Oyo secures board nod to file for IPO with stronger financial outlook: Sources
Hospitality chain Oyo has secured board approval to pursue a fresh initial public offering (IPO) filing, according to people familiar with the matter. Sources cited above indicated that the filing will highlight the company’s quarter one financial performance and operational improvements. Besides founder and CEO Ritesh Agarwal, Oyo’s board includes former Starbucks COO Troy Alstead;…