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 paperwork (PDF) 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 — which offers an operating system of sorts to help hoteliers accept digital bookings, … Continue reading SoftBank-backed Oyo files for $1.16 billion IPO