Actors Madhuri Dixit, Amrita Rao and Bollywood producer Gauri Khan are among the many celebrities who have picked up shares of travel tech platform OYO in the last few months.
Gauri Khan purchased 2.4 million shares of OYO during the recent Series G funding round concluded in August 2024 which saw the company raise over Rs 1,400 crore from a consortium of investors, sources told PTI.
An email to Khan's team seeking comment was not responded to.
Of late, there is a trend wherein popular actors and celebrities are diversifying their investment bets into high-growth startups, which are heading for handsome returns once these companies go public.
"Madhuri Dixit, her husband Dr Sriram Nene, along with Dr Ritesh Malik, the clinician doctor, founder of flex space company Innov8, founding member of Plaksha University, and angel investor have bought 2 million shares of OYO at an undisclosed valuation", the company said in a statement.
The Indian celebrity couple Amrita Rao and her husband Anmol Sood, a popular radio jockey, also bought OYO shares in the secondary market, the company shared.
PTI had reported that Nuvama Wealth recently acquired shares worth Rs 100 crore in the travel major at Rs 53 per share on behalf of its investors, a clutch of family offices, through a secondary transaction.
This translates into a valuation of $4.6 bn for the company.
Though the valuation has been on the upswing, it is still a far cry from the $10 billion OYO commanded at its peak.
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