# OYO

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/oyo
Canonical HTML page: https://getstartupbrief.com/entity/oyo

## Timeline

- **2026-06-30**: Updated DRHP Filed — Public filing of updated draft red herring prospectus for Rs 6,650 crore fresh issue IPO.
- **2026-06**: SEBI Approval — SEBI approved the IPO proposal earlier this month.
- **2025-12**: Confidential DRHP Filing — PRISM submitted confidential draft papers to SEBI for the current IPO.
- **2025-09**: Name Change to PRISM — Oravel Stays rebranded to PRISM to reflect global portfolio across stays and co-working.
- **2024**: G6 Hospitality Acquisition — Acquired Motel 6 and Studio 6 brands from Blackstone for US expansion.
- **2023**: Confidential DRHP Pre-filed — Company pre-filed draft IPO papers but did not proceed with the public issue.
- **2021-09**: First DRHP Filed — OYO filed a $1.2 billion IPO at an $11-12 billion valuation, later postponed due to market conditions.
- **2012**: OYO Founded — Ritesh Agarwal starts Oravel Stays, later rebranded as OYO.

## Recent coverage (1 stories)

### After 3 IPO Attempts, OYO Parent PRISM Eyes $7-8 Bn Valuation
2026-06-30 06:41:30 · Sentiment: Positive · Impact: 7/10 · Sources: 2

PRISM, having raised $3.7 billion and pivoted to profitability, files its third IPO attempt at a $7-8 billion valuation—down from $11-12 billion. SoftBank retains 40% as the company seeks to go public without investor exits.
Full story: https://getstartupbrief.com/story/prism-ipo-startups-journey

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