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Oyo ready to book itself in for an IPO this year, Microsoft also set to check in

Oyo hires investment bankers, likely to file for DRHP this year as per reports. 

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      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.

      Also Watch: Chemplast Sanmar IPO: Analysts recommed 'buy'; all details here

      Ritesh Agarwal-founded firm has SoftBank, Sequoia Capital, Lightspeed India, Airbnb, Didi, Grab as it’s investors.

      BolllywoodAjay DevganBMCSalman KhanCorona

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