SoftBank has led a $250m funding round in the hotel aggregation platform, which was previously said to be seeking up to $500m from investors.
India-based budget hotel booking platform Oyo Rooms has raised $250m in a funding round led by internet and telecom conglomerate Softbank’s $93bn Vision Fund, the Economic Times reported today.
Service project management and contract manufacturing company Hero Enterprise, Lightspeed Venture Partners, Sequoia Capital and Greenoaks Capital also contributed to the round, which is said to value Oyo at $850m to $900m.
Oyo was reported to be seeking between $300m and $500m at a $1.2bn valuation in February 2017. That…
