Oyo valuation crashes over 75% in new funding

The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round, multiple sources told TechCrunch. The Gurugram-headquartered startup, which operates a chain of budget hotels, has raised $173.5 million in a Series G funding. Patient Capital, run by Oyo founder and chief executive Ritesh […]

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