![OYO may raise equity at $4 billion valuation OYO may raise equity at $4 billion valuation](https://englishtribuneimages.blob.core.windows.net/gallary-content/2024/5/2024_5$oyo_largeimg_1814635419.webp)
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New Delhi, May 22
Travel tech platform OYO, which is preparing to launch its maiden public issue, is likely to raise equity funds from institutional investors at a valuation of USD 3-4 billion, its founder Ritesh Agarwal told employees on Wednesday, according to sources.
The IPO-bound firm had its maiden net profitable year in FY24 when it posted a profit after tax (PAT) of Rs 99.6 crore ($12 million). The company registered a profit after tax (PAT) of Rs 100 crore in the March quarter.
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