OYO hotel chain has filed for IPO in India; plans to raise over $1 billion

Funds raised by the IPO will be used to pay off existing debt obligations and fund growth


Carl Adrian

1 Oct, 2021

OYO hotel chain has filed for IPO in India; plans to raise over $1 billion | BEAMSTART News

- From our Sponsors -

OYO, one of the highest valued hotel chain startup companies from India, has just filed a prospectus to go public.

Unlike many other startup companies that go public outside their home countries, OYO plans to go public on India's stock exchange.

Details of the IPO

  • OYO plans to raise approximately $1 billion via their initial public offering.
  • The company plans to raise most of its capital via the sale of secondary shares.
  • Founder Ritesh Agarwal and SoftBank's Vision Fund are OYO's two largest shareholders, both holding a combined stake of 79% of the company.

Why It Matters

  • OYO has been seeking to go public even before the global pandemic struck. With travel bans and country-wide lock-downs, OYO's business was affected significantly.
  • Prior to this, OYO raised $660 million in debt financing to weather the pandemic and to explore other streams of revenue.
  • Funds raised by the upcoming IPO will be used to pay off existing debt obligations and fund growth — which would include mergers and acquisitions.

- From our Sponsors -

Latest Jobs

Software Engineer (Full-Stack)

Paces

New York,

Full Time

USD 150000 — USD 200000 yearly

AI/ML Engineer

Artisan

California,

Full Time

USD 130000 — USD 230000 yearly

Associate, Implementations

Prelim

Full Time

USD 80000 — USD 110000 yearly

People & Business Operations Lead

Agave

California,

Full Time

USD 85000 — USD 125000 yearly

Business Intern

Pump.co

California,

Internship

Salary Undisclosed

Chief of Staff (GTM)

Arva AI

Full Time

USD 66000 — USD 85000 yearly

Founding Operations Lead

David AI

California,

Full Time

USD 120000 — USD 205000 yearly

Operations Coordinator

Dynamo AI

California,

Full Time

USD 60000 — USD 80000 yearly

Senior Counsel

Clipboard Health

Full Time

USD 225000 — USD 250000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).