OYO raises $660 mn through its maiden TLB funding from leading institutional investors, Oversubscribed 1.7 times
The offer was oversubscribed by 1.7 times and the company received commitments of close to $1 bn from leading institutional investors.
- The offer was oversubscribed by 1.7 times and the company received commitments of close to $1 bn from leading institutional investors.
- OYO is the first Indian startup to be publicly rated by Moody's and Fitch, two of the leading international rating agencies.
- Commenting on the financing, Abhishek Gupta, Group Chief Financial Officer, OYO, said "We are delighted by the response to OYO's maiden TLB capital raise that was oversubscribed by leading global institutional investors.
- These products include CO-OYO, OYO OS, OYO YO!, OYO Tariff Manager, OYO Secure, OYO Wizard, and the consumer-facing OYO App, among others.