India’s leading Hospitality unicorn OYO Hotels and Homes is on way to raise USD 1.5 billion in its latest latest round of funding. This round will be directed at its expansion in the US and towards strengthening its vacation rentals business in Europe.
The Series-F funding will involve an infusion of approx. USD 700 million from RA Hospitality Holdings (Cayman) as primary capital in the company, and the balance USD 800 million being supplemented by other existing investors.
OYO has seen some major investments over the years and has been on aggressive expansion. The company has seen investments from Softbank Vision Fund, Lightspeed and Sequoia Capital.
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