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Oyo's valuation at $4.6 billion after Nuvama Wealth acquires Rs 100 crore stake
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Oyo's valuation at $4.6 billion after Nuvama Wealth acquires Rs 100 crore stake
16 December 2024
Oyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The company's profitability continues to improve, projecting a threefold increase in net profit for FY2025 after acquiring G6 Hospitality. Oyo reported its first-ever profit in FY2024 and saw increased revenue in Q2 FY2025.
Oyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The company's profitability continues to improve, projecting a threefold increase in net profit for FY2025 after acquiring G6 Hospitality. Oyo reported its first-ever profit in FY2024 and saw increased revenue in Q2 FY2025.
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