Oyo Valuation Crashes Over 75% in New Funding
By Manish Singh
The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round, multiple sources told TechCrunch.
The Gurugram-headquartered startup, which operates a chain of budget hotels, has raised $173.5 million in a Series G funding. Patient Capital, run by Oyo founder and chief executive Ritesh Agarwal; InCred Wealth, which pools capital from high-net-worth individuals; and J&A Partners delivered most of the capital in the new round.
Photo courtesy of Jon Russell.
Source: TechCrunch (link opens in a new window)
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