Funding Initiatives: OYO, has begun talks to raise $200 million in a primary funding round.
Valuation Target: The company is targeting a valuation between $4.5 billion and $5 billion, significantly higher than its last valuation of $2.4 billion.
Acquisition Plans: This funding aims to support the acquisition of G6 Hospitality, the owner of the Motel 6 budget hotel chain.
Investor Engagement: OYO is negotiating with offshore institutional investors and private Indian investors, including InCred Wealth, J&A Partners, the Mankind Pharma family office, and ASK Financial Holdings, which valued OYO at $2.4 billion.
Recent Fundraising: In August, OYO raised Rs 1,457 crore from a group of investors, and it had previously raised nearly Rs 1,040 crore in a Series G funding round, along with Rs 416.85 crore in the same series.
Profit Achievement: OYO achieved its first-ever profit after tax (PAT) of Rs 229 crore for FY24, a significant turnaround from the Rs 1,286 crore loss reported the previous year.
