Oyo, the Indian budget-hotel chain startup, is finalizing a new funding round at a valuation of $2.5 billion, significantly lower than its peak valuation of $10 billion, marking an 80% decline. The company is raising approximately $100 million to $125 million and is targeting Rs 1,000 crore from family offices after withdrawing its IPO application last month. Oyo's pitch deck reveals plans to grow bookings by 40% to $1.8 billion in FY25, following a flat FY24. The company has been securing capital from high-net-worth individuals (HNIs) and family offices for its $150 million round through a Special Purpose Vehicle (SPV), with contributions starting from Rs 1 crore ($120,000). Prominent investors include former Reliance executive Anand Jain and the promoters of Mankind Pharma, the Juneja family. CEO Ritesh Agarwal is spearheading efforts to revive the startup after four years of degrowth following the pandemic.
ET follows up on @thearc_hq scoops on how Oyo is raising money from family offices 💰 Adds that former Reliance exec Anand Jain and Mankind Pharma's promoters Junejas are investing Detailed article on Oyo's pitch - https://t.co/9BhXjVBoxE https://t.co/RTOZEeLaPX
🚨💸 #Funding alert: Hospitality startup Oyo is in an advanced stage of talks to raise around Rs 1,000 crore after withdrawing its #IPO application last month. Let's look at the details: 🧵
#LeadStoryOnET | #Oyo eyes Rs 1k cr boost from family offices after IPO withdrawal https://t.co/T3gtkPMOw2 https://t.co/G2LtMoiD7M
India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation: https://t.co/1CA2pASbQr by TechCrunch #infosec #cybersecurity #technology #news
India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation https://t.co/ys73Yp6Q3O
India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation: Oyo, the Indian budget-hotel chain startup, is finalizing a fresh fundraise of about $100 million to $125 million that slashes its valuation to $2.5 billion,… https://t.co/lWTTB5QB1b #AI #AInews #AItips
🚨🚨 Oyo has been drumming up capital from HNIs and family offices for its $150 mn round 💰 Through an SPV, it is collecting cheques starting from Rs 1 crore ($120k) for the round. Its pitch says it will grow bookings by 40% to $1.8 bn in FY25. This comes after a flat FY24…
🚨🚨 Exclusive: Oyo's pitch deck teardown @thearc_hq Oyo is raising at a valuation of $2.3 bn, which is 80% below its peak level of $10 bn We break down Ritesh Agarwal's plan to revive the startup after 4 years of degrowth following the pandemic. https://t.co/6k4yitntor
pitch decks in 2023: we grew 500% YoY pitch decks in 2024: ~0.5 OOMs/year