Despite posting significant revenue in the 2021-22 financial year, Open did not cross the Rs 50 crore revenue mark and its losses widened to Rs 167 crore from Rs 65.6 crore during the period
The collaboration aims to create a pool of investors that will nurture early-stage start-ups and help them navigate through their entrepreneurial journey
The filing offers OYO greater flexibility on the size of the issue during the initial stages of the process and allows the company to change the primary issue size by up to 50 per cent until the updated DRHP stage