OYO founder Ritesh Agarwal is raising his stake to 32% with a INR 550 Cr investment to finance the acquisition of US-based Motel 6 and Studio 6. He plans an additional $60 Mn share purchase at a 45% premium. OYO aims to boost EBITDA beyond INR 2,000 Cr in FY26 and has called an EGM on December 9 to seek investor approval for issuing 12.9 Cr equity shares. The acquisition marks OYO's major US expan
OYO founder Ritesh Agarwal is increasing his stake in the hospitality giant to 32% from 30% with an infusion of INR 550 Cr (approximately $65 Mn). The investment will support OYO’s acquisition of US-based Motel 6 and Studio 6, expected to push its EBITDA beyond INR 2,000 Cr in FY26.
Agarwal also plans to purchase additional shares worth $60 Mn at INR 42.60 each, a 45% premium to his last purchase. OYO has sought investor consent to issue 12.9 Cr equity shares at its upcoming EGM on December 9.
OYO’s parent company, Oravel Stays, is expanding into the US market with its $525 Mn acquisition of Motel 6 and Studio 6's parent, G6 Hospitality. Additionally, OYO has recently launched a B2B venture targeting corporate travel and events in India.
I am an entrepreneur, marketer, and mentor with a certification in entrepreneurship from IIT Delhi, one of the most prestigious institutions in India. I have a passion for connecting businesses with their ideal customers, solving real-world problems, and inspiring the next generation of founders.I founded and lead DevoByte, a digital marketing agency that provides a range of services, from SEO a
Your email address will not be published. Required fields are marked *
