Motel 6
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Oyo's Ritesh Agarwal: Indian brands poised for US breakout, citing $525M Motel 6 deal
Speaking in New York, Oyo founder Ritesh Agarwal said Indian consumer brands will increasingly cross into the US market, pointing to Oyo's $525M acquisition of G6 Hospitality's Motel 6. Separately, PRISM secured SEBI approval for a Rs 6,650 crore confidential IPO.
Financial Express · BrandWagon · 6/4/2026, 10:52:56 AM
OYO parent PRISM clears SEBI hurdle for Rs 6,650 cr IPO as Agarwal eyes US brand dominance
OYO founder Ritesh Agarwal says Indian corporations are positioned to become major US brand owners, pointing to OYO's USD 525 million Motel 6 acquisition and the extended-stay housing opportunity. Parent PRISM has secured SEBI clearance for a Rs 6,650 crore IPO.
ET Small Business · 6/4/2026, 7:18:50 AM
Oyo parent Prism secures Sebi nod for Rs 6,650 crore IPO at $7-8 billion valuation
Prism, Oyo's parent, has cleared Sebi's approval hurdle for its Rs 6,650 crore IPO on the third attempt, targeting a $7-8 billion valuation. Updated DRHP is expected by early July, with Q1FY26 profit at Rs 216 crore signaling improved fundamentals. Listing timing remains contingent on market conditions.
Times of India · Business · 6/2/2026, 3:32:43 PM
Prism's US Arm Opens 30 Studio 6 Extended-Stay Hotels Ahead of ₹6,650 Cr IPO
OYO parent Prism has launched 30 Studio 6 extended-stay properties across 12 US cities including New York, Dallas, and Las Vegas, following its $525M Motel 6/Studio 6 acquisition from Blackstone. The expansion comes as Ritesh Agarwal scales G6 Hospitality operations ahead of a confidential ₹6,650 crore SEBI IPO filing.
Outlook Business · 5/25/2026, 9:28:39 AM