https://techcrunch.com/2021/09/30/softbank-backed-oyo-files-for-1-16-billion-ipo/

Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperworks with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 billion.

The Gurgaon-headquartered startup is seeking to raise about $942 million through sale of new shares, while the rest is set aside for sales of existing shares (secondary transaction).