{"id":830283,"date":"2024-07-06T10:48:43","date_gmt":"2024-07-06T05:18:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=830283"},"modified":"2024-07-06T11:01:31","modified_gmt":"2024-07-06T05:31:31","slug":"oyo-raises-50-million-from-incred-wealth-and-investment-valuation-cut-by-76-per-cent","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/06\/oyo-raises-50-million-from-incred-wealth-and-investment-valuation-cut-by-76-per-cent\/","title":{"rendered":"OYO raises $50 million from InCred Wealth and Investment, valuation cut by 76 per cent"},"content":{"rendered":"<p>OYO, the online hotel aggregator, has reportedly raised \u20b9417 crore or $50 million from InCred Wealth and Investment at a valuation of \u20b919,756 crore ($2.38 billion), a fall of 76 per cent from its peak valuation of almost $10 billion. <\/p>\n<p>According to an Entrackr report, while this latest funding comes after a gap of three years, the travel tech platform will issue 14.37 crore Series G CCPS (compulsorily convertible preference shares) at an issue price of \u20b929 each to raise the funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OYO, the online hotel aggregator, has reportedly raised \u20b9417 crore or $50 million from InCred Wealth and Investment at a valuation of \u20b919,756 crore ($2.38 billion), a fall of 76 per cent from its peak valuation of almost $10 billion. According to an Entrackr report, while this latest funding comes after a gap of three years, the travel tech platform will issue 14.37 crore Series G CCPS (compulsorily convertible preference shares) at an issue price of \u20b929 each to raise the funds.<\/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":[83,4,22],"tags":[],"class_list":["post-830283","post","type-post","status-publish","format-standard","hentry","category-it-2-the-telegraph","category-newspapers","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/830283","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=830283"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/830283\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=830283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=830283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=830283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}