Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
OYO raises $50 million from Incred at 76% valuation cut
Update / Judgement Date
04 Jul 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Valuation
OYO has raised ₹417 crore ($50 million) from Incred at a valuation of ₹19,756 crore ($2.38 billion), significantly lower than its $10 billion peak valuation. This funding is part of a broader $100 million round aimed at refiling for an IPO. In FY24, OYO achieved an adjusted EBITDA of ₹888 crore ($107 million) and expanded by adding 5,000 hotels and 6,000 homes globally.
