Sunday, March 26, 2023
Crunch Stories
No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Automobiles
    • Bikes
    • Cars
  • Lifestyle
    • Beauty Tips
    • Food
    • Health
      • Mental Health
      • Nutrition
  • Tips and Tricks
  • More
    • Startup Stories
    • Miscellaneous
  • About Us
  • Home
  • News
  • Tech
  • Entertainment
  • Automobiles
    • Bikes
    • Cars
  • Lifestyle
    • Beauty Tips
    • Food
    • Health
      • Mental Health
      • Nutrition
  • Tips and Tricks
  • More
    • Startup Stories
    • Miscellaneous
  • About Us
No Result
View All Result
Crunch Stories
Home Finance

OYO in Plans to Launch its IPO Soon in India

Team Crunch by Team Crunch
August 11, 2021
Reading Time: 2 mins read

Hospitality company OYO Rooms is planning to launch an IPO (Initial Public Offerings) soon. The DRHP (Draft Red Hearing Prospectus) is to be filed by September as per the deadline that the company has set for itself to go public before the year ends. Currently, OYO is involved in few conversations with bankers at few companies such as JP Morgan, Kotak Mahindra Capital and CITI to handle its public issue.

A person aware of the development procedures has mentioned that the process has begun and bankers are to be finalized. Another person has also come forward to inform that the necessary details are to be filed and that included the size of the offer.

Pandemic has taken a toll on the business activities of the company and its employees as well. In marketplaces such as the USA and China, the operations of the company were forced to shut down due to the Covid outbreak. Meanwhile, in the Indian market few of its employees had been fired as the company could not bear paying salaries due to the losses faced by the company.

But the company is currently in a reviving stage for its business activities to come together to grow their business again. The business revival can be noticed in countries like India and Europe as the vaccination drives have been on a raise and the cases have been on fall in Europe, soon India is also estimated to grow in the rate of vaccinations. The company’s revenue is mostly generated at 43% from India and Southeast Asia, Europe generates around 28% and the rest 29% is generated across the other global markets.

IT giant company such as Microsoft is on an urge to make a deal with OYO, as to invest at a valuation of $9 million. OYO will be granted the facility of using Microsoft’s cloud services once the deal is locked between the two parties and it is yet to be announced soon.

The market is excited for startup companies like Paytm, Policy Bazar, Mobikwik and Nykaa to be linked up for their company’s initial public offerings following the path of Zomato. Zomato recently has been the first unicorn company in India to file IPO at a valuation of Rs 60,000 crores.

ADVERTISEMENT
ShareTweetSendShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending 🔥

  • Vasanthi Singampalli

    Vasanthi Singampalli – The face behind Tastydrips

    1 shares
    Share 0 Tweet 0
  • Why iPhone camera take better pictures than android?

    0 shares
    Share 0 Tweet 0
  • What is the Influence of Art in Society?

    0 shares
    Share 0 Tweet 0
  • How Classmate Became a Stationery Giant?

    0 shares
    Share 0 Tweet 0
  • The Great Debate: Why iOS is better than Android

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Crunch Stories

© 2022 Crunch Stories | Made in India with ❤

Navigate Site

  • About Us
  • Privacy Policy and Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Automobiles
    • Bikes
    • Cars
  • Lifestyle
    • Beauty Tips
    • Food
    • Health
      • Mental Health
      • Nutrition
  • Tips and Tricks
  • More
    • Startup Stories
    • Beauty Tips
  • Miscellaneous
  • About Us

© 2022 Crunch Stories | Made in India with ❤