Founder Ritesh Agarwal invests Rs 830 crore in Oyo’s latest funding round

Founder Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO’s latest funding round — wherein the travel tech platform raised Rs 1,457 crore, sources said. Post the equity dilution in the Series G funding, Agarwal’s holdings will increase from 29.97% earlier, to 32.57% post the investment, sources told PTI.

According to sources close to the transaction, “Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company’s prospects. The investment is backed by Singapore-based family offices.”