valuation Soars to USD 4 Billion

OYO, the travel tech platform, may raise equity at a valuation of up to USD 4 billion following interest from private investors. The IPO-bound firm, with backing from Softbank, reported its first profitable year and may use the new funding to reduce debt further. ....

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OYO May Raise Equity Funds From Institutional Investors At USD 3-4 Billion Valuation: Ritesh Agarwal

The IPO-bound firm, backed by Softbank, had its maiden net profitable year in FY24 when it posted a profit after tax (PAT) of Rs 99.6 crore (USD 12 million). ....

Ritesh Agarwal , Exchange Board Of India Sebi , Oravel Stays Ltd , Founder Ritesh Agarwal , Stays Ltd , Exchange Board ,

OYO may raise equity funds from institutional investors at $3-4B valuation: Ritesh Agarwal

In preparation for the refinancing, OYO has moved its application with markets regulator SEBI to withdraw its current draft red herring prospectus.
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''Word-Of-Mouth Marketing Helped OYO Take Off In 2013-14'': Founder Ritesh Agarwal

Mr Agarwal shared how the startup's first patron, Yadav ji from Gurugram, had no faith in OYO. ....

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