🚀 Business & Startups🇮🇳 India
OYO, Now Called PRISM, Gets ₹3,885 Cr Angel Tax Demand Dropped Ahead of IPO
Inc42 Media·Sunday, 14 June 2026
Hotel aggregator OYO, which has rebranded as PRISM, has received relief in an angel tax demand case worth ₹3,885.51 crore. The company is currently IPO-bound, making this a significant legal clearance. The tax demand was linked to angel tax — a levy on startup funding that has long been controversial in India's startup ecosystem.
Why It Matters
Angel tax has been a pain point for Indian startups for years. A relief of this size for a high-profile IPO-bound company signals how these disputes can play out, and matters to anyone tracking India's public markets.
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