[ 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.

Funding  Series C
Founded  2013
Country  India
City  Gurgaon, Haryana
Founder / CEO  Ritesh Agarwal
Deal Size  $250M
Investors  SoftBank
 Sequoia Capital
 Greenoaks Capital
 Lightspeed Venture Partners India
Previous Investors  same as above ( except Lightspeed Venture Partners India )
 Lightspeed
 DSG Consumer Partners
 Lightspeed Venture Partners

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