OYO has raised a Series G round. This round for $174 million, though, has come at a valuation of $2.4 billion—over 70% lower than the $9 billion valuation at which it last raised funds in 2021.
The valuation of the startup, which had to withdraw its DRHP a second time this year
It seems like OYO reached G-Spot but failed to orgasm again
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I guess the had the same tech valuations problem that WeWork and any non-tech businesses have had in the last couple of years.
In last 6-8 months there has been lot of layoffs and many startup getting scrutinised due to funding etc..
But I can’t see Oyo name anywhere… Not much layoffs or nothing on their crunch.
Are they doing good or successful?
from Malaysian sovereign wealth fund Khazanah. Does this indicate further delays to IPO?
