🚀 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
OYO Founder Ritesh Agarwal To Raise Stake In The Company
Inc42
·
9m ago
Medial
OYO founder Ritesh Agarwal is looking to increase his stake in the company from 30% to 32% with a fresh investment. The funds will be used to finance the acquisition of US-based hospitality chain Motel 6 and Studio 6. Agarwal plans to buy an additional $60 million worth of shares from OYO at a 45% premium to his last purchase in August, further raising his stake.
View Source
Related News
Oyo value to hit ₹32,000 cr as CEO Ritesh invests ₹550 cr: Report
Inshorts
·
9m ago
Medial
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another ₹550 crore, reports said. Agarwal will buy over 12.9 crore shares at ₹42.60 apiece and the investment will value Oyo at ₹32,000 crore, reports added. This comes after Agarwal led Oyo's Series G funding round with a ₹830 crore investment.
View Source
IPO-bound OYO seeks to rename parent firm to craft premium identity
YourStory
·
3m ago
Medial
OYO's founder, Ritesh Agarwal, is seeking new name suggestions for its parent company, Oravel Stays, as OYO prepares for an IPO and aims to offer more premium segment services. The name selection could potentially be used for a new premium hotels app. Agarwal invited suggestions via social media, emphasizing a bold, global, tech-forward name. The initiative includes a prize and a chance to meet Agarwal. OYO plans a significant presentation for SoftBank regarding its IPO ambitions.
View Source
OYO races to IPO as debt deadline looms
YourStory
·
5m ago
Medial
Travel tech platform OYO is expediting its IPO plans due to a debt repayment deadline, while creditors demand founder Ritesh Agarwal to settle a $383 million loan. OYO had to pause IPO efforts due to the pandemic but is now reconsidering a $5 billion valuation listing. The company recorded Rs 5,541.6 crore in revenue and a net profit for FY24, with strategic moves including acquisitions and upgrades from credit agencies. Agarwal recently invested $95 million.
View Source
Ritesh Agarwal becomes the youngest shark on 'Shark Tank India 3'
Economic Times
·
1y ago
Medial
Ritesh Agarwal, the founder and CEO of OYO Rooms, has become the youngest shark on the panel of the Indian version of the TV show 'Shark Tank'. The show provides a platform for aspiring entrepreneurs to present their business ideas to experienced investors, who decide whether to invest in their company. The third season of the show, which features Ritesh Agarwal as a new addition to the panel, is set to stream soon on Sony LIV.
View Source
Oyo founder seeks new investment at $3.8B valuation
TechCrunch
·
9m 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
OYO Looking To Triple PAT To INR 700 Cr In FY25: Ritesh Agarwal
Inc42
·
1y ago
Medial
OYO founder and CEO, Ritesh Agarwal, announced during a town hall meeting that the company's profit after tax for Q1 FY25 reached INR 132 Cr. Agarwal highlighted the rapid growth of OYO in international markets, with the opening of a new property every three days. In the previous fiscal year, OYO reported a net loss of INR 1,286.51 Cr, but in FY24, it achieved a profit after tax of INR 229.57 Cr.
View Source
OYO Founder Ritesh Agarwal blessed with a baby boy, shares pic
Twitter
·
1y ago
Medial
OYO Rooms Founder Ritesh Agarwal and his wife Geetansha Sood have been blessed with their first child, a baby boy. Sharing a picture on X (formerly Twitter), Ritesh wrote, "The miracle of life is breathtaking, and our hearts are forever changed. Meet our precious little one - Aryan." Ritesh and Geetansha got married in March this year.
View Source
Oyo completes G6 Hospitality acquisition from Blackstone Real Estate for $525 million
Economic Times
·
8m 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
OYO to Rename Its 'Corporate Brand' Ahead of IPO
OutlookIndia
·
3m 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
Ritesh Agarwal On Taking OYO To Profits, The Shark Tank Spotlight & More
Inc42
·
10m ago
Medial
Ritesh Agarwal, founder and CEO of OYO, has been busy with various initiatives recently. OYO has turned towards profitability, made new acquisitions, and ventured into B2B services. Agarwal also became a judge on Shark Tank India Season 3, showcasing his investment mindset. He discusses OYO's financial health, the contributions of key employees, and shares his experience on the TV show.
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
