Ritesh Agarwal, Oyo’s founder and CEO, plans to acquire additional shares worth 550 crore rupees (US$65 million). In the most recent funding round, Agarwal invested US$100 million of the US$175 million total. Other investors included InCred Wealth and ASK Financial Holdings. This new ...
Ritesh Agarwal, Founder & CEO of OYO, added that the company will deploy the fresh capital to expand in international markets which have India-like supply-demand imbalance in real-estate and hospitality. The company is developing capabilities to add 10,000 rooms to its network each month, ...
In atown hallwith creditors in November last year, WazirX CEO Nischal Shetty went into greater detail about the scheme. The company planned to resolve 52% of total creditor claims through its current liquid assets and distribute the remaining 48% over the course of time, from future profits an...
the Indian hospitality startup’s CEO Ritesh Agarwal told Reuters on Tuesday. OYO, which is backed by Japan’s SoftBank, has cut thousands of jobs this year, including in China, as the company focuses on