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SoftBank-Backed Oravel Said to Face Lower Valuation in India IPO

Oravel Stays Ltd., the SoftBank Group Corp.-backed parent of travel platform OYO, is facing investor pushback over the valuation for its planned initial public offering, according to people familiar with the matter, the latest Indian startup to encounter skepticism over pricing.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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