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ritesh agarwal

India’s Oyo, once valued at $10B, finalizes new funding at $2.5B valuation

by Edgar Davis
India’s Oyo, once valued at B, finalizes new funding at .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, two people familiar with the …

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Up, down, and on the way up again? Ritesh Agarwal and Oyo’s ride on the IPO roller coaster

by Edgar Davis
Up, down, and on the way up again? Ritesh Agarwal and Oyo’s ride on the IPO roller coaster

Synopsis In the last three years, Oyo massively trimmed its workforce, maintained decent top-line growth, and improved profitability. It has reduced debt and courts private equity interest now. But there …

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