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Why Ritesh Agarwal's $2-bn deal to hike his stake in Oyo to 30% is a riddle

SoftBank, OYO's largest investor, already owns 46% in the Gurugram-based company

Oyo | OYO Ritesh Agarwal | SoftBank

Neha Alawadhi  |  New Delhi 

OYO Rooms founder and CEO Ritesh Agarwal
OYO Rooms founder and CEO Ritesh Agarwal

After the initial excitement in the start-up world about Ritesh Agarwal increasing his stake in OYO, a hotel aggregator he started in his teens, to as much as 30 per cent, industry insiders and analysts are attempting to analyse the fine print with few details available. The overall move is believed to be part of the firm’s larger plan to list in the US in 2-3 years.



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First Published: Mon, July 22 2019. 02:21 IST