Why OYO's IPO Failed Twice - Indian Startups News 321

Google’s India Startup Accelerator 2026 List - https://inc42.com/buzz/meet-the-20-st... In this week’s episode of Backstage with Millionaires, we break down why OYO has failed at going public TWICE — and why its third attempt in 2026 might finally succeed. ⏱️ Timestamps: 00:00 - Intro 00:51 - OYO's IPO History (2021 & 2023 Failures) 04:00 - The PRISM Rebrand & Turnaround 05:55 - Bhavin Turakhia's Neo Launch 07:41 - Quick News Updates 09:25 - Weekly Funding Roundup 📌 What’s Inside This Episode: 🏨 OYO → PRISM: The IPO Comeback Story OYO first tried to IPO in 2021 at a $12B valuation — the biggest Indian startup IPO ever attempted at the time. It got cancelled. Try #2 came in 2023 at a slashed $2-3B valuation, and that failed too, largely due to SoftBank pulling back. So what's changed in 2026? We break down OYO's complete rebrand to PRISM, its pivot to an "asset-light, tech-driven" global hospitality platform, its 50% YoY revenue growth to ₹9,300 Cr, and its profits growing 4x to ₹920 Cr. We also cover PRISM's aggressive acquisition spree (Leisure Group, G6 Hospitality, K&J Consulting, Key Flickers) and why 75% of its IPO proceeds are earmarked for debt repayment. 🤖 Bhavin Turakhia Launches Neo: Taking on Microsoft & Google Zeta founder and Media.net billionaire Bhavin Turakhia is entering the enterprise AI race with Neo — a four-product suite (Friday, Tasket, Studio, Drive) built to compete with Microsoft Copilot, Google Gemini for Workspace, and Notion AI. We dig into his thesis on why most companies fail to capture AI's value, and how Neo plans to fix it. ⚡ Quick Startup News Updates Google's "Startups Accelerator: India 2026" cohort — 20 AI-first startups picked from 2,500+ applications Ola Electric hit with NCLT bankruptcy proceedings over unpaid supplier dues Flipkart goes zero-commission on ALL fashion products, benefiting 90,000+ sellers 💰 This Week's Funding Roundup Indian startups raised $97M this week (down from $172M last week): Adage Automation (industrial gas analytics) — $24.1M Hakimo (AI security monitoring) — $12M WizCommerce (AI sales platform for wholesale) — $8.3M Full funding list linked in the description & pinned comment below 👇 💬 Let us know in the comments: Do you think PRISM/OYO will finally go public this time? 🔔 Subscribe for weekly deep dives into Indian startups, business case studies, and founder stories. 📲 Follow us for more: Instagram:   / backstagewithmillionaires   Twitter/X: https://x.com/bwmillionaires #OYO #PRISM #IPO #IndianStartups #StartupNews #BhavinTurakhia #EnterpriseAI #StartupFunding #BusinessCaseStudy #IndianBusiness #Softbank #Hospitality #TechNews #BackstageWithMillionaires