OYO – India’s largest hospitality company – has raised $250 million (INR 1600 crore) in a Series D financing round led by SoftBank through SoftBank Vision Fund with participation from existing investors Sequoia India, Lightspeed Venture Partners and Greenoaks Capital. Hero Enterprise has also joined the round as a new investor.
OYO : India’s largest hospitality company
Speaking about the development, Ritesh Agarwal – Founder & CEO, OYO said, “In less than four years, OYO has become India’s largest hospitality company in terms of network presence and inventory.”
Justin Wilson, SoftBank’s Board representative on OYO remarked, “OYO has solidified its position in India as the leading accommodation brand for consumer affordability and high quality standards.