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Oyo files for IPO
Indian hospitality Unicorn Oyo has filed for an initial public offering hoping to raise about US$1.1 billion. India’s third-most valuable startup has operations in 35 countries although more than 90% of the hotels listed are in India, Malaysia, Indonesia and Europe.
The bulk of current shareholding is held by SoftBank Vision Fund and founder Ritesh Agarwal with 47% and 33% respectively. Its loyalty programme in India has 9.2 million subscribers.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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