Oyo's Valuation Rises to $3.8bn with Founder's Funding

CosmicTaco · 2024-11-19T15:53:39.317545+05:30

* Ritesh Agarwal, Oyo's founder, is leading a fresh funding round of $65 million, raising the company's valuation to $3.8 billion. * This comes after Oyo reported a net profit of $18.7 million in Q2 FY25, and announced the acquisition of US-based Motel 6 for $525 million. * The company is expected to refile its IPO after refinancing its existing $450 million loan. Source: [The Arc](https://thearcweb.com/article/oyo-to-get-fresh-funds-from-founder-ritesh-agarwal-at-38-bn-valuation-8CnHgwNsnut1B2fN)

Ritesh Agarwal, Oyo's founder, is leading a fresh funding round of $65 million, raising the company's valuation to $3.8 billion.
This comes after Oyo reported a net profit of $18.7 million in Q2 FY25, and announced the acquisition of US-based Motel 6 for $525 million.
The company is expected to refile its IPO after refinancing its existing $450 million loan.

Source: The Arc