The recent funding round values Oravel Stays at USD 2.4 billion, matching the valuation from the first Series G tranche issued to InCred in July
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The company aims to expand its offline presence to 1000 multi-brand outlets across India by the end of the calendar year, while also opening 3-5 exclusive brand outlets this financial year
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Softbank had declared its intention to exit Paytm within 24 months following the IPO, a move that was consistent with its plans, although it anticipated a loss at the time, as per media reports
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