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Ritesh Agarwal to invest 550 crore in Oyo for global expansion

Oyo founder Ritesh Agarwal plans to invest Rs 550 crore to increase his stake in the company from 30% to 32%, valuing Oyo at approximately Rs 32,000 crore. This funding will support the recent acquisition of US-based Motel 6 and Studio 6, enhancing Oyo's expansion in the US, where it operates over 320 hotels. The company aims to add around 250 more hotels in 2024.
Moneycontrol
Indian Rupee Motel 6 Studio 6 Blackstone Real Estate OYO USA IND Ritesh Agarwal Show more
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06:39 18.11.2024
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