Oyo’s valuation has surged to $4.6 billion following the acquisition of shares worth Rs 100 crore by Nuvama Wealth and Investment Limited in Oravel Stays Ltd, Oyo’s parent company. The shares were purchased at Rs 53 per share through a secondary transaction, as reported by bankers familiar with the matter.
Nuvama acquired these shares in collaboration with InCred Wealth and Huazhu Group Limited (formerly known as China Lodging). This recent investment underscores the company’s growing valuation, although it remains significantly lower than the $10 billion peak valuation Oyo achieved in the past.
Financially, Oyo reported a net profit of Rs 158 crore in the second quarter of the fiscal year 2025, following a profit of Rs 132 crore in the first quarter. This brings the company’s total net profit for the first half of fiscal year 2025 to Rs 290 crore, a significant turnaround from a net loss of Rs 91 crore during the same period last year.