OYO

Indian hospitality startup OYO has now been reported by various media sources to be in talks of raising another new round which could value the 5 year old firm at up to $4 Billion and mark a notable jump from its most current size having raised well over $400 million in total funding across several rounds as of current.

Reports state of OYO being in talks with Softbank and co-working giant WeWork concerning a funding round which could raise up between $500 million – $1 Billion and may value the company at between $4 Billion – $5 Billion.

Last valued at $850 million from a previous funding round led by Softbank, The Indian hospitality firm has grown to be a major budget accommodation provider to a large number of customers with a current presence in over 230 Indian cities inking notable partnerships with several hotel owners who make use of its service to gain access to more customers.

With over 10 million downloads so far of its app and a large user base, OYO has cemented a status as a major leader in the Indian hospitality startup space and may just be joining the unicorn club in very soon time.

Softbank has notably led 3 of OYO’s funding rounds which amounts to $440 million in funding for the firm which also counts the likes of Sequioa, Lightspeed India, Greenoaks Capital and the China Lodging Group as investors.

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