Founder Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO’s latest funding round — wherein the travel tech platform raised Rs 1,457 crore, sources said. Post the equity dilution in the Series G funding, Agarwal’s holdings will increase from 29.97% earlier, to 32.57% post the investment, sources told PTI.<\/p>\n
According to sources close to the transaction, “Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company’s prospects. The investment is backed by Singapore-based family offices.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Founder Ritesh Agarwal has invested Rs 830 crore through his Singapore-based entity Patient Capital in OYO’s latest funding round — wherein the travel tech platform raised Rs 1,457 crore, sources said. Post the equity dilution in the Series G funding, Agarwal’s holdings will increase from 29.97% earlier, to 32.57% post the investment, sources told PTI. According to sources close to the transaction, “Ritesh has invested to protect his ownership dilution in OYO as well as a signal of confidence in the company’s prospects. The investment is backed by Singapore-based family offices.”<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-844109","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844109","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=844109"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/844109\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=844109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=844109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=844109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}