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  3. Oyo founder seeks new investment at $3.8B valuation

Oyo founder seeks new investment at $3.8B valuation

18 Nov 2024

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Key Takeaways

Oyo’s $3.8 billion valuation shows growth but remains well below its 2019 peak, with IPO plans imminent.


Oyo’s $3.8 billion valuation shows growth but remains well below its 2019 peak, with IPO plans imminent.


oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

Oyo Founder Seeks $65.1M Investment at $3.8B Valuation.

Expert Analysis:

  • Proposed Investment: An investment vehicle backed by Oyo’s founder, Ritesh Agarwal, proposes injecting $65.1 million into the hospitality startup.

  • Valuation and Investment Details: The investment through Redsprig Innovation Partners would value Oyo at $3.8 billion.

  • Premium Over Recent Valuation: The investment represents a 38% premium to Oyo’s $2.3 billion valuation in June.

  • Comparison with 2019 Valuation: The implied price remains significantly below Oyo’s $10 billion peak in 2019. Oyo has raised over $3.4 billion in equity and debt since inception, according to Tracxn.

  • Previous Investment by Redsprig: Redsprig invested about $100 million in Oyo’s June funding round, where Oyo raised $175 million.

  • Uncertainty Over Loan and Backers: It remains unclear who else is backing Redsprig and whether Agarwal has settled the $2 billion loan taken in 2019 to repurchase Oyo shares from Peak XV and Lightspeed India.

  • Upcoming IPO Filing: Oyo is preparing to file for its third initial public offering within two months, according to a source familiar with the matter.

Publisher:Tech Crunch