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ipo

The image features Ritesh Agarwal, the founder of OYO, standing on a stage and speaking passionately with his right hand raised and holding a marker. The backdrop includes a large, stylized OYO logo in red with a flowing yellow and orange design, set against a light green background. Ritesh is dressed in a dark suit with a light blue shirt, looking engaged and dynamic as he addresses his audience.

India's Oyo, valued at $10B, Finalizes New Funding at $2.5B valuation

By
Anurag Trivedi

Oyo, the Indian hotel chain startup, is nearing a deal to raise between $100 million and $125 million, slashing its valuation to $2.5 billion from a previous $10 billion in 2019, according to TechCrunch. The company has faced challenges raising from institutional investors and has recently targeted high-net-worth individuals, emphasizing its profitability and significant valuation discount. Amidst these fundraising efforts, Oyo has retracted its plans for an IPO, previously aiming for a $1.2 billion raise at a $12 billion valuation in 2021. The company, with backers including SoftBank and Airbnb, has withdrawn its IPO application twice in four years, indicating a strategic pivot away from rapid global expansion to stabilizing its core operations.

This image shows a promotional banner for Ola Electric's Initial Public Offering (IPO). It features three riders, each on a different colored electric scooter (purple, blue, and red), moving across a stylized, colorful landscape. The background blends abstract shapes in green, orange, and blue, suggesting mountains and trees, creating a dynamic and eco-friendly theme. To the right, there's a prominent "IPO" sign in green with the Ola Electric logo above it, emphasizing the event. The overall design is modern and appealing, geared towards attracting investors and environmentally conscious consumers.

Ola Electric Secures SEBI Nod for ₹7,250 Cr IPO

By
Anurag Trivedi

Ola Electric has received SEBI's go-ahead for an IPO to raise ₹7,250 crore, enhancing its stance in the electric vehicle (EV) landscape. This IPO will consist of a new issuance worth ₹5,500 crore and an offer for sale amounting to ₹1,750 crore. The company is at the forefront of the EV market in India, particularly in the two-wheeler sector. The capital from this IPO is planned for extensive capital expenditures and for reducing debt, thereby boosting Ola's innovation efforts in EV technology. Furthermore, Ola intends to deepen its research and development to drive further advancements in electric mobility. This move is seen as a strategic effort to solidify Ola's presence in a fast-evolving industry.