Oyo Hotels Targets $800 Million India IPO with Staggering $8 Billion Valuation

Hospitality disruptor Oyo makes bold market move with landmark public offering.

Valuation Ambitions

The budget accommodation giant seeks investor confidence at premium multiples despite ongoing market volatility. Sources confirm the offering structure positions Oyo among India's most valuable hospitality players.

Market Timing Strategy

Launching during peak travel season demonstrates calculated positioning—though skeptics question whether traditional hospitality metrics justify such aggressive valuation targets in today's economic climate.

Because nothing says 'stable investment' like betting $8 billion on a company that made its name disrupting an industry known for razor-thin margins and constant turnover.

IPO likely in 2026

The IPO, expected in 2026, will probably comprise a mix of new and existing shares, and value the company at $7 billion to $8 billion, the people said. Deliberations are ongoing, and details including size, timing and valuation could change, they said.

Goldman Sachs declined to comment. Oyo, SoftBank, Axis, ICICI Securities and Citi didn’t immediately respond to requests for comment.

The company had previously filed draft IPO documents with the Securities and Exchange Board of India in September 2021 for an offering of ₹8,430 crore ($950 million), but the regulator returned the filing in 2023, asking the company to update it with new information. 

Revenue growth

Its revenue ROSE 16% to ₹6,253 crore in its latest fiscal year, according to its annual report. Net income was ₹240 crore.

Founded in 2012 by Ritesh Agarwal, the company said in its annual report that it had served over 100 million customers in 35 countries as of March 31. The company’s brands include Oyo, Motel 6, Townhouse, Sunday, and Palette.

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Published on September 25, 2025