[ OYO Rooms raises $250M in Series C ]
OYO Rooms has raised $250 million in Series C funding.
Founded in 2013, OYO Rooms is a technology driven chain of standardized budget hotels in 200+ Indian cities and over 6500 hotels. It ushered disruption in the Indian hospitality industry by through technology and standardization in the budget hotel segment, unlocking a huge market opportunity.
The latest funding will be used to expand company’s reach further and for growing new formats like OYO Townhouse for which the company is forging partnerships with property developers.
|Founder / CEO||Ritesh Agarwal|
|Lightspeed Venture Partners India|
|Previous Investors||same as above ( except Lightspeed Venture Partners India )|
|DSG Consumer Partners|
|Lightspeed Venture Partners|