Oyo IPO

Oyo shelves IPO plan for 2nd time, eyes private funding

by
Oyo shelves IPO plan for 2nd time, eyes private funding

MUMBAI: Oravel Stays, the parent company of Oyo Hotels, has withdrawn its draft IPO papers with the Sebi which it had filed in March 2023, sources told TOI. This was Oyo’s second attempt at going public. In a townhall with employees on Wednesday, founder Ritesh Agarwal is learnt to have said that the firm is … Read more

Oyo IPO: Oyo may back out of IPO plan, opt for private raise

by
Oyo IPO: Oyo may back out of IPO plan, opt for private raise

Oyo Hotels & Homes, which first filed a draft application for an initial public offer (IPO) of over $1 billion in October 2021, is finalising plans to withdraw the papers from the Securities and Exchange Board of India (Sebi), people aware of the development told ET. This effectively calls a halt to the hospitality startup’s … Read more