Ritesh Agarwal Archives

OYO, the travel tech unicorn that reshaped budget hospitality in India and beyond, is gearing up for its long-awaited IPO. The company is reportedly preparing to file its Draft Red Herring Prospectus (DRHP) this November, with ambitions of securing a $7–8 billion valuation. This marks a pivotal moment for the Ritesh Agarwal-led firm, which has been flirting with public listing plans for years but often delayed due to market conditions and internal restructuring. Backed heavily by SoftBank, OYO has now received positive signals from investment banks including Goldman Sachs, Axis Capital, Citi, ICICI Securities, JM Financial, and Jefferies. The message is clear: markets may finally be ready to welcome OYO. The timing couldn’t be more favorable. The hospitality sector has rebounded with gusto, buoyed by an insatiable post-pandemic demand for travel. OYO has been quick to capture this resurgence, tightening its operations, improving cash flows, and reporting healthier earnings in Q1. Analysts suggest that these stronger fundamentals could be the confidence boost investors need to buy into the IPO story. But this filing won’t just be about the numbers. Earlier this year, Agarwal hinted at a possible rebrand for OYO’s parent entity, Oravel Stays Limited. He even crowdsourced ideas for a new name, signaling an appetite for a refreshed identity that could debut alongside the DRHP. At the same time, OYO is exploring a premium hotel-focused app to complement its budget segment stronghold, widening its reach in an increasingly competitive travel-tech landscape. Valuation targets are equally ambitious. A $7–8 billion IPO implies pricing around ₹70 per share, translating to roughly 25–30x EBITDA. For a company once written off as a hyper-growth story with sustainability issues, this marks a bold statement of intent. Years of cost-cutting, portfolio optimization, and a sharper focus on profitable markets appear to have brought OYO closer to a more stable, scalable model. Of course, challenges remain. The global IPO environment is still patchy, and investors will be cautious about startups promising scale without profits. Yet OYO has one key advantage: the hospitality revival isn’t slowing down anytime soon. From quick weekend getaways to business travel, the demand curve is firmly in its favor. If the DRHP goes through in November, it could trigger one of the most-watched listings in India’s startup ecosystem. The narrative is compelling: a young founder, a global presence spanning 80+ countries, and a company that has survived crises to position itself for a blockbuster listing. OYO to File DRHP in November, Targets $7–8 Billion IPO Valuation

Drashti Chheda
August 25, 2025
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OYO to File DRHP in November, Targets $7–8 Billion IPO Valuation

Oyo’s Identity Upgrade: A Luxe Makeover Before Hitting the Bourse

Oyo, the hospitality giant known for budget-friendly stays, is ready to change not just how the world books hotels but also how it sees the company itself. As part of its strategic pivot ahead of a planned IPO in the last quarter of the current fiscal year, the company is set to rename its parent […]

Oyo’s Third Time Charm: IPO Dreams Rekindled with Billion-Dollar Ambitions

In the ever-turbulent world of startups, few stories have oscillated between spectacular ambition and nail-biting suspense quite like Oyo’s. And now, the hospitality unicorn is back in the headlines, dusting off its IPO playbook for a third go—with bigger dreams and tighter suits. According to sources close to the matter, Oravel Stays, the parent company […]

KuberGrow Team
April 1, 2025
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Oyo To Cross Rs 2100 Crore in Q4FY25, Founder Ritesh Agarwal Assures

Oyo is likely to achieve more than 60% revenue growth during the fourth quarter of FY2025 with an aim of Rs 2100 crore, as per a statement provided by the founder Ritesh Agarwal. In a company mail to Oyo senior leaders, Agarwal emphasized that Oyo’s organic revenue growth stands at 42%, driven by hard markets […]

Tag: Ritesh Agarwal

OYO to File DRHP in November, Targets $7–8 Billion IPO Valuation

Oyo’s Identity Upgrade: A Luxe Makeover Before Hitting the Bourse

Oyo’s Third Time Charm: IPO Dreams Rekindled with Billion-Dollar Ambitions

Oyo To Cross Rs 2100 Crore in Q4FY25, Founder Ritesh Agarwal Assures

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