OYO has raised a Series G round. This round for $174 million, though, has come at a valuation of $2.4 billion—over 70% lower than the $9 billion valuation at which it last raised funds in 2021.
The valuation of the startup, which had to withdraw its DRHP a second time this year
It seems like OYO reached G-Spot but failed to orgasm again
Be the first to comment.
I guess the had the same tech valuations problem that WeWork and any non-tech businesses have had in the last couple of years.
In last 6-8 months there has been lot of layoffs and many startup getting scrutinised due to funding etc..
But I can’t see Oyo name anywhere… Not much layoffs or nothing on their crunch.
Are they doing good or successful?
Or is he just managing his image prior to Oyo IPO?
