After $250 million fund infusion, OYO manages another $10 million

Date posted: Thursday 14 September 2017

Within a week of raising $250 million (Rs.1,600 cr.) from Japanese internet and telecom conglomerate SoftBank Group and Sunil Kant Munjal-led Hero Enterprise, besides other investors, online hotel aggregator OYO Rooms has raised another $10 million from China Lodging Group in a follow-up round. OYO and China Lodging Group have signed a memorandum of understanding (MoU) allowing the companies to combine technology knowhow and operations knowledge.

(Financial Express)