The investment was facilitated through a special resolution passed by Oyo’s board to issue 12,91,07,982 equity shares at an issue price of Rs 42.6 each. Regulatory filings accessed from the Registrar of Companies reveal that this move has increased Oyo’s valuation to $3.79 billion, reflecting a remarkable 59.2% growth compared to its previous valuation of $2.38 billion during the Series G round.
This capital infusion is earmarked to drive several critical initiatives. Oyo plans to strengthen its global presence by expanding into international markets and exploring acquisition opportunit
Leave a Reply