ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

SoftBank-backed Oyo files for $1.1bn India IPO

Vision Fund to cut stake after hotel startup reveals 69% fall in revenue

Indian hotel startup Oyo is planning a $1.1bn fundraising on local stock markets. SoftBank Group’s Vision Fund holds a 46.6% stake in the company. (Source photos by Reuters and screenshot from Oyo's website) 

TOKYO -- Oravel Stays, the Indian hotel startup known as Oyo, is planning to raise up to 84.3 billion rupees ($1.1 billion) in an initial public offering on local stock exchanges.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more