[YS Exclusive] OYO IPO worth $1-1.2B likely to launch at end of 2021

The sources confirmed that OYO Founder Ritesh Agarwal will not offload any stake in the upcoming IPO and that he holds more than 33 percent of OYO's total shareholding.
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At its maiden initial public offering (IPO), Gurugram-based hospitality unicorn Oyo will be issuing 75-80 percent primary shares and 20-25 percent secondary shares, as no major investors will be diluting their stakes, sources closer to the development told YourStory.

The sources also revealed the IPO is expected to launch at the end of this year, or in January 2022, and it will be worth $1.0-1.2 billion, at a valuation of $12 billion.

According to YourStory sources, the company's draft red herring prospectus (DRHP) is likely to be filed in a week or so.

The sources confirmed that OYO Founder Ritesh Agarwal will not offload any stake in the upcoming IPO and that he holds more than 33 percent of OYO's total shareholding.

OYO's investors include SoftBank, Sequoia, Lightspeed Venture Partners, Hero Corporate, Microsoft, Grab, and Airbnb — to name a few.

Recently, OYO approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore. The authorised capital is the maximum amount of capital that a company is allowed to issue at any given point in time. Read more.


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Ravish Agarwal, Siddharth Srivastava, and Swatantra Kumar were looking at the jobs market when they thought of starting up. The trio realised that students needed help in finding the right jobs and being skill-ready. 

In 2019, this problem led them to start Able Jobs, an app to skill young graduates to get their first jobs. The app offers a comprehensive set of highly curated skilling programmes for top companies in areas like sales, customer service, etc. Read more


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This biotech startup is reducing the risk of airborne infections

Airborne diseases, including influenza, whooping cough, tuberculosis, and now, COVID-19, are a growing concern across the world. Amidst the COVID-19 outbreak, people realised the importance of keeping safe. Decontamination, sanitisation, and cleanliness became a priority for many.  

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Illustration: YS Design


News & Updates


Before you go, stay inspired with… 

“Start small, nail it, and then make it big.”

Ritesh Agarwal, Founder and Group CEO, OYO


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