Ritesh Agarwal to raise stake in OYO with Rs 550 crore infusion

BENGALURU: SoftBank-backed Oyo’s founder and chief executive officer Ritesh Agarwal is planning to increase his stake in the company with Rs 550 crore infusion. He is slated to buy another USD 60 million worth of shares from the company at Rs 42.60 per share, a 45% premium to his last purchase in August 2024.

The investment will value the company at about USD 3.8 billion. Agarwal had earlier also led the company’s Series G round in the OYO with an investment of Rs 830 crore.