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 ...
(approximately $65 million) from Redsprig Innovation Partners, an affiliate entity of the company’s founder Ritesh Agarwal. The board at Oyo has passed a special resolution to issue 12,91,07,982 equity shares at an issue price of Rs 42.6 each to raise Rs 550 crore or $65 million, its...
He had previously stated that he was comfortable with Tesla and SpaceX owner Elon Musk buying TikTok, as well as Oracle Co-Founder Larry Ellison. A number of large American corporations and high net worth individuals, like Microsoft, Perplexity AI and Canadian investor Kevin O’Leary, had also...
but that would be the natural progression for the company. It already aggregates hotels fromMalaysiaandNepal, and post the Series D round of funding Ritesh Agarwal, founder & CEO of OYO, had said that the company will deploy fresh capital to expand in international...