OYO raises $100M from SoftBank & existing investors to expand branded budget hotels

Delhi-based Oravel Stays Pvt Ltd, which runs the branded budget hotels marketplace OYORooms.com, has raised $100 million (Rs 635 crore) in a fresh round of funding led by Japanese tech conglomerate SoftBank. Existing investors Sequoia Capital India, Lightspeed Venture Partners and Greenoaks Capita...

Hiral Trivedi

Branded marketplace for budget hotels OYO claims to book 50K room nights a month

Delhi-based Oravel Stays Pvt Ltd, which runs an online branded marketplace for budget hotels OYORooms.com, claims to register more than 50,000 room nights a month and is aiming to grow it six-fold by the end of this year. The firm just closed a large VC round raising Rs 150 crore ($24 million) from ...