Looking to check in to the IPO party on Dalal Street, Hospitality platform Oyo has reportedly hired investment bankers to kickstart the process for a proposed IPO this year.
Reports indicate SoftBank-backed Oyo may be looking to raise $1.2 billion dollars, though the size hasn’t been finalised yet. Oyo is already reportedly in talks with Microsoft for raising funds that would value the company at $9 billion.
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Ritesh Agarwal-founded firm has SoftBank, Sequoia Capital, Lightspeed India, Airbnb, Didi, Grab as it’s investors.