Indian budget hotel aggregator Oyo raises $62m from SoftBank

Indian budget hotel aggregator Oyo raises $62m from SoftBank

Budget hotel aggregator Oyo, owned by Oravel Stays Pvt. Ltd, has raised Rs.413 crore (around $62 million) from Japan’s SoftBank Group Corp. at a time when investors have become ultra-cautious about their bets on Indian start-ups.

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