1. Oyo, formerly valued at $10 billion, is seeking funding at a 70% discount, according to a report. The company, which operates in the hospitality industry, has been hit hard by the COVID-19 pandemic, leading to a significant drop in its valuation. The report suggests that Oyo is looking to raise funds at a valuation of around $3 billion, a significant decrease from its previous high.

2. The article notes that Oyo's business model, which relied heavily on growth and expansion, has been severely impacted by the pandemic. With travel and tourism industries facing a downturn, Oyo's revenue and occupancy rates have declined, forcing the company to take drastic measures to stay afloat. The report indicates that Oyo is seeking to restructure its operations and focus on profitability rather than rapid expansion.

3. The article also highlights Oyo's challenges in the Indian market, where it has faced regulatory hurdles and legal disputes with hotel owners. The company's international expansion, particularly in markets like China, has also been impacted by the pandemic. The report suggests that Oyo's current funding round is crucial for the company to navigate these challenges and chart a path towards recovery.