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

Product Engineer

Seal

England,

Full Time

USD 40000 — USD 80000 yearly

Product Operations Lead

SnapMagic

California,

Full Time

USD 170000 — USD 190000 yearly

Senior Software Engineer

Method Financial

New York,

Full Time

USD 185000 — USD 225000 yearly

Staff Front End Web Engineer (React/Typescript)

Vori

California,

Full Time

USD 200000 — USD 235000 yearly

Design Engineer, iOS (React Native)

Slash

California,

Full Time

USD 175000 — USD 250000 yearly

AI Operations Specialist

Greenlite

California,

Full Time

USD 90000 — USD 105000 yearly

Senior Product Designer

Infracost

Full Time

USD 120 — USD 170 yearly

Strategic Alliances & Partnerships Manager

GroMo

Haryana,

Full Time

USD 1200000 — USD 2500000 yearly

Operations

Vitalize

California,

Full Time

USD 160000 — USD 220000 yearly

Accounts Payable & Billing Specialist

Storylane

Full Time

USD 1000000 — USD 1800000 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).