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  3. OYO Secures ₹1,457 Crore Funding for Global Expansion

OYO Secures ₹1,457 Crore Funding for Global Expansion

11 Aug 2024

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Key Takeaways

OYO secured ₹1,457 crore in Series G funding, maintaining a $2.4 billion valuation, with strong investor and shareholder backing.

OYO secured ₹1,457 crore in Series G funding, maintaining a $2.4 billion valuation, with strong investor and shareholder backing.

oyo unlisted shares

Oravel Stays (OYO Rooms)

DRHP filed4.44%

Expert Analysis

OYO Raises ₹1,457 Crore for Global Growth.

Expert Analysis:

  • Funding Amount & Utilization: Oravel Stays Ltd (OYO) has successfully raised ₹1,457 crore from a group of investors in its latest Series G funding round. The funding will be used for global expansion and growth.

  • Investors: Key investors include InCred Wealth, J&A Partners, ASK Financial Holdings, and Patient Capital Investments Pte Ltd.

  • Valuation: The company’s valuation remains at $2.4 billion, as observed in the first tranche of Series G issued to InCred in July, with investment made through Compulsory Convertible Cumulative Preference Shares each priced at ₹29 per share.

  • Shareholder Approvals and Key Appointments: Shareholders approved increasing authorized share capital from ₹1,341 crore to ₹1,631 crore. Sumer Juneja Managing Partner and Head of EMEA & India at SoftBank Investment Advisors was appointed as a Non-Executive Director with 99.99% approval and will represent SoftBank Vision Fund.

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