Oyo’s valuation at $ 4.6 billion after Nuvama Wealth acquires Rs 100 crore stake

Oyo’s valuation is at $ 4.6 billion after Nuvama Wealth and Investment Limited acquired shares worth Rs 100 crore in Oyo parent Oravel Stays Ltd at Rs 53 per share, through a secondary transaction, bankers familiar with the matter told ET.

The people cited above said Nuvama acquired shares through InCred Wealth and Huazhu Group Limited (formerly known as China Lodging).

This translates to a valuation of $ 4.6 billion for the company.

Last month, the company had announced that the founder Ritesh Agarwal is in the process of buying shares worth Rs 550 crore at Rs 44 per share.

While the valuation has been on the upswing, it is still a far cry from the $10 billion valuation Oyo commanded at its peak.

Oyo had recently announced its acquisition of G6 Hospitality, the economy lodging franchisor and parent company of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction.

The company achieved a net profit of Rs 158 crore in quarter two of financial year 2025, following a profit of Rs 132 crore in quarter one, as per previous reports. This brings the company’s H1 financial year 2025 net profit to Rs 290 crore, compared to a Rs 91 crore net loss reported in the same period of the previous fiscal year. In an internal employee townhall in August, Agarwal said that the company projects its profit after tax to surge over three fold to Rs 700 crore in fiscal year 2025 versus financial year 2024.

In quarter two of financial year 2025, Oyo’s revenue increased to Rs 1578 crore from Rs 1,413 crore reported in quarter one.

Earlier in this year, Oyo reported its first-ever profit after tax of Rs 229 crore in financial year 2024, according to the company’s annual report.