Archive · 19 Nov 2025
Deutsche Bank Refinances Part of Oyo's $350M Loan
Deutsche Bank has taken over part of a loan that Oyo Hotels founder Ritesh Agarwal used to buy shares in his company.
This makes it easier for Agarwal to focus on Oyo's upcoming IPO, which is expected next year and could value the company between $7 and $8 billion.
Oyo has been doing well financially, with 14 quarters of positive earnings.
Deutsche Bank refinances $150M of Oyo's $350M loan from Mizuho
Remaining $200M repaid by RA Hospitality Holdings
Refinancing eases pressure on Oyo founder Ritesh Agarwal
Oyo working on IPO expected in 2026, valued between $7B-$8B
Oyo reports 14 consecutive quarters of positive adjusted EBITDA
- Who
- Ritesh Agarwal, Deutsche Bank, Mizuho Bank, SoftBank Group
- What
- Refinancing of Oyo's loan, preparation for IPO
- When
- November 2025, IPO expected in 2026
- Where
- India, globally (Oyo operates in 35 countries)
- Why
- To ease pressure on Agarwal, strengthen Oyo's financial position before IPO
Pro-Oyo
Skeptical
Oyo's Financial Health
Pro-Oyo
Oyo has shown consistent positive earnings, indicating a strong financial position.
Skeptical
Oyo's past struggles and delayed IPO raise concerns about its financial stability.
- IPO Expected Year
- 2026
- Consecutive Quarters of Positive EBITDA
- 14