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Oyo still feels overpriced

Software Developer

Oyo still feels overpriced- Grapevine

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- 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/)

Oyo Valuation Plummets Over 75% in New Funding Round

Journalist

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

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

Operations Manager

Oyo’s latest round

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

OYO raising $400 mil

Content Strategist

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

OyO ipo worth it?

Growth Manager

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?

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

Analyst

Nice ad

https://x.com/riteshagar/status/1799679647908794545

Oyo using bad publicity to their advantage

Consultant

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?

How is OYO doing ?

Welcome to Office Gossip's Private Community

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.

Massive layoff at oyo

Product Owner

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

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?

Corporate Strategist

1. Fancy talks from founders such as ownership, independence, building for next generation, speed etc
2. Learn new tech
3. Glofiying working at odd hours
4. Don't talk about stress and anxiety 

Start ups are not for weak heart and normal humans who have life after work. It's only for people who will give up their life to build somone else dream. Prove me wrong.

An ex ola person cried infront of me for the workplace stress and unrealistic push

Startup are brutal

Lawyer

Got an interview scheduled for a Sr. Leadership role. They have a bad reviews on Glassdoor, but their growth story & product looks promising. 
Any advice from this community?

How's pepper content for Sr. Leadership roles?

Channel Sales

Quite insightful

Software Engineer

- OYO's parent company, Oravel Stays, is set to acquire G6 Hospitality, the owner of Motel 6 and Studio 6 brands, for $525 million in cash.
- This acquisition marks a significant milestone for OYO, which has been expanding its footprint in the US since 2019.
- Blackstone Inc., the current owner, has invested heavily in transforming Motel 6 into a leading asset-light lodging company.
- The deal is expected to close in Q4 2024, pending customary closing conditions.
- OYO plans to leverage its technology and marketing expertise to further strengthen the Motel 6 and Studio 6 brands. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/companies/oyo-to-buy-iconic-motel-6-brand-for-525-million-in-us-expansion-bid-12826688.html)

Oyo still feels overpriced

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