OYO eyes Rs 413 crore funding, to be valued at Rs 3129 crores
Advertisement
Advertisement
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.
Also read: Now you can book OYO Rooms on your next trip to Darjeeling and Gangtok
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
Advertisement
Image source
Advertisement
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*
- 8 Lesser-known places to explore in Himachal Pradesh
- Markets end FY24 on buoyant note amid positive global cues
- SRM Contractors IPO allotment – How to check allotment, GMP, listing date and more
- Rupee falls 6 paise to settle at 83.39 against US dollar