"YOU CAN SAVE A LITTE
AND TRAVEL A LOT"
-Ritesh Agarwal
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Ninetyfive group
StealthĀ ā¢Ā 7m
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MK
StealthĀ ā¢Ā 1m
OYO has raised INR 550 Cr (about $65 Mn) from its founder Ritesh Agarwalās Redsprig Innovation Partners.
Redsprig Innovation is a venture capital firm headed by Agarwal. In November last year, Inc42 reported that Agarwal was looking to increase his
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another ā¹550 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