{"id":829604,"date":"2024-07-05T09:40:14","date_gmt":"2024-07-05T04:10:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=829604"},"modified":"2024-07-05T09:41:31","modified_gmt":"2024-07-05T04:11:31","slug":"oyo-raises-50-million-from-incred-valuation-cut-by-76-to-2-38-billion","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/05\/oyo-raises-50-million-from-incred-valuation-cut-by-76-to-2-38-billion\/","title":{"rendered":"Oyo raises $50 million from InCred; valuation cut by 76% to $2.38 billion"},"content":{"rendered":"<p>Hospitality unicorn Oyo has secured $50 million in funding from InCred Wealth and Investment, marking its first significant capital infusion in nearly three years. However, the investment values the Gurugram-based company at $2.38 billion, a substantial 76% decrease from its peak valuation of $10 billion. <\/p>\n<p>According to regulatory filings, Oyo\u2019s board approved the issuance of new shares to InCred, granting the investor a 2.11% stake in the company post-investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hospitality unicorn Oyo has secured $50 million in funding from InCred Wealth and Investment, marking its first significant capital infusion in nearly three years. However, the investment values the Gurugram-based company at $2.38 billion, a substantial 76% decrease from its peak valuation of $10 billion. According to regulatory filings, Oyo\u2019s board approved the issuance of new shares to InCred, granting the investor a 2.11% stake in the company post-investment.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-829604","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=829604"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829604\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=829604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=829604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=829604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}