Skift Take

Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.

Chinese hospitality company H World Group – formerly Huazhu – has sold one-fifth of its holding of Indian hospitality company Oyo to United Arab Emirates-based family offices and institutional investors for around $9 million, a source told Skift.

The company’s partial exit translates to a 500 percent gain and values H World's remaining stake at over $36 million.

The transaction now leaves H World Group with a 0.63 percent stake in Oyo, implying a valuation of around $6.5 billion for Oyo, which is looking to list on the Indian stock exchange.

In a transaction last October, Oyo was also v