Oyo's Big News: ₹417 Crore Raised from InCred Wealth & Investment! | Oyo Unlisted Shares
Have you heard the big news about Oyo? Oyo has raised $50 million, approximately 417 crore INR, from InCred Wealth and Investment. This funding, coming after three years, has drawn everyone's attention.
Oyo's board issued 14,37,41,379 shares through the Series G CCPS round at 29 INR each, raising 416.85 crore INR. Now, Oyo's valuation has reached $2.38 billion, approximately 19,756 crore INR, with InCred holding a 2.11% stake.
In 2021, Microsoft invested $5 million in Oyo when its valuation was $9.6 billion. The latest capital comes with a 70% haircut. Additionally, in FY24, Oyo posted its first annual net profit of 100 crore INR. Now, if you want to invest in Oyo's pre-IPO, call Planify and make your money fly.
About OYO (Oravel Stays)
Oravel Stays Ltd. (OYO) owns and operates an online hotel booking platform Oyorooms.com. It offers its services under the brand name Oyo Rooms with facilities such as air-conditioned rooms, spotless linen, breakfast, WiFi, a washroom, and cable television. It allows users to book a room at an affordable price through its mobile application.
OYO has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries including India, Malaysia, The UAE, Nepal, China, Brazil, Mexico, The UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, and the United States.
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