Oyo, formally known as Oravel Stays Ltd., is finally trying to tap the capital market and is working toward a January IPO. It plans to raise Rs. 7,000 cr. via a fresh issue of shares and another Rs. 1,430 cr. through an Offer-for-Sale.

India’s Big Step in Chipmaking

With the Make in India, Digital India, and Start-up India programmes, India has witnessed a substantial spike in demand for electronic products in the last few years. The country’s position as the second-largest mobile phone manufacturer in the world, and the surge in internet penetration among the population are creating a huge demand.