OYO seems to have turned around. There is chatter in public domain that next round of fund raise would be at a valuation north of $6 bn. There is conflicting news around the timing of IPO though it already has a DRHP filed with SEBI under the confidential route. As an unlisted investor in OYO, I would prefer a delayed listing where company can demonstrate consistently positive earnings, reduced debt and thereby command a higher valuation when it eventually hits the market.
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