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Oyo founder seeks new investment at $3.8B valuation
Oyo founder Ritesh Agarwal's investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder Oyo founder Ritesh Agarwal's fund is proposing to inject $65.1 million into the hotel management startup.
Oyo founder Ritesh Agarwal’s investment vehicle has proposed to inject another $65.1 million into the hotel management startup, according to shareholder notifications reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in the extraordinary general meeting notice. The hospitality group is preparing to submit regulatory filings — for the third time — for an initial public offering within two months, according to a person familiar with the matter.
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