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Interesting News From OYO 🤔🤯 • India’s Oyo, once valued at $10B, seeks new funding at 70% discount. • Oyo, an Indian startup, seeks new funding at a $3 billion valuation, down from $10 billion. • Negotiating with investors like Malaysia's Khazan

Not surprised to see OYO's valuation come back down to earth. A $10B valuation was always ambitious for a hotel franchising business, even one growing very quickly.