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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Even as the chorus of the company’s turnaround seems to be gathering momentum, it appears that co-founder Ritesh Agarwal’s one-trick pony continues to be financial engineering.
It has been a season of lots of good news for OYO. Earlier this week, Business Standard reported that the budget hotel operator is looking to raise $200 million at a valuation of $4.5 billion or upwards. A couple of weeks back, OYO said it is acquiring G6 Hospitality, the company that owns the Motel 6 and Studio 6 chain of budget hotels in the US. In an all-cash deal, OYO is buying the hotel franchisee business from private equity firm Blackstone’s real estate arm for $525 million.
Just a few weeks before this, OYO announced that it has raised …
