The largest shareholder in IPO-bound Oyo, has slashed the firm’s valuation by 20%, to 2.7 billion from an earlier $3.4 billion after benchmarking it against peers with similar operations. Oyo had previously reached a valuation of $10 billion in a 2019 funding round. OYO\’s latest filings showed narrower (18.9 billion rupees) losses and a rebound […]
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