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Ritesh Agarwal to invest $700M in Oyo’s new $1.5B financing round

Ritesh Agarwal to invest 0M in Oyo’s new .5B financing round India’s largest budget lodging startup Oyo Hotels and Homes said today it plans to raise about $1.5 billion as part of a new financing round as the startup looks to expand its footprints in the U.S. and Europe. Ritesh Agarwal, the founder […]

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India’s GoWork raises $53M in debt financing to expand its co-working spaces business

India’s GoWork raises M in debt financing to expand its co-working spaces business GoWork, a Gurgaon-based startup that runs a co-working spaces business in India, said on Tuesday it has raised $53 million in a debt round to scale its business in the country as competition in the market, including from recent […]

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Korean hotel platform Yanolja raises $180M at a valuation of over $1B

Korean hotel platform Yanolja raises 0M at a valuation of over B The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is […]

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India’s OYO enters Japan in partnership with SoftBank

India’s OYO enters Japan in partnership with SoftBank Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’s $1 billion round last year through its Vision Fund — which will cover hotel-based […]

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Airbnb confirms $150M-$200M investment in India’s OYO

Airbnb confirms 0M-0M investment in India’s OYO Airbnb is continuing to widen its focus beyond ‘unconventional’ hotels as it gets ready for a much-anticipated IPO. Following its acquisition of HotelTonight last month, the company has picked today (April Fool’s Day) to confirm that it invested in India’s OYO — a startup that […]

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Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia

Grab invests 0M into India’s OYO to expand its budget hotel service in Southeast Asia Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E […]

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India’s budget hotel network OYO moves into wedding banquet services

India’s budget hotel network OYO moves into wedding banquet services OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s up to. Back home in India, it just moved into the event hosting space through the acquisition of […]

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