OYO raises ₹1,457 crore in latest funding round for growth and global expansion
4 months, 1 week ago

OYO raises ₹1,457 crore in latest funding round for growth and global expansion

Hindustan Times  

Oravel Stays Ltd, the parent company of OYO, has raised ₹1,457 crore from a consortium of investors in the latest funding round, sources said. OYO has raised ₹ 1,457 crore from a consortium of investors in the latest funding round The IPO-bound unicorn has raised nearly ₹1,040 crore in the Series G funding round. The investment is being made through Compulsory Convertible Cumulative Preference Shares, each priced at ₹29, consistent with the valuation of the recent raise in Series G. The funding round includes contributions from InCred Wealth, who led the recent fundraise as well as J&A Partners, the family office of Mankind Pharma promoters and ASK Financial Holdings. InCred will be issued 2,62,84,483 shares, J&A Partners 4,13,79,310 shares, ASK Financial up to 48,27,586 shares and Patient Capital Investments Pte Ltd 28,62,06,897 shares.

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History of this topic

Oyo founder Ritesh Agarwal invests Rs 830 crore in funding round, valuation drops to $2.4 billion
4 months, 1 week ago

Oyo founder Ritesh Agarwal invests Rs 830 crore in funding round, valuation drops to $2.4 billion

New Indian Express  

BENGALURU: Hospitality chain Oyo's founder Ritesh Agarwal has invested Rs 830 crore in the company's latest funding round through Singapore-based entity Patient Capital. The first tranche of funding of Rs 416.85 crore was led by Incred Wealth in July 2024. An additional fund raise of Rs 1047 crore was approved by shareholders of the company on August 8 in an …

Oyo in talks to raise ₹1,000 crore from Indian family offices: Report
6 months ago

Oyo in talks to raise ₹1,000 crore from Indian family offices: Report

Hindustan Times  

Oyo is reportedly in talks to secure around ₹1,000 crore from the family offices of prominent Indian corporate executives and stock market experts. The Economic Times reported citing people in the know that potential investors include corporate strategy advisor Anand Jain, Mankind Pharma promoter brothers Ramesh and Rajeev Juneja, and Utpal Sheth, a close associate of the late market expert …

Mankind Pharma raises ₹1,298 cr from anchor investors ahead of IPO
1 year, 7 months ago

Mankind Pharma raises ₹1,298 cr from anchor investors ahead of IPO

Live Mint  

Mankind Pharma on Monday said it has raised ₹1,298 crore from anchor investors ahead of its initial share sale that opens for subscription on 25 April, 2023. “Trading Members of the Exchange are hereby informed that, under Anchor Investors portion in the Public Issue of Mankind Pharma Limited, 1,20,17,652 equity shares have been subscribed today at Rs. Canada Pension Plan …

IPO-bound OYO valuation dips in private market: Report
2 years, 2 months ago

IPO-bound OYO valuation dips in private market: Report

Hindustan Times  

Valuation of IPO-bound OYO in the private market has dipped to around USD 6.5 billion following reports of a markdown of valuation of the hospitality and travel-tech firm by SoftBank in its private books, according to industry players. Last month, in a regulatory filing OYO reported a revenue of ₹ 1,459.32 crore in the three-month period ended June 30, 2022. …

A slimmed-down Oyo looks better placed for an IPO
2 years, 2 months ago

A slimmed-down Oyo looks better placed for an IPO

Live Mint  

Oyo Hotels & Homes has shelved some of its grand overseas ambitions. If the recovery in budget travel, which is Oyo’s bread and butter, can gain a bit of steam, the company would be relatively well placed for a public listing, even in a tough market. In its preliminary IPO filing with Indian market regulators last year, Oyo said it …

OYO appoints Ankit Gupta as CEO; to lead flagship hotels, homes
3 years, 1 month ago

OYO appoints Ankit Gupta as CEO; to lead flagship hotels, homes

Live Mint  

Ltd, which operates the OYO Hotels and Homes business, said it has appointed Ankit Gupta as chief executive officer of franchise and frontier business – India. As a part of his expanded responsibilities, Gupta will be leading OYO’s flagship hotels & homes business as well as other verticals. Earlier in March, an arbitral tribunal ruled in favour of Zostel calling …

SoftBank-backed Oyo files draft papers for $1.14 billion IPO
3 years, 2 months ago

SoftBank-backed Oyo files draft papers for $1.14 billion IPO

Hindustan Times  

SoftBank-backed Indian hotel aggregator Oyo filed for a $1.14 billion initial public offering on Friday, becoming the first hospitality company in the country to seek a domestic stock listing since 2019. According to Oyo's draft herring prospectus, the offer for sale comprises equity shares aggregating up to 13.29 billion rupees by SVF India Holdings, a firm incorporated in Cayman Islands …

Oyo likely to file for ₹8,000 crore IPO next week
3 years, 3 months ago

Oyo likely to file for ₹8,000 crore IPO next week

Live Mint  

SoftBank Group-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering next week to raise around $1 billion, a source told Reuters on Thursday. The hotel aggregator is looking to list in India's financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, adding it will …

Microsoft in advanced talks to invest in OYO: Report
3 years, 4 months ago

Microsoft in advanced talks to invest in OYO: Report

India TV News  

Satya Nadella-run Microsoft is in advanced talks to invest in Airbnb-backed Indian budget hotel chain OYO at a valuation of $9 billion, the media reported on Friday. "We are delighted by the response to OYO's maiden TLB capital raise that was oversubscribed by leading global institutional investors. We are thankful for the trust that they have placed in OYO's mission …

OYO raises $660 million via debt funding from investors
3 years, 5 months ago

OYO raises $660 million via debt funding from investors

Hindustan Times  

Hospitality unicorn OYO Hotels and Homes Ltd on Friday said that it raised debt funding worth $660 million from global institutional investors, including Fidelity Investments. OYO will use these funds to retire its past debts, strengthen the balance sheet and leverage the funds for other business purposes, including investment in product technology. “We are delighted by the response to OYO’s …

OYO raises $660 mn debt from investors
3 years, 5 months ago

OYO raises $660 mn debt from investors

Live Mint  

Bengaluru: Hospitality unicorn OYO Hotels and Homes Ltd on Friday said that it raised debt funding worth $660 million from global institutional investors, including Fidelity Investments. “We are delighted by the response to OYO’s maiden TLB capital raise that was oversubscribed by leading global institutional investors. “It’s heartening for me to see the strong interest from the investor community in …

Oyo has $1 billion to fund operations until IPO, CEO Ritesh Agarwal tells employees
4 years ago

Oyo has $1 billion to fund operations until IPO, CEO Ritesh Agarwal tells employees

Live Mint  

Ritesh Agarwal, founder and chief executive officer of Oyo Hotels, told employees the Indian startup is making progress in recovering from the coronavirus fallout and has about $1 billion to fund operations until an initial public offering. The 27-year-old entrepreneur made the comments in a fireside chat with Oyo board member Troy Alstead, after the once high-flying company endured months …

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