Hotel chain Oyo Rooms has raised $800 million in fresh funds led by Softbank Vision Fund, making it the newest entrant in the India’s unicorn club. It has also received a commitment largely from the Japanese investor to further raise $200 million. The company will direct a significant part of the funds from this round of financing, approximately $600 million, into strengthening its position in China, which is still in the early stages of growth. Oyo also plans to use the capital to scale its business in these markets, new geographies and invest further in technology and talent.