Big Deal: Oyo to make room for $250m

Apr 25, 2017 • Robert Lavine

SoftBank is reportedly set to invest $225m to lead the hotel booking platform's latest round as part of a large-scale Indian online services investment strategy.

Telecommunications and internet group SoftBank is set to lead a $250m funding round for India-based short-term accommodation provider Oyo Rooms, the Economic Times reported yesterday, citing three people familiar with the matter

The round, which will value Oyo at $850m post-money according to the people, will represent the latest large-scale deal for Japan-based SoftBank, which is aiming to hammer home its presence in India’s online services sector.

Oyo partners with hotels to provide a standardised budget accommodation offering that spans…

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