Tag: OYO

IndustryLatest Stories

Truhome Finance, Veegaland Get Sebi Approval for IPO

NEW DELHI: Five companies, including Oyo’s parent company Prism, Warburg Pincus-backed Truhome Finance, and Veegaland Developers, have received approval from Sebi to launch their initial public offerings (IPOs), as reported by the capital market regulator on Friday. The other firms that gained approval from the Securities and Exchange Board of India (Sebi) are Advanta Enterprises, which focuses on agricultural solutions, and Mehta Hitech Industries. According to the update, Sebi provided its observations on the draft IPO documents from June 1 to June 5. These observations are crucial for companies to move forward with their public issues. The preliminary IPO papers…

CommercialLatest Stories

Innov8 Sells 3% Stake for ₹1,000 Crore to Boost Co-Working Expansion

NEW DELHI: Innov8, a co-working firm owned by OYO, has sold a 3% stake to investors at a valuation of ₹1,000 crore to fuel its expansion in response to the growing demand for flexible workspaces, according to sources. Raymond Family Office has emerged as the primary investor, acquiring nearly 2% of the shares. OYO Group, the parent company, has chosen not to comment on the matter. Earlier this year, Innov8 raised ₹110 crore from various investors, diluting 10% of its equity to esteemed investors, including the family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in…