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OYO raises ₹416.85 crore from InCred at 76% valuation cut: Report
short by / on Thursday, 4 July, 2024
Shark Tank India judge Ritesh Agarwal-led hospitality unicorn OYO has reportedly raised around ₹416.85 crore (or nearly $50 million) from InCred Wealth and Investment. According to media reports, the investment valued OYO at ₹19,756 crore (around $2.38 billion), marking a significant 76% decrease from its peak valuation of $10 billion.
read more at Indian Startup News