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Softbank-backed Oyo raises $1.5 bn at $10 bn valuation for market expansion

Agarwal, who founded Oyo in 2013, has built it into India's second-most valuable startup with a valuation of about $10 billion

Oyo | OYO Ritesh Agarwal | SoftBank

Saritha Rai | Bloomberg 

SoftBank-backed Oyo raises $1.5 bn; Agarwal to $700 mn for share purchase

Hotels and Homes is raising $1.5 billion from founder Ritesh Agarwal, Group Corp and other investors as the India lodging startup expands into foreign markets such as the US and Europe.



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First Published: Mon, October 07 2019. 14:32 IST