Oyo, the Indian budget-hotel chain startup, is negotiating with investors to raise a new round of funding that could cut the Indian firm’s valuation to $3 billion or lower, three sources familiar with the matter told TechCrunch. The startup is engaging with investors, including Malaysia’s sovereign wealth fund Khazanah, for the new funding, the sources […]
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https://techcrunch.com/2024/05/07/india-oyo-once-valued-at-10b-seeks-new-funding-at-3b-valuation/