Oyo founder Ritesh Agarwal invests Rs 830 cr in firm’s latest funding round

Ritesh Agarwal, the founder of the multinational hospitality chain Oyo, has invested Rs 830 crore in the company through his wholly owned entity, Patient Capital. This investment brings the total funding for the latest round to Rs 1,457 crore and underscores Agarwal’s confidence in the company’s prospects.

This marked the IPO bound firm’s G series funding where it raised Rs 1,040 crore in the round, which was followed by an earlier round of raising Rs 416.85 crore. Oravel Stays Ltd is the parent company of Oyo.