OYO Secures ₹550 Crore Investment from Founder Ritesh Agarwal's Redsprig Innovation

Hospitality giant OYO has secured ₹550 crore ($65 million) from founder Ritesh Agarwal's Redsprig Innovation, raising its valuation to $3.79 billion. The funds will support global expansion, strategic growth, and corporate objectives. With profitability in FY24 and disciplined cost management, OYO is strengthening its position ahead of a potential IPO.