Oyo raising a round at $2.5-3Bn valuation, major discount from peak valuation

- Oyo's valuation has dropped from $10 billion to $2.4 billion in a recent Series G funding round. - The Gurugram-based budget hotel chain raised $173.5 million, with significant contributions from Patient Capital, InCred Wealth, and J&A Partners. - Oyo's current valuation is now below its total capital raised, which is approximately $3.3 billion. - SoftBank, a major backer, had internally cut Oyo's valuation to $2.7 billion in 2022, a move Oyo previously disputed. - The new funding comes after Oyo withdrew its IPO application for the second time earlier this year. - India’s market regulator, SEBI, has never approved the startup’s application for an IPO. Source: [Techcrunch](https://techcrunch.com/2024/08/11/oyo-valuation-crashes-over-75-in-new-funding/)

Given they'll value it like an offline business. It might screw the valuation, but this could be the right next step if it does not want to go the WeWork route?

from Malaysian sovereign wealth fund Khazanah. Does this indicate further delays to IPO? Source: https://www.bloomberg.com/news/articles/2024-01-25/khazanah-in-talks-to-lead-oyo-hotel-s-400-million-fund-raise

Pre ipo platforms are offering oyo for 75rs per share.is it worth it.

Which YC funded Indian startups have been successful over the years? Successful = Profitable / Growing Revenue YoY with necessary burn / Dominant Market share. The Indian startups accepted list seems to have increased to a handful every year, but don't see any of them creating the impact that one expects from businesses selected by a seed platform that prides itself on extreme scrutiny for all applicants. Where do you think is the gap? American understanding of Indian business models / consumers / market or somewhere else?

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?

Ola valuation is now reduced to 1.88 i.e. 74% down from its peak. What's going on with indian unicorns🙃 https://www.ndtvprofit.com/business/olas-valuation-cut-to-under-2-billion-by-vanguard