🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Hospitality startup Oyo readying to file IPO papers in first quarter
Economic Times
·
6m ago
Medial
Oyo is gearing up for a public offering by filing its draft red herring prospectus by the first quarter of the financial year, marking its third IPO attempt. Founder Ritesh Agarwal is restructuring shareholding, with major stakeholders including Agarwal, SoftBank, and family offices. The IPO follows investor interest and Agarwal's debt financing arrangements. Oyo's valuation has fluctuated but shows revived sustainable operations, achieving profitability and expanding internationally, notably with the acquisition of G6 Hospitality in the US.
View Source
2
Related News
OYO Gears Up for Market Debut, Set to File IPO Papers by September
StartupTalky
·
2m ago
Medial
OYO, the hospitality company, is planning to file for an IPO between August and September, aiming for a market debut in Q4 FY25-26. After previous unsuccessful attempts in 2022 and 2024, OYO has resumed discussions with investment banks, potentially valuing at $6-$7 billion. Despite earlier suggestions by SoftBank to delay, OYO has strengthened its position in key markets and shown financial growth, boosting investor confidence. Recently, OYO also won a legal case with Zostel Hospitality.
View Source
Grapevine: Oyo, BBC Studios, AkzoNobel India, JSW Paints, TPG, and SIDBI in news
VCCircle
·
6m ago
Medial
Oyo intends to file its Draft Red Herring Prospectus (DRHP) by the first quarter of the next financial year. Meanwhile, BBC Studios is contemplating withdrawing from its Indian content business. Additionally, JSW Paints and TPG are in discussions about forming a partnership to make a bid for AkzoNobel India. These strategic business moves highlight significant shifts and negotiations within the hospitality and manufacturing sectors in India.
View Source
Oyo may back out of IPO plan, opt for private raise
Economic Times
·
1y ago
Medial
Oyo Hotels & Homes is reportedly considering withdrawing its draft application for an IPO of over $1 billion from the Securities and Exchange Board of India (SEBI). The hospitality startup is said to be in discussions with private market investors to raise new funding instead. Oyo's first IPO filing was returned and required additional updates and revisions. The company has yet to confirm the withdrawal plans. Former SBI chairman Rajnish Kumar has also reportedly left his position as group strategic advisor at Oyo.
View Source
Oyo founder seeks new investment at $3.8B valuation
TechCrunch
·
8m ago
Medial
Ritesh Agarwal, founder of Oyo, has proposed injecting $65.1 million into the Indian hospitality startup through Redsprig Innovation Partners. This investment would value Oyo at $3.8 billion, a 38% premium to its previous valuation of $2.3 billion. Oyo has previously raised over $3.4 billion in equity and debt. It remains unclear if Agarwal has settled a $2 billion loan taken in 2019. Oyo is also reportedly preparing to file for an initial public offering for the third time within two months.
View Source
IPO-bound OYO’s profit doubles QoQ to INR 30 Cr in Q3 FY24: CEO Ritesh Agarwal
Inc42
·
1y ago
Medial
IPO-bound hospitality unicorn OYO doubled its profit after tax to INR 30 Cr in Q3 FY24, according to CEO Ritesh Agarwal. This marks the startup's second consecutive profitable quarter and is attributed to enhanced customer experience, increased patron confidence, and favorable market conditions. OYO also reported a nearly 10% YoY revenue growth in the same period, alongside a 15% reduction in operating costs compared to the previous year. The platform's number of hotels increased by 27% to 17,000 over the past year. OYO has also repaid INR 1,620 Cr of its outstanding term loan.
View Source
Oyo Hotels Seeks $450 Mn Bond Sale For Refinancing
Inc42
·
1y ago
Medial
Indian hospitality startup Oyo Hotels is reportedly planning to secure up to $450 million through dollar bonds to replace its existing high-cost loan and address delays in its stock-market debut. The company's parent company, Oravel Stays Ltd., is in talks with banks to raise funds for repayment. Oyo raised $660 million in term loan funding earlier this year and hopes to finalize the refinancing process by the third quarter of 2022. The move comes as Oyo aims to improve its financial health and reports a decrease in net loss despite business growth.
View Source
Oyo completes G6 Hospitality acquisition from Blackstone Real Estate for $525 million
Economic Times
·
7m ago
Medial
Hospitality startup Oyo has acquired G6 Hospitality, the parent company of Motel 6 and Studio 6 brands, for $525 million. This acquisition is expected to boost Oyo's earnings and significantly enhance its presence in North America. The transaction adds approximately 1,500 franchised hotels to Oyo's portfolio and is projected to generate a gross booking value of around $3 billion. Oyo's founder, Ritesh Agarwal, is also planning to increase his stake in the company by buying additional shares worth Rs 550 crore. Oyo reported its first-ever profit after tax of approximately Rs 229 crore in FY24.
View Source
SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million
Economic Times
·
1y ago
Medial
Omnichannel retailer FirstCry is set to file its draft IPO papers in the coming days, aiming to raise $500-600 million at a valuation of $4-5 billion. The company specializes in selling products for kids and mothers online and offline. Three Indian family investment offices recently invested around Rs 435 crore in FirstCry. SoftBank, the largest investor, is looking to dilute its stake to under 26% to comply with FDI laws. Ola Electric, another SoftBank portfolio company, is also expected to file its IPO papers soon.
View Source
Booking Profits: How IPO-Bound OYO Turned Things Around In FY24
Inc42
·
1y ago
Medial
Hospitality company OYO is set to refile its draft prospectus for an initial public offering (IPO) and is working on refinancing its debt before going public. Sources suggest that the OYO IPO might be delayed for up to a year as the company awaits the terms of refinancing for a $660 million loan. OYO has been focusing on cutting costs and improving its operating efficiency, with a particular focus on spiritual travel, which has shown promising growth. While competition is stiff in some markets, OYO has found success in Nordic countries, Southeast Asia, and parts of the UK and US.
View Source
OYO to Rename Its 'Corporate Brand' Ahead of IPO
OutlookIndia
·
2m ago
Medial
OYO's founder, Ritesh Agarwal, announced plans to rename the corporate brand overseeing its business segments in preparation for an IPO. The change aims to establish a new global identity beyond hospitality. Existing brands like OYO Hotels and OYO Vacation Homes will retain their names. The company has invited community input for the new name. Despite previous setbacks, OYO is engaging banks to potentially list in 2026, reflecting renewed investor confidence amidst improved financial metrics.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
