OYO Hotels & Homes valuation reaches $9 billion
By IANS |
Published on
Fri, Mar 5 2021 12:18 IST |
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OYO reiterates commitment to upskill hospitality workforce. Image Source: IANS News
New Delhi, March 5 : Hospitality major OYO Hotels & Homes valuation has reached the $9 billion-mark, according to industry sources.
The development comes after the latest fundraise of Rs 54 crore or $7.31 million from Hindustan Media Ventures Ltd.
In a regulatory filing with the Ministry of Corporate Affairs, OYO said that it has raised Rs 54 crore ($7.31 million) at a share price of $58,490 as part of its Series F1 round.
With over 50 products and more than 500 microservices, the company plans to utilise the capital in strengthening its technology stack for delivering an improved partner and customer experience.
OYO's valuation climbs again — hits $9 billion after its latest fundraise of $7 million
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OYO Hotels & Homes valuation reaches $9 billion
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