Whalesbook
Deutsche Bank AG has refinanced a portion of a $350 million loan for Oyo Hotels founder Ritesh Agarwal, providing a $150 million three-year bullet loan. This eases financial pressure, allowing Agarwal to focus on Oravel Stays Ltd. (now Prism), the parent company, which is preparing for an Initial Public Offering (IPO) expected next year with a valuation between $7 billion and $8 billion. The company has also reported 14 consecutive quarters of positive adjusted EBITDA.