Ritesh Agarwal, founder of Oyo Hotels and Homes, will spend US$700 million to buy new shares in the India lodging start-up as part of a previously reported US$2 billion plan to triple his ownership stake. Photo: Bloomberg
Ritesh Agarwal, founder of Oyo Hotels and Homes, will spend US$700 million to buy new shares in the India lodging start-up as part of a previously reported US$2 billion plan to triple his ownership stake. Photo: Bloomberg
Start-ups
Tech

India lodging start-up Oyo raises US$1.5 billion amid its expansion into US, Europe

  • Founder Ritesh Agarwal has built Oyo into India’s second-most valuable start-up, with a business that covers more than 80 countries

Bloomberg
Bloomberg

Updated: 4:41pm, 7 Oct, 2019

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Ritesh Agarwal, founder of Oyo Hotels and Homes, will spend US$700 million to buy new shares in the India lodging start-up as part of a previously reported US$2 billion plan to triple his ownership stake. Photo: Bloomberg
Ritesh Agarwal, founder of Oyo Hotels and Homes, will spend US$700 million to buy new shares in the India lodging start-up as part of a previously reported US$2 billion plan to triple his ownership stake. Photo: Bloomberg
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