SoftBank Investment Advisers Leads $800M New Financing Round In Indian Hotel Aggregator Oyo Rooms

India’s budget hotel brand Oyo Rooms announced that it has raised US$800 million in new financing round from SoftBank Investment Advisers (SBIA). Existing investors including Lightspeed Venture Partners, Sequoia Capital and Greenoaks Capital also participated in this round, according to company’s statement in its official WeChat account. The company has also received a commitment of an additional US$200 million, checking into the unicorn club by raising $1 billion in this round. About US$600 million of the fund raised will be spent in …

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