Oyo founder seeks new investment at $3.8B valuation

An investment vehicle backed by Oyo’s founder, Ritesh Agarwal, has proposed to inject another $65.1 million into the Indian hospitality startup, according to notices to shareholders that were reviewed by TechCrunch. The investment, through Redsprig Innovation Partners, would value the SoftBank-backed company at $3.8 billion, according to terms shared in a notice to shareholders. While […] © 2024 TechCrunch. All rights reserved. For personal use only.