OYO enters unicorn club, raises $1 bn to fund global expansion
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. The company has already raised USD 800 million and has further commitment of USD 200 million, OYO said in a statement.
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