Founder Ritesh Agarwal invests Rs 830 Cr in OYO's latest funding round

Quick Summary:

Post the equity dilution in the Series G funding, Agarwal's holdings will increase from 29.97% earlier to 32.57%.

The capital will be used to support OYO's growth and its global expansion plans, sources said.

The investment is backed by Singapore-based family offices".

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Privacy Policy Series Agarwal Latest Crore Equity Ritesh Dilution Sources Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 09:38:57 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 13 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22030254

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