Oyo’s valuation reached $4.6 billion after Nuvama Wealth and Investment Limited acquired ₹100 crore shares in its parent company, Oravel Stays Ltd, at ₹53 per share through a secondary transaction. This transaction values Oyo at $4.6 billion. Last month, the company revealed that its founder, Ritesh Agarwal, is purchasing shares worth ₹550 crore at ₹44 per share.
According to sources, Nuvama acquired the shares through InCred Wealth and HuazhuGroup Limited (previously China Lodging).
Although Oyo’s valuation has been climbing, it remains significantly lower than its peak valuation of $10 billion.
Oyo acquired G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million in an all-cash deal. According to earlier reports, the company posted a net profit of ₹158 crore in Q2 FY2025, following a ₹132 crore profit in Q1. This move brings Oyo’s total net profit for the first half of FY2025 to ₹290 crore, marking a significant turnaround from the ₹91 crore net loss recorded during the same period in the previous fiscal year.
During an internal employee town hall in August, Oyo founder Ritesh Agarwal projected the company’s profit after tax to increase more than threefold, reaching ₹700 crore in FY2025, compared to FY2024.
In Q2 FY2025, Oyo’s revenue grew to ₹1,578 crore, up from ₹1,413 crore in Q1 FY2025.
Earlier this year, as stated in the company’s annual report, Oyo reported its first-ever profit after tax of ₹229 crore for FY2024.
