India’s 3rd most-valued startup OYO files for ₹8,430-crore IPO

Hospitality firm OYO has filed a draft prospectus to raise ₹8,430 crore (over $1.1 billion) through an initial public offering (IPO). The SoftBank Group-backed company’s IPO comprises fresh share sale of up to ₹7,000 crore. Founded by Ritesh Agarwal in 2013, the startup was last valued at about $9 billion, according to CB Insights, making […]

OYO’s valuation hits $9.6 bn after Microsoft’s $5 mn speculation

Microsoft has put $5 million in Indian spending inn network Oyo, as per an administrative documenting this week. The speculation affirms a TechCrunch scoop from last month. The new speculation esteems Oyo at $9.6 billion, just somewhat underneath the $10 billion inferred valuation from the Indian startup’s past financing round in 2019. The startup, which […]