OYO Gets SEBI Nod For ₹6,650 Cr IPO At $7-8 Bn Valuation
OYO parent PRISM secures SEBI approval for its ₹6,650 Cr public issue, targeting a $7-8 Bn valuation. The listing marks a third attempt by Ritesh Agarwal's hospitality platform to go public, anchoring a busy week that also saw ONDC raise ₹220 Cr from Uber, Zoho, Paytm and BSE.
Inc42 roundup: Sarvam opens voice AI platform publicly amid $250M unicorn round; ONDC raises ₹220 Cr from Uber, Zoho, Paytm, BSE; OYO/PRISM gets SEBI IPO nod at $7-8B valuation; Interview Kickstart layoffs; Excitel turns profitable.
Why this matters
OYO's third IPO bid follows shelved 2021 and 2023 attempts, repositioning the hospitality platform at a sharply lower valuation than its earlier $9 Bn target.
Retail-company activity steady with 1,831 signals in the last 90 days.