HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack
NEWSTRACK

Oyo Hotels set to close USD 1.5 billion funding round led by SoftBank

Monday, November 25, 2019, 15:17 Hrs  [IST]
HBI Staff | Mumbai

According to The Financial Express, Oyo Hotels & Homes seems set to close its USD 1.5-billion Series-F financing round led by SoftBank. According to business signals platform Paper.vc, the Gurgaon-based company has recently filed documents with RoC indicating the firm’s board approval for the same.

While SoftBank is investing USD 810 million through Soft-Bank Vision Fund India Holdings (Cayman), Ritesh Agarwal-led RA Hospitality Holdings is putting in about USD 693 million, according to documents sourced from Paper.vc.There is also the possibility of investment by a third-party investor, analysts at the firm said. “The fund allotment may have happened or is imminent,” said Vivek Durai, founder at Paper.vc.

In October, Oyo had said it will raise USD 1.5 billion in fresh financing round of which USD 700 million will be invested by founder Ritesh Agarwal through RA Hospitality. The remainder of the funds amounting to USD 800 million will be invested by the company’s existing investors, it said in a statement. Bulk of the funding will be used to expand its business in the US. Excluding the Series-F round, Oyo has so far raised close to USD1.7 billion in funding, according to data from Crunch base. Founded in 2013, Oyo’s current portfolio combines fully operated real estate comprising more than 2 3,000 hotels and 46,000 vacation homes.

 
Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with del.icio.usdel.icio.us Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
 POST A COMMENT
* Name :    
* Email :    
* Message :  
   
RELATED NEWS
»  Sayaji Hotels Ltd. appoints Girish Menon as Associate Director - Development
»  HAI asks Delhi Government to keep “Classified” Hotels out of the purview of the New Excise Policy
»  Pride Group of Hotels joins as Festive Partner for the 19th Pune International Film Festival.
»  The Fern Hotels & Resorts opens their 19th hotel in Maharashtra with the opening of E-Square The Fern-An Ecotel Hotel, Pune
»  Kamat Hotels (India) LTD. Presented With Maharashtra State Best Employer Brand Awards 2021
»  Sayaji Hotels Limited announces strategic partnership with a majority stake in Intellistay Hotels
»  Pride Group of Hotels signs up Pride Resort Aatapi Wonderland in Gujarat
»  Apeejay Surrendra Park Hotels Limited and Laxmi Nivasam Developers announce their collaboration for developing Zone Connect Yadagirigutta
»  Zone by THE Park Hotels appoints Kiron Nair as the new Director-Operations
»  Roseate Hotels & Resorts organises ‘Lost recipes of India’ food festival
»  Adonia Hospitality raises USD 1 million seed round from Pepperfry founders, aims to expand in packaged and frozen food from November 2021
»  Marriott International signs agreement with Prestige Group to open two new hotels in Delhi
»  The Nazir Hoosein Memorial Drive Flagged Off From Welcomhotel By ITC Hotels, The Savoy, Mussoorie
»  IHG Hotels & Resorts introduces IHG Business Edge program for the MSME sector
»  Pullman & Les Mills Set Out To Host The World's Largest Virtual Fitness Class
»  Fortune Hotels opens Fortune Resort Benaulim Goa
»  Malini Menon takes over as General Manager - Sales & Marketing (South India) for The Fern Hotels & Resorts
»  Pride Group of Hotels has signed up to launch four new properties in the state of Uttarakhand
»  The Leela Palaces, Hotels and Resorts unveils Icons of India by The Leela - a private concert
»  Mumbai Central gets 48 Japanese-style 'pod hotels' for train travellers
 
CoverStory
Analysis
 
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
 
weekly
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar




Events
 
 
people
interview
newappoint
expert
© Copyright 2016 Saffron Synergies Pvt Ltd
HOME   |   ABOUT US   |   CONTACT US   |   FEEDBACK   |   DISCLAIMER   |   SITE MAP   |   ARCHIVES