Ritesh Agarwal, Founder and Chief Executive Officer (CEO), Oyo, reportedly is set to infuse Rs 550 crore (approximately $65.1 million) into the hospitality platform, increasing his shareholding from 30 per cent to 32 per cent.
The fresh investment comes at a 45 per cent premium, propelling OYO’s valuation to $3.4 billion, a notable rise from its $2.4 billion valuation during its last funding round in August 2024. Agarwal had also led Oyo’s Series G funding round with a $100 million contribution, which was part of a larger $175 million investment.
The Series G round drew participation from prominent investors such as InCred Wealth, the family office of Mankind Pharma J&A Partners, ASK Financial Holdings and Ashish Kacholia. A portion of these funds was allocated to the $525 million acquisition of G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone Real Estate. This acquisition expanded Oyo’s network by 1,500 locations across the US and Canada, significantly enhancing its global footprint.
At a recent employee town hall, Agarwal emphasised the company’s strong financial performance, highlighting a net profit of Rs 158 crore in Quarter Two Financial Year 2025 (Q2 FY25). According to the data, Oyo has maintained profitability for two consecutive quarters of FY25.
The additional capital and increased valuation reflect Oyo’s robust market position and aggressive growth strategy. With Agarwal’s continued investment and leadership, the company is poised to strengthen its foothold in the hospitality sector while achieving sustained profitability.
