India hotel aggregator raises $100 million

04 Aug 2015
OYO Rooms, an aggregator of budget hotels based in India, has raised $100 million (about Rs 630 crore), led by Softbank Group. Existing investors Greenoaks Capital, Sequoia Capital and Lightspeed India also participated in the round. OYO said it would use the funding for new customer experience projects and technology products. Launched in 2013, OYO has a presence in over 70 cities with more than

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