OYO eyes Rs 413 crore funding, to be valued at Rs 3129 crores
After this new round of funding, the post-money valuation of Ritesh Agarwal-led company will be at Rs 3129 crore or about $460 million, says the filing.
It was in August last year that OYO, started in 2013, had raised its previous round of funding of $100 million; the round was led by Softbank Corp, the telecom and internet major based in Japan. After that round, the company was valued at $400 million.
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It was also reported earlier that VentureNursery, the Mumbai-based start-up accelerator which was the first investor in OYO, had raised some issues while