SoftBank, Grab eye part exit as Indian hospitality unicorn Oyo files for $1.1b IPO

SoftBank, Grab eye part exit as Indian hospitality unicorn Oyo files for $1.1b IPO

Oyo Rooms in Bangalore. Photo: Booking.com

Oravel Stays Pvt Ltd, which operates hospitality unicorn Oyo Hotels and Homes, has filed for a 8,430 crore ($1.1bn) initial public offering (IPO) which will see some of its investors, including Softbank Group, book a partial exit.

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