Oyo Hotels and Delhivery forced to postpone their IPO, decided to see the condition of Paytm and Zomato
Delhi's Oyo Hotels extremely: The enthusiasm for IPOs of technology businesses in India appears to be waning, owing to the precipitous drop in the stocks of many high-profile startups in the nation. Several well-known tech companies, like OYO Hotels and Delhi Logistics, have been forced to postpone their IPO preparations and are revising their target valuations. This information was provided by The Economic Times, which cited persons familiar with the situation. The IPO of both firms with SoftBank Group Corp as a backer has been anticipated in the market for quite some time.