Oyo to raise fund at a valuation of $3-4 billion

NEW DELHI: After withdrawing its initial public offering (IPO) paper for the second time, Oyo is looking to raise fresh funding from private investors.

According to sources, founder Ritesh Agarwal told employees in a townhall on Wednesday that private investors have approached them and they may raise equity at a valuation of up to $4 billion. Some reports, however, claimed that the fresh funding may be raised at a valuation of $2-2.3 billion