Ritesh Agarwal

OYO to Raise $1.2 Billion From IPO

The firm, which counts SoftBank, Lightspeed Partners and Airbnb among its investors and was most recently valued at $9.6 billion, had about $780 million to $800 million in the bank as of three months ago (per Agarwal's public comment at a recent conference) and raised $660 million in debt in July.