Nuvama Wealth and Funding Restricted has acquired shares value 100 crore in OYO’s dad or mum firm Oravel Stays Restricted at ₹53 apiece, on behalf of its traders, numerous household workplaces, in a secondary market deal, PTI reported.
Nuvama Wealth and Funding Restricted paid ₹53 per share for shares value ₹100 crore in Oravel Stays Restricted, the dad or mum enterprise of OYO, on behalf of its traders, numerous household workplaces. (REUTERS)
The journey tech unicorn’s shares, which had been offered for ₹53 every, are valued at USD 4.6 billion.
“These shares are being offered by OYO’s early investors, presenting an opportunity for partial exits while potentially introducing new strategic investors to the company’s cap table,” PTI reported citing sources
A capitalisation desk, usually generally known as a cap desk, is a table-like doc that lists the homeowners of a enterprise. Inventory, convertible notes, warrants, and fairness possession awards are among the many securities or shares listed.
In accordance with the PTI report, talks are additionally in a complicated stage with different attainable purchasers, corresponding to Incred, who’re wanting into buying stakes within the hospitality main at secondary market costs between ₹53 and ₹60 per share, which interprets to a attainable valuation of as much as USD 5.2 billion.
In accordance with the report, even when the valuation has been rising, it’s nonetheless far decrease than the USD 10 billion that OYO was valued at throughout its peak.
OYO recorded a revenue for the primary quarter of the fiscal 12 months 2025. At an worker city corridor, OYO’s founder and CEO Ritesh Agarwal disclosed the corporate’s preliminary web revenue determine.
After reporting a lack of round ₹108 crore in the identical interval of the earlier fiscal 12 months, OYO turned a revenue of about ₹132 crore within the first quarter of FY 2025.
The resort aggregator agency just lately revealed plans to pay $525 million in complete money for G6 Hospitality, the US operator of the long-lasting manufacturers Motel 6 and Studio 6. For $27 million, the enterprise additionally bought CheckMyGuest, a Paris-based startup.
Along with sustaining the secure outlook, Moody’s Scores improved the company household ranking (CFR) of OYO’s dad or mum firm, Oravel Stays Restricted, the journey tech platform, and the ranking on the senior secured time period mortgage issued by its wholly-owned subsidiary, OYO Singapore, from B3 to B2.