Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal

'We'll look at various things like the market situation, opportunities outside, and so on, and the board will consider and then potentially advise on the timeline,' Agarwal said

The focus of OYO’s management, according to founder and Chief Executive Ritesh Agarwal, is to make a well-designed, IPO-ready company, available to shareholders and board members to allow them to take the right decision.

In a fireside chat with Troy Alstead, a member of the company’s board, and Rohit Kapoor, CEO for India & South Asia at OYO, Agarwal said his company continued to hold a health cash reserve of close to $1 billion for operations.

“At the end of the day, what is the right time to go out is frankly a decision for the board to make. From