07 Sep

Budget hotel network pioneer OYO raises $250M led by SoftBank’s Vision Fund

 India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly-differentiated affordable hotels, and providing some structure… Read More
Source: TechCrunch – Funding and Exits

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