OYO raises $1 bn from investors led by Softbank; firm now valued at $5 bn

This e-series funding round makes OYO the most valued hospitality company in the country, ahead of Tata Group's Indian Hotels Company and EIH

Ajay Modi | New Delhi
Last Updated at September 26, 2018 01:50 IST

Ritesh Agarwal

Forget about the crash in the Indian equity market. Indian hospitality start-up OYO has raised a massive $1 billion (Rs 72.63 billion) from four existing investors led by SoftBank. The latest fundraising is estimated to value OYO, which operates in the budget hospitality space, at around $5 billion (Rs 363 billion), a five-fold increase since September last year, when the last funding round took place. OYO was not even a unicorn (a start-up valued at $1 billion and above) before this funding round.

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