Up, down, and on the way up again? Ritesh Agarwal and Oyo's ride on the IPO roller coaster

The buzz around fresh funding for Oyo became louder last week after a report that claimed Malaysian sovereign fund Khazanah Nasional was talking to the hotel-tech platform to lead a USD400 million round. Khazanah is the latest among a slew of large private equity (PE) investors that are said to have held discussions with Oyo for a funding round in the past four months. While the fundraise might still take a few more months, the newfound interest