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Oyo Valuation Plummets Over 75% in New Funding Round

- 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/)

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News Discussion on

by HeavyFuture

Gojek

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

I guess the had the same tech valuations problem that WeWork and any non-tech businesses have had in the last couple of years.

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Indian Startups on

by followthemoney

Stealth

OYO raising $400 mil

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

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Indian Startups on

by JoblessAss

Jobless

How is OYO doing ?

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?

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Indian Startups on

by AlphaGrindset

Series A Startup

Ritesh Agarwal seems a bit fake on Shark Tank. Feel like he acts too nice and simple minded. People who worked at Oyo, is this portrayal accurate?

Or is he just managing his image prior to Oyo IPO?

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Office Gossip on

by LimpShrine

Dunzo

Massive layoff at oyo

Heard from a friend that about 40 to 50% workforce to be fired. Saw some post on Linkedin from product and tech folks working at oyo with open to work tag. Irony is Airbnb had the best quarter ever.

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Personal Finance on

by Grapevineunofficial

Startup

OyO ipo worth it?

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

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Indian Startups on

by Careermode

LivSpace

If PE firms are going to invest in Oyo, valuation must be about to drop even further

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?

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Indian Startups on

by SeriousProcastinator

Spinny

Vanguard slashes ola valuation to 1.88 B

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