15/10/2024, 11:12:03 am

Oyo parent in talks to raise $200 mn at a valuation of $4.5-5 bn: Report

Oyo's parent company, Oravel Stays, is in talks to raise $200 million in funding at a valuation of $4.5-5 billion to support its acquisition of G6 Hospitality, the owner of Motel 6. The company aims to close the funding round above its last valuation of $2.4 billion. Oyo recently reported its first-ever profit after tax of Rs 229 crore for FY24.