 "oyo, OYO Rooms, ritesh agarwal, founder of oyo, china, oyo in china, softbank, Didid, ceo of oyo, oyo hotels, oyo rooms, OYO Jiudian,")
Global homestay major Airbnb on Monday invested close to $200 million in the Ritesh Agarwal-led OYO chain of hotels, homestays, rental accommodation, and co-working spaces. This move, according to industry experts, would give a major boost to Airbnb’s India operations, as it would get instant access to 10,000 OYO Homes properties.
According to sources, the two firms have been in discussion for a stake sale since September last year, around the same time when OYO raised its billion-dollar mega round. This $200 million would be added to the ongoing Series E round. Till now, the hotel booking start-up has managed to
