Herein is a cautionary approach to Retail Investors who might be excited to buy Oyo’s IPO; if you might be one of them, read before you invest!
Oyo Hotels has learnt to stay in the limelight and garner headlines, whether it is via the IPO way or with the grand plans, it has on its shelves and just waiting to execute the same.
However, for OYO, the opportunity just doesn’t add up; either it is the market downturn that affects its plans, or it is the decision of the management to adopt a more cautionary approach waiting for the right moment to strike.
Those who might not be familiar with the ‘growth’ story of Oyo, let us refresh a bit –
- OYO Rooms, or OYO Hotels & Homes, is an Indian multinational hospitality chain that has leased and franchised hotels, homes and living spaces.
- Ritesh Agarwal founded it in 2012, and in its earlier days primarily started as Budget Hotels.
- OYO has an impressive lineup of investors and is funded by 28 investors. The latest to join the bandwagon is Microsoft and Qatar Insurance Company.
- In the latest round of funding, OYO has raised a total of $4B in funding over 19 rounds. Their latest funding was raised on Jan 13, 2022, from a Secondary Market round.
- OYO has acquired eight organizations. Their most recent acquisition was Direct Booker on May 9, 2022
- OYO financed in OYO LIFE on Oct 30, 2018. This investment – Funding Round – OYO LIFE – was valued at $3B.
Huge & Regular Fundings and Yet Losses?
