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Oyo value to hit ₹32,000 cr as CEO Ritesh invests ₹550 cr: Report
short by Debaroti Adhikary / on Monday, 18 November, 2024
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another ₹550 crore, reports said. Agarwal will buy over 12.9 crore shares at ₹42.60 apiece and the investment will value Oyo at ₹32,000 crore, reports added. This comes after Agarwal led Oyo's Series G funding round with a ₹830 crore investment.
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