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 are more knots to undo. A tortuous IPO process is just one.
The buzz around fresh funding for Oyo became louder last week after a report that claimed Malaysian sovereign fund Khazanah Nasional was talking to the hotel-tech platform to lead a USD400 million round. Khazanah is the latest among a slew of large private equity (PE) investors that are said to have held discussions with Oyo for a funding round in the past four months. While the fundraise might still take a few more months, the newfound interest
BY
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