With eye on China, Oyo raises $800 Mn from SoftBank & other Investors

Oyo Rooms raises $800 Mn from SoftBank & other existing investors It has also received commitment for additional $200 Mn funding It has become the first hospitality company to join the unicorn club Company will use large parts of funds for expanding business in China India’s biggest…

ByGirish ShettiSeptember 25, 20180Comments

News

Oyo Rooms is on the cusp of becoming a $4 Bn company: Report

India’s largest budget hotel company Oyo Rooms seems to be in all hurry to make merry when the sun is shining bright. This probably explains the reasons behind latest reports that Oyo is currently in advanced talks to raise up to $1 billion in a new fundraising round. While this is news in itself, but…

ByGirish ShettiAugust 16, 20180Comments

News

OYO’s acquisition spree continues, acquires Mumbai based Weddingz: Report

OYO Rooms appears to be on an adventurous journey as the company continues with its acquisition spree. This time India’s largest hospitality company has acquired Weddingz, an online marketplace for wedding venues and vendors. The latest acquisition marks OYO’s third acquisition of the year as the SoftBank backed company continues to pursue aggressive expansion strategy. The…

ByGirish ShettiAugust 11, 20180Comments

News

Thanks to Tencent, Oyo may soon end up becoming $2 Bn company: Report

Tencent may pump $300-500 million in Oyo Rooms. Chinese internet behemoth Tencent is in advanced discussion to pump $300-500 million in budget hotel startup Oyo Rooms, according to people familiar with the matter. Although reports about Oyo aiming to raise fresh funds from SoftBank and other Chinese investors have been recently doing rounds, this latest unconfirmed…

ByGirish ShettiJuly 24, 20180Comments

News

OYO Rooms makes second acquisition, acquires IOT startup AbePlus

OYO ROOMS acquires acquires IOT startup AbePlus. Budget hospitality startup OYO Rooms has made its second acquisition after it acquired AbePlus, an Internet of Things (IOT) startup headquartered in Mumbai. However, OYO Rooms has refused to disclose the valuation of the deal. This acquisition will help OYO in developing an ecosystem aided by breakthrough technologies like IOT…

ByGirish ShettiJuly 11, 20180Comments

News

SoftBank backed Oyo Rooms starts Operation in China

Oyo Rooms starts operation in China. Budget hotel provider Oyo Rooms on Wednesday officially announced its foray into China’s burgeoning hospitality industry. This is Softbank backed startup’s third foreign venture as it has already forayed into Nepal and Malaysia’s hospitality market. Oyo Rooms said that its current chain of hotels in China compromises of 11,000 exclusive…

ByGirish ShettiJune 21, 20180Comments

News

Budget hotel aggregator startup OYO Rooms in Talks to Raise Fresh Funds from SoftBank: Report

OYO Rooms in Talks to Raise Fresh Funds from SoftBank. Budget hotel aggregator startup OYO Rooms is holding discussions to raise $500-$800 Mn through a new funding round from SoftBank, according to people familiar with the matter. The development comes barely six months after OYO Rooms secured $250 Mn from SoftBank, followed immediately by another 10…

ByGirish ShettiMarch 22, 20180Comments

Funding News News

Weekly Funding Roundup: Oyo Rooms. Vulcan Express, LendingKart & More

Weekly startup funding roundup. This week more than 10 Indian startups managed to rake up $300 m in funding, making it probably one of the busiest weeks for startups this year. Although $300 m may not be a very significant investment amount, but is worth appreciating that many startups hailed from lot of diverse sectors. This…

ByGirish ShettiSeptember 9, 20170Comments

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