Madhuri Dixit, Gauri Khan and these've grabbed shares of OYO, how many shares did they acquire?
As emphasized, with OYO, a company that specializes in the hospitality industry, starting to be active in recruiting celebrities like Madhuri Dixit, Gauri Khan and Amrita Rao as shareholders, people’s interest in investing in the company is growing deeply, not to mention the interest of institutional investors of the company too.
There is a growing trend in which celebrities and influential persons for that matter include a portion of their asset portfolio into high value startups with the expectation that once these institutions become publicly listed, they will get very high returns. The most recent of them are Bollywood actors Madhuri Dixit, Gauri Khan and Amrita Rao who have bought a stake in Oyo, the company that operates an online platform for users wishing to book hotel services in India and abroad.
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Shahrukh khan’s team has not yet delivered Gauri khan’s portfolio investment highlights and gauri khan has been dedicated to which has evident high investment outcome.
Madhuri Dixit & her husband Dr. Sriram Nene are new Investors in OYO.
Madhuri Dixit who is a popular Bollywood actress and Dr. Sriram Nene who is a businessman and started a career as a doctor, have solely made investments in OYO. As per company’s statement, they single handedly bought 2 million shares.
There has been a rise in the investment of celebrities, and their investment in OYO is one big proof that there is a trend of new startups emerging.
The investment further grandly endorses that celebrity power couple Amrita Rao and popular radio jockey Anmol Sood can make it big with OYO ventures.
Recently, Nuvama Wealth has bought 100 crore OYO shares at 53 rs each being the investor that oversaw the transaction. They have made the transaction representing the family offices and then on top of that they are also overseeing the brand expansion.
While making the transactions OYO was in evaluation at $4.6 B and although it was not the expectation OYO was dramatically below its valuation rate of 10 billion.
The Celebrity Influence
The increasing interest clothed by entrepreneurs in startups such as OYO is a part of a wider tendency which is globalization of the economic field. Many stars consider such investments as a way to earn large amounts of money in the future after the companies go public again or extend the monopololland further.
Recently there is a noticeable tendency of actors and celebrities looking for high growth companies for additional investment with rows of expecting great returns when these companies go listed.
“The company announced that Madhuri Dixit, her husband Dr Sriram Nene and Dr Ritesh Malik, who is a clinician doctor and co founder of flex space company Innov8 and a founding member of the Plaksha University and an angel investor purchased 2 million shares of OYO for an undisclosed sum”,
In any case, though the valuation has risen, it will still be a long way’s off from the USD 10 billion OYO reached at its top.