Indian budget hotel aggregator Oyo raises $62m from SoftBank

Oyo Rooms

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.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe