Sunday, 6 July 2025
26.4 C
Singapore
29.3 C
Thailand
20.4 C
Indonesia
29.1 C
Philippines

OYO secures US$806.75M Series F funding from SoftBank, RA Holdings

OYO, a hospitality unicorn based in Gurugram, has raised US$806.75 million funding from investors, SoftBank, and RA Hospitality Holdings. This investment is the first tranche from US$1.5 billion Series F round that was announced late last year. Reports from filings of the ministry of corporate affairs that were accessed by Inc42 suggests that OYO has […]

OYO, a hospitality unicorn based in Gurugram, has raised US$806.75 million funding from investors, SoftBank, and RA Hospitality Holdings. This investment is the first tranche from US$1.5 billion Series F round that was announced late last year.

Reports from filings of the ministry of corporate affairs that were accessed by Inc42 suggests that OYO has raised over US$506.75 million from subsidiary SVF Holdings based in Cayman islands. US$300 million, on the other hand, was invested by the hospitality giant, RA Hospitality Holdings.

As part of this transaction, OYO has issued 5,699 and 9,626 shares to RA Hospitality Holdings and SoftBank, respectively. The cost of a single share is US$52,643.22, along with a face value of US$1.35 (equivalent to 100 INR). 

OYO also announced about the US$1.5 billion deal back in October 2019. The company has stated that in the Series F round, approximately US$700 million will be infused by RA Holdings as primary capital in the company. Other existing investors will supplement the remaining US$800 million.

This funding comes just after the company made headlines across the world for its reconstructing plans that led to massive layoffs across the 80 countries it is operational in.

Over February and March 2020, OYO has laid off almost ten thousand employees across the world. Agarwal is hopeful about the future, though. It said that the company is prioritizing highly on improving relations with stronger corporate governance and hotels.

Agarwal was founded in 2013 as a hotel chain, and OYO has grown into a model of the franchise. Its verticals vary from casino hotels, holiday homes, corporate stays, budget hotels, and more.

Hot this week

Google lets you share smart home access more easily with family and kids

Google Home lets you easily assign Admin or Member roles, even for kids under 13, to manage your smart home access better.

Cloudflare blocks AI crawlers by default to protect online content

Cloudflare blocks AI crawlers by default to protect online content, giving creators more control and a new "Pay Per Crawl" option.

Infold Games launches Love and Deepspace pop-up exhibition at Resorts World Sentosa

Infold Games brings the first Love and Deepspace pop-up exhibition to Singapore from 18 to 31 July at Resorts World Sentosa.

DeepSWE, powered by Alibaba’s Qwen3-32B, outperforms rivals in global benchmark

Alibaba’s open-source Qwen model powers DeepSWE to global victory in AI agent rankings, signalling a shift in open-weight AI innovation.

TikTok trials new ‘bulletin boards’ to rival Instagram’s broadcast channels

TikTok is testing bulletin boards, a new feature similar to Instagram's broadcast channels, for direct creator-to-fan updates.

China to invest in Brazil-led global forest fund, signalling shift in climate finance

China may invest in Brazil's global forest fund, signalling a shift in climate finance and broader support from emerging economies.

Trump says talks with China on TikTok deal to begin this week

Trump says TikTok deal talks with China will begin this week, with possible involvement from President Xi or his team.

DeepSWE, powered by Alibaba’s Qwen3-32B, outperforms rivals in global benchmark

Alibaba’s open-source Qwen model powers DeepSWE to global victory in AI agent rankings, signalling a shift in open-weight AI innovation.

E Ink transforms laptop touchpads into smart e-reader displays for AI use

E Ink’s new touchpad brings e-reader tech to laptops, offering a low-power screen for AI apps and assistants right under your fingertips.

Related Articles

Popular Categories