OYO, the online hotel aggregator, has secured Rs 417 crore (around $50 million) from Incred, marking a significant valuation drop to Rs 19,756 crore (around $2.38 billion) from its peak of $10 billion. This funding is part of a broader $100 million round involving family offices and high net-worth individuals, aiming to bolster OYO before it refiles its draft prospectus for an IPO. This move follows OYO's recent withdrawal of its IPO application for the second time as it seeks to refinance a $450 million loan and raise fresh capital.