Topics
Latest
AI
Amazon
Image Credits:Akio Kon / Bloomberg / Getty Images
Apps
Biotech & Health
mood
Image Credits:Akio Kon / Bloomberg / Getty Images
Cloud Computing
Department of Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
back
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
surety
societal
distance
Startups
TikTok
Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
newssheet
Podcasts
TV
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
An investment vehicle plunk for by Oyo ’s founder , Ritesh Agarwal , has purport to inject another $ 65.1 million into the Indian cordial reception startup , harmonize to notification to shareholders that were reviewed by TechCrunch .
The investment , through Redsprig Innovation Partners , would value the SoftBank - back company at $ 3.8 billion , according to terms share in a notice to shareholders .
While this represents a 38 % exchange premium to Oyo’srecent $ 2.3 billion valuationin June , the imply price tag remains importantly below the startup ’s 2019 top of $ 10 billion . Oyo has raised more than $ 3.4 billion in fairness and debt since its origination , agree to Tracxn .
Redsprig invested about $ 100 million in the June financial support round , in which Oyo bring up $ 175 million .
It remains unclear who else is backing Redsprig and whether Agarwal has settled the $ 2 billion loanword he shoot in 2019 torepurchase Oyo shares from Peak XV and Lightspeed India .
The hospitality grouping is prepare to file — for the third prison term — for an initial public offering within two month , according to a somebody familiar with the affair .
