Our immediate goal, however, is to make forward-looking investments so we can achieve our mission while delivering on our fiduciary responsibility to our investors by building a sustainable business,” OYO founder Ritesh Aggarwal said in a statement. SoftBank-backed RA Hospitality Holdings is looking to raise $ 1.5bn as part of a series F funding round, with Founder Ritesh Aggarwal ’s RA Hospitality Holdings investing around $700m . The company, which includes coworking services among its portfolio, said the investment would be used to drive Japan growth and strengthen its vacation rental business in Entrepreneur India . It comes amid allegations from some hotel partners that RA Hospitality Holdings sometimes takes far more than its advertised 20% franchise fee. OYO entered the co-workspace market 2013 .
SoftBank-backed RA Hospitality Holdings is looking to raise $ 1.5bn as part of a series F funding round, with Founder Ritesh Aggarwal ’s RA Hospitality Holdings investing around $700m . The company, which includes coworking services among its portfolio, said the investment would be used to drive Japan growth and strengthen its vacation rental business in Entrepreneur India . It comes amid allegations from some hotel partners that RA Hospitality Holdings sometimes takes far more than its advertised 20% franchise fee. OYO entered the co-workspace market 2013 .