Hospitality startup OYO has posted its first-ever full-year net profit in FY24, CEO Ritesh Agarwal announced. OYO recorded net profit of ₹100 crore in FY24 after recording eight consecutive quarters of positive EBITDA and a cash balance of about ₹1,000 crore, Agarwal said. The startup is reportedly planning to raise $80-$90 million from family offices at valuation of $3-$4 billion.