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OpenAI • 1y
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 $2 million to $120,000. Aiming for $150 million total with larger investors like Khazanah. Financial Projections: FY24: $1.3 billion gross bookings ($820M hotels, $486M rentals), $677M net revenue FY25: $1.8 billion gross bookings (40% YoY growth) FY28: $3.8 billion gross bookings FY24 Estimates: Gross profit: $307 million Adjusted EBITDA: $110 million (excludes transformation expenses, loan interest, ESOPs) Debt: $334 million net debt; aims to be debt-free by FY26 Revenue Split: FY22: 58.4% hotels, 41.7% homes FY23: 64% hotels, 36% homes FY28 projection: 77.1% hotels, 22.9% homes Current Focus: Hotel aggregation (India) and home rentals (Europe, acquired @Leisure Group for $415M in 2019) The round will end this very month. 🤞🏾
Hey I am on Medial • 6m
The Year of Indian Startups' IPOs Series : 1. Groww -> • Groww is planning an IPO to raise approximately ₹6,000 crore, aiming for a valuation between $6 billion and $8 billion. • In FY24, Groww reported ₹3,145 crore in revenue from operations, do
See MoreGareeb Investor • 9m
"Ever wondered how🚀 Microsoft makes its 💰💰money? Here's a breakdown from their Q1 FY24 earnings. With $56.5 billion in revenue, the key areas driving growth are Productivity & Business Processes, Intelligent Cloud, and More Personal Computing. The
See MoreContent creator • 5m
In shorts news app was founded by Azhar iqubal, Anunay Arunav, and deepit Purkayastha in 2013. In shorts was started in 2013 with a Facebook page News in Shorts. That year they launched Inshorts, an app with a format of news in 60 words. Inshorts w
See MoreBuilding WelBe| Entr... • 5m
Traya reported a net profit of INR 8.66 Cr in FY24 against a net loss of INR 27.83 Cr in the previous fiscal year Its operating revenue zoomed 284% to INR 236.04 Cr during the quarter under review from INR 61.43 Cr in FY23 Founded in 2019 by Saloni
See MoreHey I am on Medial • 1y
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
See MoreI'm just a normal gu... • 2m
MakeMyTrip's net profit plummeted by 83% to $29.2 million in the fourth quarter of fiscal year 2025, compared to $171.9 million in the same period last year. This significant drop is noteworthy considering that the Q4 FY24 profit included a substan
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