San Francisco-headquartered Airbnb invests $75m in Indian hospitality company OYO

Photographer: Andrew Harrer/Bloomberg

San Francisco-headquartered home renting firm Airbnb has invested about $75 million in the Series E funding round of Indian hospitality company Oyo Hotels & Homes (OYO).

According to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc, OYO has issued 2,163 Series E compulsory convertible cumulative preference shares (CCCPS) to Airbnb at a price per subscription share of Rs 23,85,348.288, equivalent to $74.9 million.

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