Great performance in India led to $1 bn funding in OYO: Ritesh Agarwal

Hospitality firm OYO Tuesday announced raising USD 1 billion (around Rs 7,280 crore) in a fresh round of funding led by Japan's SoftBank group for further expansion in India, China and other countries. Commenting on the development, OYO founder and chief executive Ritesh Agarwal said: "In the last 12 months, we have increased our footprint to five countries -- India, China, Malaysia, Nepal, and more recently in the UK. With this additional funding, we plan to rapidly scale our business in these countries, while continuing to invest further in technology and talent."
Share this Video
Text Size:AAA

*

Success
This article has been saved