Monday, April 11, 2016

India’s OYO Rooms secures US$100M, will expand domestically instead

The budget hotel-booking platform plans to tap into ‘pockets of profitability’ locally Indian budget hotel-booking platform OYO Rooms has secured US$100 million in its fifth round of funding from existing investors Softbank and an undisclosed international sovereign fund. Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery are also reported to...
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