OYO parent PRISM lands SEBI nod for ₹6,650 cr IPO as Agarwal eyes US scale via Motel 6
PRISM, OYO's parent, has SEBI clearance for a ₹6,650 crore IPO. Founder Ritesh Agarwal frames the $525M Motel 6 buy and an extended-stay push as proof Indian corporates can own large US consumer brands, joining a $2B-capitalised startup cohort.
OYO parent PRISM secures SEBI clearance for Rs 6,650 crore IPO. Founder Ritesh Agarwal touts US expansion via Motel 6 acquisition and extended-stay housing push, positioning Indian corporations as emerging consumer brand owners in America.