India: SoftBank-backed OYO gets $10m from China Lodging Group

OYO Rooms founder Ritesh Agarwal. Photo: Ramesh Pathania/Mint

China Lodging Group, a leading multi-brand hotel group in China, has partnered with India’s hospitality company Oravel Stays Pvt Ltd – which runs the business under the brand name OYO – to facilitate and strengthen collaboration to build a global market leading hospitality business.

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