India’s Oyo, once valued at $10 billion, seeks new funding at 70% discount

Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with...

https://techcrunch.com/2024/05/07/india-oyo-once-valued-at-10b-seeks-new-funding-at-3b-valuation/