Whalesbook
Oyo Hotels founder Ritesh Agarwal has refinanced a significant portion of a loan, originally from Mizuho Bank, with a new $150 million, three-year loan from Deutsche Bank. This move, handled by Agarwal's investment entity RA Hospitality Holdings, eases financial pressure and allows him to focus on Oravel Stays Ltd. (now Prism), the parent company, which is preparing for an Initial Public Offering (IPO) next year. The IPO is anticipated to value Prism between $7 billion and $8 billion.