Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Jun 11, 2019 06:45 PM IST | Source: Moneycontrol.com

Reporter's Take | Oyo in talks to raise another round at valuation of $12.5 bn

With this deal, Oyo could become one of the most valued internet companies in the startup ecosystem in India, surpassing Paytm.

Moneycontrol News @moneycontrolcom

SoftBank-funded hospitality firm Oyo is in talks to raise over $1 billion, which would potentially take its valuation to $12.5 billion.

With this deal, Oyo could become one of the most valued internet companies in the startup ecosystem in India, surpassing Paytm.

While talks are on with several new investors, SoftBank seems keen on increasing its stake in the company. It currently holds 45 percent stake in Oyo.

Close

In this episode of Reporter's Take, Moneycontrol's Priyanka Sahay dicusses discuss Oyo's possible move with Viju Cherian and what it means for the startup ecosystem in India.

Watch the video for more.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Jun 11, 2019 06:45 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant