Thursday, 5 March, 2026
Founder Ritesh Agarwal unlikely to sell any stake in Oyo IPO
By Basit Ansari
<p>Oyo Hotels & Homes has plans to list itself aiming for a valuation of $12-15B, but founder Ritesh Agarwal is unlikely to sell any of his 30% stake in Oyo's parent company Oravel Stays. The startup was valued at $9.6B after a "strategic investment" by Microsoft last month and is aiming to raise over $1B by issuing fresh stock in the IPO. Oyo, which has had to cut its employee base, could file for the IPO as soon as next week.</p>
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