Oyo founder Ritesh Agarwal invests Rs 830 crore in latest funding round

BENGALURU: Hospitality chain Oyo’s founder Ritesh Agarwal has invested Rs 830 crore in the company’s latest funding round through Singapore-based entity Patient Capital. With this, the IPO bound firm has raised Rs 1,457 crore.

The first tranche of funding of Rs 416.85 crore was led by Incred Wealth in July 2024. An additional fund raise of Rs 1,047 crore, was approved by shareholders of the company on August 8 in an extraordinary general meeting (EGM).