SoftBank and Homes parent, Oravel Stays has set up a number of entities according to Inc42 citing Homes filings. eight JV’s for hotel acquisitions and development have been set up in partnership with SoftBank controlled SB Topaz. OYO has also set up a financial and technology services company and five additional limited liability partnerships. All eight companies list OYO founder Abhishek Gupta and Ritesh Agarwal , group CFO , as directors. Gupta has been the signatory on the regulatory filings for all of the companies. The development comes after reports surfaced that OYO has been contemplating setting up a global hospitality property fund that will acquire properties across markets and lease those to OYO at an agreed-upon yield. Earlier this year , OYO entered the co-working market.
SoftBank and Homes parent, Oravel Stays has set up a number of entities according to Inc42 citing Homes filings. eight JV’s for hotel acquisitions and development have been set up in partnership with SoftBank controlled SB Topaz. OYO has also set up a financial and technology services company and five additional limited liability partnerships. All eight companies list OYO founder Abhishek Gupta and Ritesh Agarwal , group CFO , as directors. Gupta has been the signatory on the regulatory filings for all of the companies. Earlier this year , OYO entered the co-working market.