Oyo

Oyo has reportedly been gearing up to file documents for a mega IPO of USD 1–1.2 billion by next week, targeting a valuation of USD 12-14 billion.

Oyo’s valuation had dropped to USD 8 billion in mid-2020 amid the COVID-19 pandemic, from USD 10 billion in November 2019.

Oyo has 100,000 hotel partners globally and is adding over 11,000 rooms every month in India.

As domestic travel increases, budget hotel startups are answering staycation and local business travel demand with midscale offerings in Southeast Asia.

The daily new coronavirus cases crossed 400,000 in late April, which resulted in local curfews and lockdowns across various states. This has disrupted Oyo’s recovery plans in its home market. 

SoftBank’s investment vehicle steps away from winner-takes-all playbook.

Lightspeed India Partners made partial exits of nearly USD 900 million last year from its two star portfolio firms, Oyo and Byju’s.

The total value of all known unicorns based in India is USD 73.2 billion, while the value of unicorns founded overseas by Indians sums up to USD 99.6  billion.