Monday, 16 December, 2024
OYO's Valuation Reaches $4.6 Billion Following Stake Acquisition
Hospitality giant OYO's valuation now stands at $4.6 billion after Nuvama Wealth acquired a ₹100 crore stake in the company. The investment aligns with OYO's recent financial turnaround, including achieving profitability and focusing on growth in India and overseas markets. The company's valuation reflects a strategic push despite earlier setbacks in public offerings and funding rounds. This milestone underscores OYO's resilience and market adaptability.
Read full story at Economic Times