What's the reason behind of OYO valuation crash? They were struggling to get approval from SEBI for IPO back in 2021, Finally got a approval but they withdrew their application and looking to raise from private investors at $2.3 Billion which was $9 Billion at the time of filling IPO. 75% decline in the valuation. FY23 losses- ₹1287 crore Debt - ₹1620 crore (approx)
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