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OYO's valuation at $4.6 bn after Nuvama buys ₹100 cr stake: Report
Inshorts
·
7m ago
Medial
OYO's valuation has reached $4.6 billion after Nuvama Wealth and Investment Ltd purchased its shares worth ₹100 crore, ET reported. Nuvama reportedly bought shares at ₹53 per share in a secondary transaction involving InCred Wealth and H World Group Ltd. The IPO-bound firm announced last month that CEO Ritesh Agarwal will buy shares worth ₹550 crore.
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Nuvama Wealth acquires shares worth Rs 100 Cr in OYO via secondary market: Report
YourStory
·
7m ago
Medial
Nuvama Wealth and Investment Limited has acquired shares worth Rs 100 crore in OYO's parent firm Oravel Stays through a secondary market transaction. The share sale at Rs 53 apiece values OYO at $4.6 billion. Discussions with potential buyers for stake purchases at prices ranging between Rs 53-60 per share are at an advanced stage, potentially valuing OYO at up to $5.2 billion. OYO reported a net profit of around Rs 132 crore in Q1 FY 2025, a turnaround from the previous fiscal year's loss. Moody's Ratings has upgraded Oravel Stays' corporate family rating to B2 from B3.
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Ritesh Agarwal’s Oyo snags $50 mn at $2.3-bn valuation | The Arc
The Arc Web
·
1y ago
Medial
Hospitality startup Oyo has raised $50 million from InCred Wealth Management, selling a 2.11% stake and valuing the company at $2.37 billion, significantly below its 2019 valuation of $10 billion. This fundraising is part of an ongoing effort aiming to secure $150 million, with institutional investors expected to contribute half. Nearly all shareholders approved the capital increase at a recent extraordinary general meeting. Funds will support Oyo's global expansion plans, including acquisitions.
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Oyo value to hit ₹32,000 cr as CEO Ritesh invests ₹550 cr: Report
Inshorts
·
8m 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.
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Walmart buys out $1.4 billion stake in Flipkart from Tiger Global
Reuters
·
2y ago
Medial
Walmart has acquired Tiger Global's stake in Flipkart for $1.4 billion, leading to a valuation of $35 billion for the Indian e-commerce company. Previously valued at nearly $38 billion in 2021, Flipkart's valuation was adjusted internally after its separation from PhonePe. In 2018, Walmart had purchased a 77% stake in Flipkart for $16 billion.
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Oyo raises $65 Mn from Ritesh Agarwal’s Redsprig Innovation
Entrackr
·
7m ago
Medial
Oyo raises $65 Mn from Ritesh Agarwal’s Redsprig Innovation Hospitality major Oyo has raised Rs 550 crore (approximately $65 million) from Redsprig Innovation Partners, an affiliate entity of the company’s founder Ritesh Agarwal. The board at Oyo has passed a special resolution to issue 12,91,07,982 equity shares at an issue price of Rs 42.6 each to raise Rs 550 crore or $65 million, its regulatory filing accessed from the Registrar of Companies shows. After the recent funding injection, the company's valuation rose to $3.79 billion, reflecting a 59.2% increase from Oyo's previous Series G round, when the firm was valued at $2.38 billion. As per the filings, the company plans to use these funds for growth, supporting global expansion (including acquisitions), strengthening business strategies, and other corporate initiatives. The funding will also result in a 1.728% dilution of the company's total stake. This is the second major capital infusion by Agarwal in Oyo. In August 2024, he led a $175 million round through his Singapore-based fund, Patient Capital. Last month, a CNBC TV18 report suggested that Nuvama Wealth & Investment Limited (formerly Edelweiss Securities) purchased shares worth Rs 100 crore in Oyo’s parent Oravel Stays Limited. During FY24, IPO-bound Oyo posted a flat scale which stood at Rs 5,389 crore, as compared to Rs 5,464 crore in FY23. Despite the stagnant revenue, the company managed to control its expenditure by 16% which resulted in Oyo posting a net profit after tax (PAT) of Rs 230 crore in the last fiscal (FY24). In May, the Gurugram-based company withdrew its draft papers (DRHP) for the second time due to unfavorable conditions. The firm also said that it will refile the IPO papers after concluding a large funding round, which is about to close after the latest fundraises.
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Capital Group buys 6.24% stake in PB Fintech for ₹2,770 cr: Report
Internet
·
1y ago
Medial
Capital Group purchased an additional 6.24% stake in Policybazaar's parent company PB Fintech for an estimated ₹2,770 crore, Moneycontrol reported. The US-based financial services company reportedly raised its stake over the last three months through its two funds. Capital Group now holds a 7.91% stake in the fintech company, the report said.
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TIMF Holdings Buys 12 Lakh Shares Of Nazara In INR 105 Cr Bulk Deal
Inc42
·
1y ago
Medial
TIMF Holdings, owned by US-based Think Investments, acquired shares from Gyaana Retreat and Services, Fashion Brands, and Parijata Trading at INR 872 apiece. NODWIN Gaming's decision to increase their stake in Freaks 4U Gaming to 100% resulted in a 7% jump in shares of Nazara on June 28.
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Square Yards to raise Rs 2,000 Cr via IPO at $1.5-$2 Bn valuation
Entrackr
·
1m ago
Medial
Square Yards to raise Rs 2,000 Cr via IPO at $1.5-$2 Bn valuation Proptech platform Square Yards is eyeing to raise Rs 2,000 crore through an initial public offering (IPO) at a valuation of $1.5–2 billion, sources aware of the development told Entrackr. The Gurugram-based company is in the process of appointing investment bankers and is likely to file its Draft Red Herring Prospectus (DRHP) within the current financial year. “The planned Rs 2,000 crore Initial public offering (IPO) will be split equally between primary and secondary components, said a source. “A significant portion of the funds raised will be used to provide an exit opportunity for early investors and to reduce the company’s debt.” Founded in 2013, Square Yards is a proptech platform that provides end-to-end real estate services, including property discovery, buying and selling, mortgage assistance, home furnishing, rentals, and property management. Square Yards operates in more than 100 cities across nine countries and has 150,000 agent partners. Square Yards has raised a total of $200 million of funding to date, having Reliance Group as its lead investor, which has an 8% stake in the company. According to another source, the founders of the company are expected to hold more than 50% stake after the IPO. Square Yards is targeting Rs 2,000 crore of revenue and Rs 200 crore EBITDA (Earnings before interest, tax and depreciation) by the end of the current fiscal year (FY26). During the previous fiscal year, Square Yards reported 40.9% year-on-year growth in its operating revenue to Rs 1410 crore, while its gross profits soared by 51.9% to Rs 316 crore in FY25, compared to Rs 208 crore in FY24.
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Good Glamm Buys Remaining Stake In Sirona For INR 450 Cr
Inc42
·
10m ago
Medial
- Good Glamm Group acquires remaining 49.42% stake in Sirona for INR 450 Cr - Cofounders of Sirona, Deep and Mohit Bajaj, exit the company with an all-cash deal - Good Glamm Group previously acquired a 41.15% stake in Sirona for INR 100 Cr in 2021 - Sirona is a femtech startup founded in 2015 - Sirona specializes in selling female hygiene products including herbal pain relief patches, period stain remover, sanitary napkins, and menstrual cups
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UAE's Masdar buys Brookfield's Saeta Yield in $1.4 bn deal
VCCircle
·
10m ago
Medial
Masdar, the renewable energy company from the UAE, has agreed to acquire Spanish green energy firm Saeta Yield from Canada's Brookfield in a deal worth $1.4bn. The deal includes acquiring 745 MW of wind assets and 1.6 GW of projects in Spain and Portugal, making it one of the largest deals of its kind in the region. This follows Masdar's recent minority stake purchase in 48 solar plants controlled by Endesa in Spain. Masdar aims to grow its renewable energy capacity to 100 GW by 2030. The deal is expected to close by the end of the year.
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