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Oyo shelves IPO; private funding may cut value by 74%: SoftBank-backed hospitality company Oravel Stays, the parent company of Oyo Hotels and Homes, has withdrawn the draft prospectus filed with the Sebi for its initial public offering (IPO).

Let's decode one pattern : • Companies were backed by Softbank such as OYO, OLA Electric and FirstCry are continuously filing for IPO but some IPO's approved or some failed for IPO. • Startups backed by Softbank such as OLA Electric and OYO are ra

Business Incidents Oyo started by aggregating budget hotels on their platform, similar to Airbnb. They listed properties but didn't control the experience (think: just a listing site). Their pivot transformed them into a franchisor. Now, they partner

OYO Spent $525 Million to acquire a Hotel Chain called G6 Hospitality. G6 has an network of over 1500 hotels in US and Canada and generates an revenue of about $1.7 Billion. What do you think about this move?

Oyo, the hospitality startup, is pursuing a pre-IPO round at a $2.3 billion valuation, 80% below its 2019 peak of $10 billion. Fundraising: Targeting $80-90 million from HNIs, family offices, and smaller investors. Minimum investment reduced from $

OYO is Now Profitable. In the latest Quarter, OYO reported a profit of 30 Crore Rs. And this is impressive with considering the fact that during Covid, it losses had hit almost 12,000 crore. But how did they did this? 1) firstly they closed more th

Nowadays, Various Startups like OYO, Zomato and now Urban Company is profitable 📈💭. • It seems to be great trend for Indian Startups to get funding from Big VC's Such as SoftBank, Sequoia Capital,Tiger Global and Accel. • It's good sign for earl

𝗕𝗲𝘄𝗮𝗿𝗲: 𝗧𝗵𝗲 𝗛𝗶𝗱𝗱𝗲𝗻 𝗦𝗰𝗮𝗺 𝗕𝗲𝗵𝗶𝗻𝗱 𝗢𝗬𝗢 𝗥𝗼𝗼𝗺𝘀 𝗕𝗼𝗼𝗸𝗶𝗻𝗴𝘀 OYO Rooms is involved in a scam at high-demand tourist places. They overbook hotels and a lots of rooms on a first-come, first-serve basis. When rooms run out

Oyo’s Strategic Moves: IPO Acceleration ‼️ Oyo is a global travel-tech company that provides affordable rooms through its network of budget hotels, homes, etc Recently, senior executives and lead bankers met with SEBI to discuss business performan

A Brief Timeline: Ritesh Agarwal Picture Ritesh Agarwal, born in 1993 in Odisha, India. At just 13, he's already hustling, selling SIM cards and making his first entrepreneurial strides. By 16, he's earned enough to buy his first computer for ₹50,00