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Startups Travel

Oyo’s 25-Year-Old CEO Gets Approval to Invest $700M in Own Company

Masayoshi Son’s favorite founder is tightening his grip. Oyo, an Indian hotel startup backed largely by SoftBank, is getting a cash infusion from its own CEO, Ritesh Aggarwal. The company said Monday that Aggarwal’s $700 million investment got approval from Indian regulatory authorities, part of a $1.5 billion round that will value the company at $10 billion. The investment will increase...

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