Skift Take
— Bulbul Dhawan
At the inaugural Skift India Summit held at The Leela Ambience Gurugram on Wednesday, hospitality chain Oyo’s CEO Ritesh Agarwal addressed the speculation around its potential IPO. He said that the company does not have a need to raise money at this stage from the public or private markets. Oyo is currently focusing on delivering good earnings results, he said.
Oyo’s IPO journey: The company had filed for an IPO in 2021. It was, however, asked to refile documents by regulators in January 2023. Since then, there has been speculation around when Oyo will be listed. Last month, a media report stated that the hospitality chain might withdraw its papers from the regulator and that it was looking to raise funds from private…
