Founder Ritesh Agarwal unlikely to offload any stake in Oyo IPO

Bengaluru: Oyo Hotels & Homes aims to list in India at a valuation of $12-15 billion without its founder Ritesh Agarwal offloading any stake in an upcoming IPO, people aware of the company’s plans said.

The SoftBank Group-backed hospitality startup was valued at $9.6 billion after a “strategic investment” by Microsoft Corp. last month.