Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal

The focus of OYO’s management, according to founder and Chief Executive Ritesh Agarwal, is to make a well-designed, IPO-ready company, available to shareholders and board members to allow them to take the right decision.

In a fireside chat with Troy Alstead, a member of the company’s board, and Rohit Kapoor, CEO for India & South Asia at OYO, Agarwal said his company continued to hold a health cash reserve of close to $1 billion for operations.

“At the end of the day, what is the right time to go out is frankly a decision for the board to make. From the management side, we’ll make sure that we build a company that is ready to go public,” he said.