OYO shelves IPO plans again, in talks to raise funds at 75% valuation cut

OYO shelves IPO plans again, in talks to raise funds at 75% valuation cut

Visual from OYO website

Indian budget hotel chain OYO has withdrawn its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI) for the second time and is reportedly in talks to raise to $90 million, down 75% from its peak valuation.

Edited by: Joymitra Rai