India’s Oyo, as soon as valued at $10B, finalizes new funding at $2.5B valuation
Oyo, the Indian budget-hotel chain startup, is finalizing a contemporary fundraise of about $100 million to $125 million that slashes its valuation to $2.5 billion, two individuals acquainted with the matter advised TechCrunch. That’s a steep decline within the Gurgaon-headquartered startup’s worth, which was value $10 billion in 2019. The startup, struggling to boost from…
