India: SoftBank leads $250m round in budget hotels aggregator OYO

India: SoftBank leads $250m round in budget hotels aggregator OYO

File photo of OYO founder and CEO Ritesh Agarwal and SoftBank CEO Masayoshi Son.

Online hotels platform OYO is the latest recipient of funding from Japanese investment major SoftBank‘s mega $100 billion SoftBank Vision Fund.

The budget hotels aggregator, operated by Oravel Stays Pvt. Ltd,  has raised $250 million in a fresh round of funding led by SoftBank, an existing investor, and new investor Hero Enterprise.

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