NEW DELHI: Oyo Hotels, the once hard-charging startup that struggled during the pandemic, is eyeing a valuation of about $9 billion in its initial public offering (IPO) after preliminary conversations with potential investors, according to people familiar with the matter.
The SoftBank Group Corp-backed startup is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year, said the people, asking not to be named because the talks aren’t public.
