Oyo Rooms plans to raise $1 billion to invest in diversification, says report
Updated : September 23, 2019 10:18 AM IST
Oyo Rooms is aiming to raise between $750 million and $1 billion funds in the next few months.
The new round of funding, which will push Oyo’s valuation to $13.5-15 billion, is likely to be led by the SoftBank Group.
The Ritesh Agarwal-led startup is likely to spend the funds on massive diversification and for the management and operation of its five-star and luxury properties across the globe.