OYO may raise up to $1 billion, cross $4-billion valuation
Hotel chain OYO Rooms may soon raise $500 million to $1 billion in its next funding round, which could take its valuation up to $4.5-5 billion, as per reports. OYO is reportedly in talks with SoftBank, co-working giant WeWork, and a set of US-based investors. The Gurugram-headquartered company was last valued at $850 million after a $260-million SoftBank-led funding round.