Oyo Hotels & Homes has raised Rs 50 crore in debt financing for MyPreferred Transformation — its joint venture with its largest shareholder SoftBank — from non-banking finance company Avendus Finance. Oyo and SB Topaz, an entity controlled by SoftBank, formed the joint venture in late 2018 to carry out renovation and refurbishment of Oyo’s hotels and other similar assets in India and other South Asian markets.