By Aditi Shah
NEW DELHI (Reuters) - Hotel aggregator OYO said on Tuesday it would raise $1 billion from existing investors including Japan's SoftBank Group to grow its business in India and China, and expand into new international markets.
In the latest funding round, which would value OYO at about $5 billion, it has already raised $800 million from investors led by SoftBank's Vision Fund and including Lightspeed Venture Partners, Sequoia Capital and Greenoaks Capital.
The investors have committed to invest an additional $200 million, OYO said in a statement.
(Reporting by Aditi Shah; Editing by Gopakumar Warrier)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app