- Advertisement -
Friday, February 26, 2021
- Advertisement -

OYO’s Ritesh Agarwal sets up Aroa Ventures to invest in startups

OYO Founder Ritesh Agarwal has set up a new investment entity, Aroa Ventures, that will focus on early-stage businesses in the consumer, technology and leisure infrastructure sectors. The Singapore-based entity is being sponsored by RACo holding company.

00:04:31

Throwback Video: Making Of Dhartiputra (1993)

Dhartiputra is a 1993 Hindi film directed by Iqbal Durrani and produced by Dinesh Patel. It stars Mammootty, Jaya Prada, Rishi Kapoor and Nagma...
00:09:05

Throwback Video: Grand Premiere Of Khudgarz (1987)

Khudgarz is a Hindi action drama film produced and directed by Rakesh Roshan. It stars Jeetendra, Shatrughan Sinha, Govinda, Amrita Singh, Bhanupriya and Neelam...
00:04:48

Throwback Video: Recording Of Song Ishq Da Challa (2003)

This throwback video features the recoding of song 'Ishq Da Challa' from album Surya that came out in 2003. Alka Yagnik, Udit Narayan and...

Hospitality startup Oyo’s founder Ritesh Agarwal has glided a beginning phase investment support named Aroa Ventures, which will concentrate on interests in development stage new companies in customer, innovation, and recreation framework parts.

The reserve additionally incorporates Gaurav Gulati, prime supporter, and ex-COO of Innov8 as a co-proprietor. Oyo had gained collaborating space supplier Innov8 for $31 million out of an all-money bargain in March 2019.

Aro adventures will hope to put resources into new businesses with yearly incomes of $500,000 to $1 million. The VC store’s site shows that the venture firm will have a normal arrangement size between $1 million to $10 million.

Also Read – Yes Bank net profit declines 60% to ₹45 crore in Q1

With this, Agarwal will join a developing number of organizers turned heavenly attendant financial specialists, for example, Sachin Bansal, Kunal Bahl, Kunal Shah, and Vijay Shekhar Sharma who have drifted separately holding elements to put and get value in new businesses.

In July, Paytm originator Sharma framed separate venture substances VSS Holdings Pvt Ltd and VSS Investco Pvt Ltd to legitimately put resources into new businesses. Preceding this in September 2019, Snapdeal fellow benefactors Kunal Bahl and Rohit Bansal likewise went to holy messenger contributing through their VC firm Titan Capital.

The advancement was first detailed by a tech news entry Entrackr. As indicated by filings got to by the distribution, Aroa Ventures was enlisted in 2019 in Singapore with Agarwal and Thomas Hufnagel as investors in the element. Agarwal, be that as it may, claims 100% of Aroa Ventures.

Oyo didn’t react to Mint’s questions until distributing time.

“Past capital, our group of sequential business visionaries and experienced experts work nearby portfolio organizations to quicken their development and to convey better hazard balanced returns,” the Aroa Ventures site said.

Agarwal’s new VC finance comes nearly 12 months after the youthful originator expanded his stakeholding in Oyo by setting up a new substance named RA Hospitality Holdings (Cayman). In July 2018, RA Hospitality got the opposition commission (CCI) gesture to converge with Oyo’s parent elements.

In October a year ago, Oyo had raised $1.5 billion through RA Hospitality and Japan’s Softbank some portion of the friendliness startup’s Series F subsidizing round.

For latest entertainment news, bollywood news, hollywood news, celebrity gossips, latest movie reviews, entertainment news and gossips in hindi - follow Lehren on Facebook, Twitter and Youtube.

↓       Scroll down for next story      ↓

Sony Music India Announces Sangeetha Aiyer As Director Of Promotions

This is indeed an amazing news wherein the nationally prominent music giant Sony Music India announces Sangeetha Aiyer as director of promotions. Just a few...

Vidhi Pandya: Imli Has Been Path Breaking Performance In My Career

Best known for her strong performances in telly industry from past five years now, stunning TV actress Vidhi Pandya says Imli has been path...

Somy Ali And Jasmin Bhasin Remember Beautiful Sridevi

On her third death anniversary that was on 24th February a few days back, Somy Ali and Jasmin Bhasin remember beautiful Sridevi. Best known for...
- Advertisement -